Rankin Finance Marine Equipment Finance - Indicative Rates October 2026
| Scenario | APR Range | Max Term | Max LTV | Min Loan |
|---|---|---|---|---|
| Engine / electronics - strong credit | 10.5%–12.5% | 7 years | 80% | £3,000 |
| Sails / rigging / deck hardware | 12.5%–14.5% | 7 years | 75% | £3,000 |
| Mixed refit / complex credit | 14.5%–18.9% | 5 years | 70% | £3,000 |
Rates indicative for October 2026. Subject to lender criteria and individual circumstances.
Rankin Finance Marine Equipment - What You Need to Know
Rankin Finance operates in the specialist and sub-prime equipment finance market, providing funding for marine equipment where mainstream and near-prime lenders have declined. Their rate range of 10.5%–18.9% APR reflects the higher-risk profiles they accept, and Rankin should be considered as a solution of last resort for applicants with significant adverse credit or unusual circumstances.
Rankin's key advantage in this market is their minimum loan floor of just £3,000 - the lowest of any lender in the marine equipment finance comparison. This makes Rankin accessible for outboard motor finance, navigation upgrades and individual equipment replacements that don't meet the £5,000–£10,000 minimums of mainstream lenders.
Maximum LTV from Rankin is 80%, with terms up to 7 years - both generous given the credit profiles they accept. Adverse credit including CCJs, defaults and satisfied IVAs is considered case by case. The underwriting focus is on the quality of the security (the equipment) and affordability, rather than a clean credit history.
For buyers who have been declined by Black Horse, Close Brothers or Funding Circle due to credit history, and who need marine equipment finance urgently - an engine failure mid-season, for example - Rankin provides a genuine solution at a premium price. Doulton Bridging Finance will exhaust all lower-cost options before recommending Rankin, but will present it clearly when it is the right answer.
Strengths
- Adverse credit accepted - CCJs, defaults, IVAs
- Lowest minimum loan - £3,000
- 80% LTV and 7-year term
- Broad equipment appetite
Limitations
- Highest rates (10.5%–18.9% APR)
- Last-resort lender - exhaust all alternatives first
- Higher arrangement fees typical