Shawbrook Bank Marine Equipment Finance - Indicative Rates October 2026
| Scenario | APR Range | Max Term | Max LTV | Min Loan |
|---|---|---|---|---|
| Engine / electronics - strong credit | 8.5%–10.5% | 5 years | 70% | £10,000 |
| Sails / rigging / deck hardware | 10.5%–12.5% | 5 years | 65% | £10,000 |
| Mixed refit / complex credit | 12.5%–15.2% | 4 years | 60% | £10,000 |
Rates indicative for October 2026. Subject to lender criteria and individual circumstances.
Shawbrook Marine Equipment Finance - What You Need to Know
Shawbrook Bank is primarily known for its property finance offering, but its asset finance division is active across a range of equipment types including marine. Shawbrook's marine equipment finance sits in the near-prime/specialist space - rates are above mainstream asset lenders but the underwriting is more flexible.
Rates from 8.5% APR for Shawbrook marine equipment finance reflect their position as a lender who takes on cases that Black Horse or Close Brothers might decline - non-standard income, light adverse credit history, or equipment purchases that don't fit the standard asset finance template.
Maximum LTV is 70% with a 5-year term and £10,000 minimum. Shawbrook's 30% deposit requirement is the same as Aldermore, and both sit in a similar market segment - specialist lenders for applicants who need flexibility over pure price optimisation.
For marine equipment, Shawbrook is a useful option where the applicant has had a previous decline from a mainstream asset lender, or where the equipment type is unusual - for example, a watermaker, a davit system or a specialist navigation installation that mainstream lenders may not have pricing frameworks for.
Doulton Bridging Finance can package Shawbrook applications effectively, including preparing the supporting documentation that Shawbrook's underwriters need to approve cases with non-standard elements.
Strengths
- Accepts cases declined by mainstream lenders
- Flexible underwriting for unusual equipment types
- Non-standard income considered
Limitations
- Higher rates (8.5%+ APR) than major asset lenders
- 70% LTV - 30% deposit required
- 5-year max term
- Min £10,000 loan