About PayBreak
PayBreak is a digital-first premium finance provider with the lowest minimum premium on our panel at £200. Their fast, app-based onboarding makes them particularly useful for small craft owners wanting to spread the cost of jet ski, dinghy or small RIB insurance. Their APR range is slightly higher than the market leaders, reflecting their appetite for smaller premium amounts.
Rates and Terms - October 2026
| Feature | Detail |
|---|---|
| APR Range | 11.5% – 18.9% |
| Maximum % of premium financed | 80% |
| Minimum annual premium | £200 |
| Maximum term | Up to 12 months |
| Repayment structure | 10 or 12 equal monthly direct debits |
| Application method | Online / through broker |
Rates as at October 2026. Subject to credit assessment and eligibility. Your actual rate may differ.
Pros and Cons
Advantages
- Lowest minimum premium on our panel (£200)
- Digital-first - very fast approval and setup
- Suitable for jet ski, dinghy and small RIB insurance
- Simple app-based repayment management
Considerations
- Highest APR range on our panel (11.5%–18.9%)
- Lower maximum loan (80% of premium)
- Less suitable for large premiums where the major providers offer better rates