Aldermore RIB Finance - Rate Summary
| Criteria | Aldermore - RIBs & Sports Boats |
|---|---|
| Rate range (APR) | 8.2% – 13.5% |
| Max loan term | 7 years |
| Max LTV | 70% |
| Minimum loan | £10,000 |
| Finance type | Hire Purchase (HP) |
| Early repayment | Permitted (ERC may apply) |
| Asset types | RIBs, inflatable craft, sports & speedboats |
| Borrower types | Private individuals, sole traders, limited companies |
| Rate updated | October 2026 |
About Aldermore RIB & Sports Boat Finance
Aldermore Bank has established itself as a credible specialist lender across the SME and retail finance markets, and their RIB and sports boat proposition benefits from that broader experience. With rates from 8.2% APR and a focus on straightforward, broker-friendly processing, Aldermore offers a sensible alternative to both the high-street banks and the most specialist adverse lenders.
Aldermore's appetite for RIBs and sports boats is focused on the quality end of the used and new market - established brands, good condition, and borrowers with demonstrable repayment capacity. Their 70% LTV and 7-year term position them similarly to Shawbrook, and the two lenders are often compared in market searches. Where Aldermore sometimes has an edge is in processing speed and broker relationship quality; where Shawbrook sometimes wins is on more complex income assessments. Using a broker to access both simultaneously is the efficient approach.
Aldermore - What Works Well
- Specialist bank with strong broker relationships
- Straightforward application process - efficient decisions
- Competitive mid-tier rate from 8.2% APR
- Suitable for both new and quality used RIBs
- Good for SME borrowers alongside private individuals
Aldermore - Points to Consider
- Higher entry rate than top-tier institutional lenders
- 70% LTV - 30% deposit required
- 7-year maximum term
- £10,000 minimum
- Less flexible than Together on adverse history
How Does Aldermore Compare?
| Lender | Rate from | Max Term | Max LTV | Min Loan |
|---|---|---|---|---|
| Close Brothers | 6.5% APR | 10yr | 80% | £5,000 |
| Black Horse | 6.9% APR | 10yr | 80% | £5,000 |
| Lombard | 6.8% APR | 7yr | 75% | £10,000 |
| Barclays | 7.2% APR | 7yr | 75% | £10,000 |
| Pegasus | 7.5% APR | 15yr | 85% | £3,000 |
| United Trust | 7.8% APR | 10yr | 75% | £10,000 |
| Shawbrook | 8.2% APR | 7yr | 70% | £10,000 |
| Aldermore | 8.2% APR | 7yr | 70% | £10,000 |
| Together | 8.5% APR | 7yr | 70% | £10,000 |
| Rankin | 9.2% APR | 15yr | 85% | £3,000 |
Highlighted row: Aldermore. All rates indicative for October 2026. Actual rate depends on applicant profile, LTV, and loan term.