Black Horse RIB Finance - Rate Summary
| Criteria | Black Horse - RIBs & Sports Boats |
|---|---|
| Rate range (APR) | 6.9% – 11.5% |
| Max loan term | 10 years |
| Max LTV | 80% |
| Minimum loan | £5,000 |
| 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 Black Horse RIB & Sports Boat Finance
Black Horse, the motor and leisure finance arm of Lloyds Banking Group, is one of the most widely recognised names in UK leisure craft lending. For RIBs and sports boats specifically, Black Horse offers competitive hire purchase products with rates from 6.9% APR - making it a strong opening benchmark for borrowers with good credit profiles. The lender's deep integration with dealership networks means that many buyers encounter Black Horse at point of sale, often before approaching a broker. However, accessing the full range of products and negotiating the sharpest available rate is typically more effective through an independent route.
Black Horse's RIB and sports boat proposition suits buyers of established-brand craft - think Williams Jet Tenders, Ribeye, Ballistic, or Sillinger - where the resale profile is strong enough to satisfy their underwriting team. Their 80% loan-to-value ceiling and minimum loan of £5,000 makes this lender accessible for a wide range of purchases, from a well-used £7,000 RIB to a premium £80,000 performance craft. Repayment terms extend to 10 years, although many borrowers opt for shorter terms to minimise total interest paid.
Black Horse - What Works Well
- Competitive entry rates from 6.9% APR for strong credit profiles
- Up to 80% LTV - reduces deposit burden
- 10-year maximum term provides payment flexibility
- Broad acceptance of RIBs from recognised manufacturers
- Supported by Lloyds Banking Group's balance sheet strength
Black Horse - Points to Consider
- Rates at the higher end (11.5% APR) for lower credit scores
- Dealership-sourced offers may not reflect best available pricing
- Less flexible on non-standard craft or older vessels
- No direct consumer channel - broker or dealer route only
How Does Black Horse 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: Black Horse. All rates indicative for October 2026. Actual rate depends on applicant profile, LTV, and loan term.