Lombard RIB Finance - Rate Summary
| Criteria | Lombard - RIBs & Sports Boats |
|---|---|
| Rate range (APR) | 6.8% – 10.5% |
| Max loan term | 7 years |
| Max LTV | 75% |
| 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 Lombard RIB & Sports Boat Finance
Lombard, the asset finance arm of NatWest Group, brings substantial institutional backing and deep underwriting experience to the RIB and sports boat finance market. With rates from 6.8% APR, Lombard is particularly well placed for business borrowers - sole traders, partnerships, limited companies - purchasing a RIB for legitimate business purposes such as inspection, transport, or crew welfare use. Their structured approach to business lending means applications are assessed with reference to overall business financials rather than simply personal credit profiles.
For private buyers, Lombard is slightly less accessible than their business proposition, but remains competitive for buyers with strong personal financial positions. The 75% LTV and £10,000 minimum position this lender clearly in the mid-to-upper market - if you are purchasing a premium RIB (Ribeye 600+, Williams 445 Jet Tender, or similar), Lombard's rate and service proposition warrants serious consideration. Their 7-year maximum term is shorter than some competitors, which keeps total interest lower but increases monthly outgoings.
Lombard - What Works Well
- NatWest Group backing - financial strength and stability
- Competitive rates for business borrowers
- Experienced in complex asset and income structures
- Straightforward documentation requirements for established businesses
- Competitive for VAT-registered buyers (net of VAT basis considered)
Lombard - Points to Consider
- £10,000 minimum - not for smaller purchases
- 7-year maximum term - shorter than some panel lenders
- Less flexible for private borrowers with complex income
- 75% LTV - requires 25% deposit
- Less appetite for older or non-standard craft
How Does Lombard 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: Lombard. All rates indicative for October 2026. Actual rate depends on applicant profile, LTV, and loan term.