Pegasus RIB Finance - Rate Summary
| Criteria | Pegasus - RIBs & Sports Boats |
|---|---|
| Rate range (APR) | 7.5% – 13.5% |
| Max loan term | 15 years |
| Max LTV | 85% |
| Minimum loan | £3,000 |
| 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 Pegasus RIB & Sports Boat Finance
Pegasus Personal Finance is a specialist leisure lender with one of the most flexible propositions in the RIB and sports boat finance market. With rates starting from 7.5% APR, a 15-year maximum term, 85% LTV, and a low minimum loan of just £3,000, Pegasus caters to a broader range of buyers than most panel lenders - including first-time RIB buyers, those purchasing smaller or used craft, and borrowers seeking to spread cost over a longer period to reduce monthly outgoings.
Pegasus operates primarily as a consumer finance specialist, which means their underwriting approach is calibrated to personal borrowers rather than businesses. Their 85% LTV is the highest on our panel, reducing the deposit required - particularly valuable for buyers of higher-value RIBs where capital is better deployed elsewhere. The 15-year term, while attracting more total interest than a shorter arrangement, can make premium craft genuinely affordable for buyers whose monthly cashflow is the primary constraint.
Pegasus - What Works Well
- Highest LTV on our panel at 85% - lowest deposit requirement
- 15-year terms available - maximum payment flexibility
- Minimum loan of just £3,000 - accessible for smaller purchases
- Specialist leisure finance focus - sympathetic to RIB buyers
- Flexible income assessment for non-standard employment
Pegasus - Points to Consider
- Higher entry rate (7.5% APR) than some institutional lenders
- Upper rate band at 13.5% - significant for lower credit scores
- Longer terms mean more total interest over the loan life
- Consumer-focused - less suited to business purchase scenarios
- Rates at lower end require strong personal credit profile
How Does Pegasus 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: Pegasus. All rates indicative for October 2026. Actual rate depends on applicant profile, LTV, and loan term.