Shawbrook RIB Finance - Rate Summary
| Criteria | Shawbrook - RIBs & Sports Boats |
|---|---|
| Rate range (APR) | 8.2% – 13.9% |
| 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 Shawbrook RIB & Sports Boat Finance
Shawbrook Bank has built a reputation as a considered and capable specialist lender across the asset and secured lending markets, and their RIB and sports boat finance proposition reflects that positioning. Starting from 8.2% APR, Shawbrook's rates sit in the mid-tier of our panel - but what distinguishes them is their willingness to engage with borrowers whose situations fall outside the neat boxes of high-street credit assessment.
Shawbrook is often a strong option for self-employed borrowers with retained profits in a company, property investors with complex income, or individuals who have recently changed employment. Their underwriting team is experienced in assessing 'story' cases - situations where the numbers are solid but the presentation doesn't fit an automated scorecard. For RIBs and sports boats, they lend up to 70% LTV with a minimum of £10,000, positioning them for mid-range to premium craft purchases.
Shawbrook - What Works Well
- Specialist lender - experienced with complex income profiles
- Willing to consider 'story' cases outside standard criteria
- Established bank with regulated FCA status
- Consistent underwriting approach - broker-friendly
- Good for self-employed and company director borrowers
Shawbrook - Points to Consider
- Higher entry rate at 8.2% APR compared to top-tier lenders
- 70% LTV - requires a 30% deposit
- Upper rate band at 13.9% APR for higher-risk profiles
- £10,000 minimum - not for smaller purchases
- 7-year maximum term - less flexible than some
How Does Shawbrook 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: Shawbrook. All rates indicative for October 2026. Actual rate depends on applicant profile, LTV, and loan term.