Current Pegasus Marine Finance Superyacht Finance Rates
| Rate (APR) | Max LTV | Max Term | Min Loan | Lender Type |
|---|---|---|---|---|
| 5.9%–9.2% APR | Up to 75% | Up to 20 years | £100,000 | Specialist Marine Lender |
Rates are indicative for October 2026 and subject to change. Final rate depends on LTV, term, vessel type, credit profile and overall client relationship.
Market Context & How Pegasus Marine Finance Compares
Pegasus Marine Finance occupies a distinctive position in the UK superyacht lending landscape: they offer the longest terms (up to 20 years), highest LTV (75%) and lowest minimum (£100,000) of any lender in this guide, at the cost of the highest rates. This profile makes them the most flexible lender for superyacht buyers who need to maximise leverage or who do not qualify for private banking products.
The 20-year term is the most significant structural differentiator. Against a £1m facility at 6.5% APR, a 20-year term produces a monthly payment approximately £1,200–£1,500 lower than a 15-year equivalent. For buyers with strong income but limited liquid capital, this monthly payment reduction can make the difference between an affordable and unaffordable transaction.
The 75% LTV means a client purchasing a £1.5m superyacht could access up to £1.125m in finance - requiring only £375,000 equity. This is the most leveraged superyacht finance product in the mainstream market and is particularly relevant for buyers who have assets tied up in property or business rather than liquid capital.
Pegasus has a genuinely specialist marine underwriting team that understands yacht surveys, classification society requirements, flag state registrations and the realities of vessel depreciation. This expertise means they are often more pragmatic than generalist lenders on older vessels, unusual configurations, and vessels with a history of charter use.
The rate range of 5.9%–9.2% APR reflects the broader risk appetite and the absence of relationship banking cross-sell. For clients who qualify for Investec, Coutts or HSBC Private Bank, private banking products will produce materially lower interest costs over the loan term. But for buyers who need maximum leverage, the longest terms, or who don't meet private banking criteria, Pegasus is often the right answer.
Pegasus Marine Finance vs the Full Market - All Lenders
| Lender | Rate (APR) | Max LTV | Max Term | Min Loan | Type |
|---|---|---|---|---|---|
| Investec | 4.8%–7.2% | Up to 70% | Up to 15 yrs | £500,000 | Private Bank / Specialist Lender |
| Lombard | 5.2%–7.8% | Up to 65% | Up to 12 yrs | £500,000 | Specialist / RBS Group |
| Barclays Private Bank | 4.5%–6.9% | Up to 65% | Up to 15 yrs | £1,000,000 | Private Bank |
| HSBC Private Bank | 4.3%–6.5% | Up to 65% | Up to 15 yrs | £1,000,000 | Global Private Bank |
| Coutts | 4.2%–6.8% | Up to 60% | Up to 15 yrs | £1,000,000 | Royal Private Bank |
| Close Brothers | 5.5%–8.5% | Up to 70% | Up to 15 yrs | £250,000 | Specialist Finance House |
| Pegasus Marine Finance | 5.9%–9.2% | Up to 75% | Up to 20 yrs | £100,000 | Specialist Marine Lender |
| Credit Suisse UK | 4.6%–7.0% | Up to 65% | Up to 15 yrs | £1,000,000 | International Private Bank (UBS Group) |
Pegasus Marine Finance Key Advantages
- Longest terms in the market - up to 20 years
- Highest LTV at 75% - maximises leverage
- Lowest minimum (£100k) - most accessible lender
- Dedicated marine underwriting team
- Flexible on older vessels and complex situations
Where to Consider Alternatives
- Highest rates in the guide (5.9%–9.2% APR)
- Not a private banking product
- Higher total interest cost over 20-year term
- Less suitable for UHNW clients who qualify for private banking