Yacht Import Finance Rate Comparison - October 2026
| Lender | Rate from | Rate to | Max term | Max LTV | Min loan | EU/Foreign flag? |
|---|---|---|---|---|---|---|
| Lombard | 5.9% | 9.2% | 12yr | 75% | £50,000 | UK/EU VAT-paid only |
| Close Brothers | 6.2% | 9.8% | 15yr | 75% | £25,000 | UK/EU VAT-paid |
| Pegasus Marine Finance | 6.9% | 11.5% | 20yr | 80% | £10,000 | Yes (incl. flags of convenience) |
| Together Money | 7.2% | 11.8% | 15yr | 75% | £25,000 | Yes (incl. BVI/Cayman) |
| Shawbrook Bank | 7.5% | 12.2% | 10yr | 70% | £50,000 | UK registration required |
| Rankin Finance | 7.5% | 13.5% | 20yr | 80% | £5,000 | EU-registered |
Rates indicative as at October 2026. Subject to credit assessment, vessel survey and individual lender criteria. We work with the whole market - lenders above are representative, not exhaustive.
How to Get the Best Yacht Import Finance Rate
The rate you're offered on a yacht import loan depends on several factors beyond credit score. Understanding these helps you present the strongest possible application:
VAT Status
Vessels with clean, documented VAT-paid status attract the best rates. Lombard and Close Brothers offer their lowest pricing only to VAT-compliant vessels. If VAT status is uncertain, lenders like Together Money and Pegasus can still assist but rates will be higher.
Flag State
UK-registered or EU-registered vessels with clean documentation attract more lenders and better pricing. Offshore-registered vessels (BVI, Cayman) are accepted by Together Money and Pegasus but at higher rates reflecting additional complexity.
Loan-to-Value
Borrowing at 60–65% LTV rather than 75–80% typically reduces your rate by 0.5–1.5 percentage points across most lenders. If you can increase your deposit contribution, this is the single most effective lever for rate reduction.
Term Length
Shorter loan terms (5–7 years) attract lower rates than longer terms (15–20 years). For larger loans, we model the break-even point between a lower rate on a short term versus the cash flow benefit of a longer term.
Lender rate pages
Each lender's full criteria, rates and our verdict for this vessel type, October 2026.