Chain Block Finance

Spread the cost of chain blocks and electric chain hoists from £300 to £8,000+ with flexible finance options. HP, lease, or refinance, compare rates from 40+ lenders.

Can you finance a chain block?

Yes, chain blocks are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £300 to £8,000, and most deals are written over 12–48 months with a deposit of around 10–20%. Decisions typically take same-day. Used machines are financeable too, usually with a shorter term.

Typical Cost

£300 – £8k

Approval Speed

Same-day

For straightforward deals under £3k

Rates From

6.3% APR

What would a chain block cost per month?

Chain Block price (ex VAT) £2,200

Deposit 10%

Agreement term 60 months

Annual interest rate 9%

Balloon payment £0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical chain block price. Indicative only, not a quote.

Finance options

Hire Purchase (HP)

Rate: From 6.8% APR
Term: 12–48 months
Deposit: 10–20%
Ownership: Yours at the end
Best for: Workshops wanting to own the hoist outright

Finance Lease

Rate: From 6.3% APR
Term: 12–48 months
Deposit: None required
Ownership: Return or buy (balloon payment)
Best for: Tax-efficient; claim 100% of payments against profit

Operating Lease

Rate: From 7.2% APR
Term: 24–36 months
Deposit: None required
Ownership: Return at end
Best for: Businesses wanting hoists off balance sheet on shorter contracts

Representative example

On a purchase price of £2,200: a 10% deposit of £220, then 48 monthly payments of £46 at 5.9% APR representative (fixed). Total amount payable £2,428, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.

Machine or specification	Guide price	Type
Manual chain block, 1–2 tonne capacity	£300 – £700	Manual Chain Block
Electric chain hoist, 1–2 tonne capacity	£1,500 – £3,500	Electric Chain Hoist
Electric chain hoist with trolley, 3–5 tonne capacity	£4,000 – £8,000	Electric Chain Hoist with Trolley

Tax benefits

A chain block or electric chain hoist is plant and machinery, so it qualifies for the Annual Investment Allowance, letting a business deduct the full cost from taxable profits in the year of purchase, up to £1,000,000, under Hire Purchase. Lease payments are instead deducted as a business expense against profits as they fall due.

Market context

Workshops, fabricators, and maintenance teams buy chain blocks and electric chain hoists for repeated, everyday lifting tasks, usually alongside a jib crane, gantry, or overhead runway that supports them. Because the unit cost of a single chain block is modest, most businesses finance them bundled together with the crane, hoist beam, or wider workshop equipment order they are fitted to, rather than as a standalone agreement. Replacement is driven mainly by wear on the chain and load brake after years of frequent use, and by the ongoing cost of the thorough examination and inspection regime that applies to lifting equipment, which some businesses factor into a decision to replace an older unit rather than keep testing and repairing it. A well-maintained hoist has some resale value, but given how inexpensive new units are, most worn hoists are simply replaced rather than sold on.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

Frequently asked questions

Can I finance a chain block on its own, or does it need to be part of a bigger order?

Most lenders can finance a chain block or electric hoist on its own, though because the unit cost is often modest, many businesses find it more practical to bundle several hoists, or a hoist together with the jib crane or gantry it runs on, into one agreement. This keeps the paperwork to one application rather than several very small ones.

Does financing a chain block cover its ongoing inspection costs?

No, finance covers the purchase cost of the equipment itself. Lifting equipment like chain blocks is subject to an ongoing thorough examination and inspection regime, which is a separate running cost paid to a competent inspecting body rather than something built into a finance agreement. It's worth budgeting for this alongside your monthly payment when working out the true cost of ownership.

Is it worth financing such a low-cost item as a manual chain block?

For a single manual chain block, many businesses simply buy outright given the low cost. Financing becomes more worthwhile when you're buying several hoists at once, upgrading to electric chain hoists across a workshop, or bundling the hoists in with a jib crane or gantry system, where the combined invoice makes a finance agreement genuinely useful for cash flow.

How quickly can chain block or hoist finance be approved?

Given the low ticket size involved, most applications are approved same-day or within 24 hours once basic trading details and a supplier quote are provided. Where several hoists are being bundled together, or added to a wider jib crane or gantry order, the lender will look at the whole package rather than each hoist individually, which usually keeps the process just as quick as financing a single unit on its own.