Secured Loans

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 A secured loan is a loan where you will be required to use your property as security against the loan, so the lender is able to balance the risk of lending to you. The amount that can be borrowed differs from lender to lender and your individual circumstances. The amount that can be borrowed, the term available and the Annual Percentage Rate (APR) will depend on:

• the value of your property
• your ability to repay the loan
• your personal circumstances

An Ocean Finance secured loan often allows you to borrow more and repay over a longer period than a unsecured personal loan with terms up to up to 25 years. They can normally be used for almost any purpose may be available to people who have been turned down for an unsecured loan. Borrowers who are self-employed, have recently changed jobs or have previous credit problems will also often be considered for a secured loan. They are also useful for borrowing larger sums or where the applicant requires a longer repayment period.

When you apply to Ocean Finance for a secured loan your loan application will be passed to an underwriter who will examine your application and find the best secured loan plan we have available. Ocean Finance is a finance Broker this means not only do we have access to our own secured loans but also many other leading secured lenders, we will search all the lenders from our panel to find the most suitable secured loan deal for your individual needs and circumstances.

Homeowner Loans Secured On Your Home

Use an Ocean Finance UK homeowner loan to consolidate all your existing credit cards, store cards and unsecured loans leaving you with just one convenient, manageable monthly repayment and improve your cash flow. Alternatively use your Ocean Finance any purpose loan for items such as a new car, home improvement jobs or a holiday. Even if you have bad or adverse credit, county court judgments (ccj's) or mortgage arrears you may still qualify for a home loan through Ocean Finance.