Personal loans
Finding the best personal loan deal doesn't have to mean searching around for hours. At Ocean Finance, we do the searching for you - comparing deals from our panel of lenders to find a deal that suits you.
- Find personal loans for any purpose
- Help from qualified loan consultants in the UK
- No fees payable up-front
- Loans from £2,000 to £15,000
To get started, tell us how much you want to borrow in the form below, and we'll find the best quotes for you from our panel of lenders.
Let us help you find a personal loan
Why spend hours trawling the internet for a personal loan when we can do it for you? We'll look for the best deal from our panel of lenders.
All you have to do us let us know what you're looking for using the above form.
Personal loan advice
- Is a personal loan secured or unsecured?
- How is a personal loan different to a homeowner loan?
- Can I get a personal loan if I have bad credit?
- Are personal loans cheaper than homeowner loans?
Is a personal loan secured or unsecured?
All our personal loans are unsecured. 'Unsecured' means that you don't have to be a homeowner to apply. There's also less risk of losing your home if you can't repay the loan (although the consequences are still severe).
Secured personal loans are available, but these are more commonly known as homeowner loans or just secured loans.
Back to questionsHow is a personal loan different to a homeowner loan?
Personal loans are generally for smaller to medium amounts (between £2,000 and £15,000) and are repaid over two to five years. Homeowner loans can be much larger (between £3,000 and £125,000), and the repayment period can be much longer (up to 25 years).
However, as the name suggests, you can only get a homeowner loan if you are a homeowner - unlike a personal loan.
Depending on how much you want to borrow, you may be able to choose between a personal loan or a homeowner loan (for example, if you want a £3,000 loan over five years). Which you choose is up to you, but you may stand more chance of being accepted for a homeowner loan, especially if you have a bad credit rating.
You can find out more about homeowner loans here Back to questionsCan I get a personal loan if I have bad credit?
A bad credit rating can make it harder to get a loan, but that's not to say you won't be able to get one. A lender may simply offer you a higher interest rate than if you had a good credit score.
You may have more success applying for a homeowner loan (as long as you're a homeowner).
Just remember that if you are still struggling with your finances in any way, you should avoid borrowing more money until you're back on top of things. This is especially important with homeowner loans, as missed payments could lead to your home being sold.
Back to questionsAre personal loans cheaper than homeowner loans?
Personal loans tend to have a lower interest rate than homeowner loans. They also tend to have shorter repayment periods, which means they should build up less interest over time.
However, the actual rates you are offered will vary between lenders, and will depend on things like your credit score.
Back to questions