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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?

All our personal loans are unsecured. 'Unsecured' means they're not secured against property - so you don't have to be a homeowner to apply.

Secured personal loans are available, but these are more commonly known as homeowner loans or just secured loans.

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How is a personal loan different to a homeowner loan?

Personal loans are generally for small-to-medium amounts (between £2,000 and £15,000) and repaid over two to five years. Homeowner loans can be much larger (between £5,000 and £200,000), and the repayment periods can be much longer (up to 25 years).

However, as the name suggests, you can only apply for a homeowner loan if you own your home - which isn't the case with a personal loan.

If you are a homeowner, you may be able to choose between a personal loan or a homeowner loan, depending on how much you want to borrow. The choice is up to you, but you may stand a better chance of being accepted for a homeowner loan, especially if you have a less-than-perfect credit rating.

You can find out more about homeowner loans here Back to questions

Can I get a personal loan if I have bad credit or I've missed payments in the past?

If your credit rating isn't perfect, it can make it harder to get a loan - but it doesn't mean it'll be impossible. A lender may simply offer you a higher interest rate than they would if you had a really good credit score.

Even so, you might find there are more options available to you if you look for a homeowner loan (as long as you own your home).

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Are personal loans cheaper than homeowner loans?

It depends on a number of things, such as your credit rating, how much equity you have in your property, which lender you borrow from and how quickly you want to repay the loan.

If you're borrowing a small amount for just a few years, an unsecured loan might be a good choice. If you're thinking of borrowing more for a longer time, it might be best to consider a secured loan.

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Other types of loan we offer

7.7% APR typical variable. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.