Homeowner loans

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£10,000 - £250,000

  • Check if you'll be accepted before you apply
  • We compare 100s of loans with competitive rates
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Representative Example

If you Borrow £25,000 over 10 years at an annual interest rate of 8.8% APR (variable) you would make 120 payments of £357.57 per month. The total amount repayable will be £42,908 (This includes an average Lender fee of £495 & Broker fee of £2975). The overall cost for comparison is 12.6% APR Representative.


Secured loan rates start from 5.4% APR. We also offer a range of products with rate up to 34.1% APR, which allows us to help people with a range of credit profiles. We arrange secured loans from a panel of lenders. We will receive a commission from the lender upon completion. A fee of 12.5% of the net loan amount, capped at £2975, is payable upon completion. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Unsecured loans : 44.9% APR Representative

Personal and Homeowner Loans from Ocean

Looking for a loan? Whatever reason you need it for – whether you’re looking to make a big purchase, want to make some home improvements, or want to consolidate your debts – we could help.

Use our simple calculators to see how much your repayments will approximately be before you apply to make sure they’re affordable for you.

Homeowner Loans

Also known as a secured loan, homeowner loans are secured against your property, so you’ll only be eligible for one if you own your own home or have a mortgage.

  • Borrow £10,000 to £250,000
  • Available over 3 to 30 years
Find out more

Personal Loans

A personal loan, also known as an unsecured loan, isn’t secured against your property, so you don’t need to own your home to apply.

  • Borrow £2,000 to £5,000
  • Available over 2 to 4 years
Find out more

Other loans options

If you’ve got multiple outgoings each month towards a number of different debts, you could use a debt consolidation loan to make the payments more manageable.

By using a loan to consolidate your debts, you could:

  • Replace your multiple monthly repayments with one easy-to-manage monthly payment
  • Reduce your repayments each month
  • Free up money for other purposes

Get a quote for a debt consolidation loan today and see how much smaller your monthly payments could be.

Remember, as you’ll be repaying your debts over a longer period of time, you could increase the amount of interest to be paid overall.

How do I apply?

It’s really easy to apply for a loan with Ocean. Click on the ‘find out more’ button above to get a bit more information on the different types of loan we offer, and then hit ‘get a quote’, give us a few more details, and we’ll give you an estimate of how much your monthly repayments will be. If you like what you see, you can then apply for the loan.

Happy to help

Call us if you have any queries, no matter how small, and we'll be ready to lend an ear.

0161 672 7575

of our customers are pleased with our service

Very very good service. All those that dealt with my case where very helpful and made me feel.very comfortable talking to them.Ocean have a very good and helpfully staff team who get to know there customers.

Common questions

Is a personal loan secured or unsecured?

All our personal loans are unsecured. This means that they’re not secured against your property, so you don’t have to be a homeowner to apply for one and your home won’t be at risk if you ever find yourself unable to make the repayments.

Secured, or homeowner loans are also available, which you can find out more about here.

How is a personal loan different to a homeowner loan?

Personal loans are generally for small-to-medium amounts of money (between £2,000 and £5,000) and are repaid over 2 to 4 years. Homeowner loans can be much larger (between £10,000 and £250,000), and the repayment periods can be much longer - up to 30 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’re a homeowner, you may be able to choose between a personal loan or a homeowner loan.

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 be 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 perfect 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). This is because your lender has more security knowing you are more likely to make your repayments as your property can be at risk if you don't.

It’s always important to remember that your home may be at risk if you do not keep up repayments on any loan secured against it.

Is a personal loan cheaper than a homeowner loan?

Homeowner loans usually do come with a lower APR, which means you’ll pay a lower rate of interest, but they’re also usually repaid over a longer time period than a personal loan, so you could pay more interest in total by the time you’ve paid it all off.

Based on Feefo.com reviews - 99% of customers who left an Ocean Finance review recommend us with an average rating of 4.9 out of 5 from 528 reviews left by Ocean Finance customers (as of June, 2016)