Loans

Need a loan? Find personal and homeowner loans with Ocean. Our loans can be used for almost any purpose and we may be able to help if you’ve got bad credit.

Find a loan that's right for you
All credit histories welcome
No up-front fees

Personal loans

Start from £100 - £5,000

Instant online decision
We won't charge you any fees
We consider less-than-perfect credit ratings

Find out more

Homeowner loans

Start from £10,000 - £250,000

Check if you'll be accepted before you apply
Smart Search will NOT affect your credit score
We compare 100s of loans with competitive rates

Find out more

Personal and homeowner loans from Ocean

Looking for a loan? At Ocean, we could help you find a loan for almost any purpose. Whether you’re looking to make a big purchase, need to make some home improvements, or even want to consolidate your debts, we could help.

We offer two different types of loan:

Personal Loans

Also called an unsecured loan, it isn’t secured against your property, so you don’t need to own your own home to be eligible to apply.

Borrow £100 to £5,000
Available over 3 to 36 months

Unsecured loans: 68.7% APR Representative. Ocean, a trading style of Intelligent Lending limited. We are a broker, not a lender. To find you a loan, we work with a preferred lender panel as well as panels operated by other brokers. We will search the lenders in order of who offers the best representative APR, first from our preferred panel and then from the panels of other brokers.

Homeowner Loans

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

Borrow £10,000 to £250,000
Available over 3 to 30 years

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.

Debt consolidation loans

If you’re repaying multiple existing debts each month, 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 repayments with one easy-to-manage repayment each month
Reduce the amount you pay
Free up money for other purposes

Get a quote for a debt consolidation loan today and see what your monthly repayments could be.

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

Try our loan calculator to see what your payments could be

Loan amount

Term (years)

The amount we show you is just an estimate. To get a personalised quote, we’ll ask for a few more details.

How do I apply?

Applying for a loan with Ocean is really easy. Click on the ‘find out more’ buttons above to get a bit more information on the different types of loan we offer.

You can then fill in our short online form and we will search for a personal loan for you. Or if you want a homeowner loan, use our quick loan calculator to see what your payments might be on a homeowner loan before applying.

The Ocean Credit Card

Know if you're accepted before you apply with QuickCheck

Check Now

Get credit - up to £1,500
QuickCheck won’t affect your credit rating
Get a fast response in 60 seconds
34.9% APR Representative (variable)

Check Now Intelligent Lending Ltd (Credit Broker). Capital One is the exclusive lender

Don't take our word for it

Feefo reviews are gathered anonymously from genuine customers. Take a look at some of the comments from people Ocean have helped.

Friendly helpful staff. Kept us informed throughout our application.

All employees I dealt with were knowledgeable & helpful. I knew exactly what step of the process I was at & what the next steps were. The team kept in touch checking in with me on a regular basis. Wide range of services offered.

Great communication throughout process. No jargon making the process easy to understand. Very efficient from application to completion

Excellent communication at all times

Yes would recommend them to my friends

Communication was good, being kept up todate regularly,

Common questions

Is a personal loan secured or unsecured?

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

Homeowner loans are also available. You can find out more about those here.

What's the difference between a personal loan and a homeowner loan?

Personal loans are generally for small to medium amounts of money (between £100 to £5,000) and are repaid over 3 to 36 months. Homeowner loans can be much larger (between £10,000 and £250,000) and the repayment periods can be much longer too – up to 30 years.

However, as the name suggests, you can only apply for a homeowner loan if you own your own property. This isn’t the case with a personal loan.

Can I get a loan if 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’s impossible. A lender may simply offer you a higher interest rate than they would if you had a good credit rating.

If you own your own home, you may be more likely to be accepted for a homeowner loan. That’s because the loan is secured against your property, giving your lender more security in the event you don’t make your repayments.

Remember though, with a homeowner loan, your property may be at risk if you don’t meet your repayments.

Is a personal loan cheaper than a homeowner loan?

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

Why use Ocean?

We’ve helped hundreds of thousands of people find the right loan, and we can do the same for you.

We look at every application on a case-by-case basis – even if you have poor credit, we’ll do our best to find you a loan deal
Getting a quote won’t affect your credit rating
There are no up-front fees to worry about

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Based on Feefo.com reviews - customers who left an Ocean Finance review recommend us with an average rating of 4.7 out of 5 from 667 reviews left by Ocean Finance customers (as of July, 2017)