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Find the right loan for you

Need a loan? Find personal and homeowner loans with Ocean Finance. We can find some of the best loans in the UK that can be used for almost any purpose and we may be able to help if you’ve got bad credit.

Find personal loans
from £100 to £10,000

  • Instant online decision
  • All credit histories welcome
  • No upfront fees

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Homeowner loans
from £10,000 to £100,000

  • Check if you'll be accepted before you apply
  • Getting a quote won’t affect your credit score
  • We compare 100s of loans with competitive rates

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Debt Consolidation Loans

Apply for a loan that lets you replace all the existing monthly repayments you’re juggling with one easy-to-manage monthly payment.

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Bad Credit Loans

Don’t let having a less-than-ideal credit score get you down. With our help, you can still find a loan that fits with your personal situation.

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Need a loan? Many people do at some point – whether it’s to buy a new car, improve or move home, plan a wedding or consolidate existing debts into a single payment, there are loads of reasons to take out a loan. And there are different types of loans to suit various situations, too.

No matter which loan deals are right for you, it all works in a similar way. A lender gives you an amount of money for whatever you need it for. You’ll then pay it back – including interest – over a set number of months. All this is agreed upfront with your lender when you apply.

At Ocean Finance, we make it our business to get the best loan deals for our customers. When you apply for a loan through us, we’ll match you up to a finance option that fits the bill: secured, homeowner, personal, bad credit or debt consolidation. If you need a loan, we'll be there every step of the way.

What loan amount could I get?

It’s a good question, so let’s find out! Give our loan calculator a go to see what your monthly payments could look like. Simply enter the amount you want and for how long. Bear in mind the figure is only an estimate and we’ll need a few more details to see if you’re eligible:

Try our loan calculator to see what your payments could be

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

Estimated monthly payments:£0

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What can loans be used for?

Apart from our debt consolidation loan, the good news is we can help you get a loan for pretty much any purpose you can think of. A new set of wheels, a sparkling new conservatory or a dream wedding – these are some of the reasons our customers will apply for a loan. And we’ll do everything we can to give you the best chance of being approved.

Taking out a loan can often work out better when paying for those major expenses than using your overdraft or putting on a credit card.

Is taking out a loan safe?

At the end of the day, if you keep up your end of the bargain with your monthly repayments, loans are just as safe as any other form of lending. Like any form of credit, though, a loan is a serious commitment. You must be sure you can stick to your monthly repayments, while also thinking about how much interest you’ll pay on top of the loan amount.

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At Ocean Finance, we don’t think anyone should be left high and dry when it comes to getting the finance they need. In our eyes, loans are for everyone – even if your credit history is less-than-perfect. We work with a panel of loan companies to find you a brilliant deal, and we look at each application on its own merits.

Before you check if you’re eligible, we only have two small things to ask of you. First, you must be at least 18-years-old to apply for a loan. And second, you must be a permanent resident of the UK.

If you have a major expense that you can’t afford with your regular income, your savings or your overdraft, a loan could be for you. If you want to avoid maxing out your credit card, look no further. Or if you’re tired of juggling multiple debt repayments, why not save yourself the effort and consolidate them all together. There’s no such thing as a typical loan applicant – each one is different.

Who are loans not for?

Bear in mind, though, that loans aren’t always the answer. If you don’t need to borrow a large amount, using a credit card can be a good idea – especially if you can pay back most (if not all) what you owe in a short space of time. Nor is a loan the answer if you can easily use savings.

A loan can help if you have a poor credit history or want to make it easier to manage your existing debts – but only if you’re sure you can stick to your repayments. Not doing so can make things worse in the long run, especially if your loan is secured against the value of your home.

Can I apply for a loan with bad credit?

Yes, you can.

If you’ve already been turned down by high street lenders and aren’t finding it easy to get the finance you need, Ocean Finance can help. We can’t guarantee you’ll be accepted, but we’ll do our very best to match you with a trusted lender who can offer you a deal that’s right for you.

A less-than-perfect credit score doesn’t make it impossible to get a loan, but don’t be surprised if your interest rate is higher than someone with a good credit score.

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Each person has their own reasons for wanting (or needing) a loan. How you use it is up to you – all we’re here to do is make sure you get the best loan offers around.

Advantages of applying for a loan?

The good points of taking out a loan – compared to other forms of credit – will differ depending on the type of loan you apply for. An unsecured personal loan offers benefits that a homeowner loan doesn’t, and vice-versa. Don’t fret though. We can help you work out the best one for you. That’s what we’re here for!

The main advantages of getting a loan:

  • Get the full amount paid to you upfront to help you cover those bigger costs
  • Loans can be used for so many reasons: home improvement, debt consolidation etc.
  • The amount you can borrow will likely be more than any credit card offer
  • It’s easier to budget with your fixed monthly repayments
  • All credit ratings welcome – you won’t be turned down outright
  • You can decide how long you want to pay your loan back*
  • Your interest rates won’t change during the lifetime of your loan period**
  • Got a windfall? Many lenders let you over-pay or pay off loans early at no extra cost

And that’s not all. No matter what your credit score looks like, keeping on track with monthly loan repayments can work wonders for your credit history. It shows lenders you’re able to manage your money well and you’ll be less of a risk should you apply for finance again later in life. It could make all the difference when it comes to getting the best credit card, mortgage or loan deals.

* The length of your loan period may depend on your personal situation

** Check the terms of any loan agreement to make sure if your interest rates are fixed or variable

Disdvantages of applying for a loan?

Loans aren’t without their risks, just like any other form of borrowing. There are downsides to even the best loans, not least if you don’t use them responsibly. If you’re thinking of applying, bear in mind these following points to make sure you know what you’re signing up to:

  • Loan interest rates can sometimes be higher than other forms of borrowing
  • Could you get a lower rate if you borrow more cash? You could be tempted into taking on more debt than you need
  • Loans aren’t as flexible as a credit card – the amount you must repay each month is set in stone, even if your personal circumstances change
  • Interest rates can stack up, especially if you’re borrowing a smaller amount or spreading the cost over a long period of time
  • A late or missed repayment can have a serious impact on your credit rating
  • With secured lending, your home could be at risk if you don’t keep up with your payments

Why are there different types of loans?

Secured or unsecured? Bad credit or debt consolidation? At Ocean Finance, we offer two main type of loans – plus loans to suit specific situations. It’s because we want to make totally sure we’re helping you as best we can.

And we can’t do that if we don’t recognise your own personal situation. We like to treat all our customers as individuals. When it comes down to it, the most suitable loan for your relative, friend or neighbour isn’t necessarily the most suitable one for you.

If you own your home, you might prefer the idea of getting a lower interest rate in exchange for ‘securing’ your loan against the value of your property. On the other hand, it’s entirely possible that risk is too much for you – so you’d rather apply for a lower amount that’s ‘unsecured’.

It’s also possible to get a loan with a guarantor if you want to provide that extra security.

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Why are different loans cheaper than others?

It’s not that different loans are ‘cheaper’. The total amount you must pay back always rests on two things: the interest rate and the length of the loan period. You’ll also find you can’t get as big an unsecured loan as you can a secured one.

With an unsecured personal loan, you can borrow up to £10,000 for a maximum of 5 years. For secured homeowner loans, though, you can borrow up to £100,000 for a maximum of 25 years. This is because a lender has the added reassurance of tying the loan amount against your property.

As a result, a homeowner loan usually comes with a lower APR and this means you’ll pay a lower amount of interest. On the flip side, these loans tend to take longer to repay – so you could end up paying more interest in total by the time the loan is fully repaid.

Why does my credit score matter?

Your credit report is a rundown of all your money matters, including any borrowing you’ve signed up to in the past. How well you’ve managed your money in the past is used by lenders to work out how big a financial risk you are. Ultimately, lenders want to know one thing above all else – will you be able to stick to your repayments? And that’s where your credit score comes in.

How can I find my credit score?

It’s free to check your credit score* with the three main UK credit reference agencies:

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A loan is an agreement between you and a lender. You agree to borrow an amount of money – and then repay that amount over several months or years, plus interest. The interest you pay depends on the lender, your personal circumstances and your credit score.

How do I get a loan?

The way to apply for a loan can differ from lender to lender. At Ocean Finance, we’re trying to make things easier. We think it’s our job to take the stress out of finding the loan you need:

Personal loans

It takes just seconds to see your chances of being pre-approved with our Personal Loans Eligibility Checker. And it won’t even affect your credit rating, either! Then, all you need to do is tell us how much you’re looking to borrow and for how long and few other details, and we’ll search our panel of lenders to find you a deal.

With an online decision, you’ll know right away if we can find a loan that’s right for you.

Homeowner Loans

Our three-stage homeowner loan application process couldn’t be easier. Start by telling us how much you wish to borrow, how long for and what you’ll be using it for. Then we just need a few details about you and your property to get you a quote from our panel of lenders.

In just a minute, we could find the right loan for you – without harming your credit score. Once you’re happy with the quote we’ve given you, we’ll set the wheels in motion to secure your loan as soon as possible.

How much can I borrow with a loan?

For personal loans, you can borrow between £100 and £10,000 with Ocean Finance – and you can spread your repayments over 3 to 60 months. On the other hand, homeowner loans range from £10,000 to £100,000 and you can choose to pay this back between 3 and 25 years.

How will taking out a loan affect my credit score?

When you apply for a loan through us, we’ll show you if you’re likely to be accepted in the first instance. This eligibility check does not affect your credit score.

If it looks like your chances of being approved are good, completing your application with your chosen lender will mean that the lender runs a hard search on your credit file. This could have a little impact to start with, but making repayments on time will quickly reverse this – and then start to build up your credit score.

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Do you want to make sure you’re dealing with the best loan companies? Of course you do – and that’s why, here at Ocean Finance, we’ve made sure we only work with the best. What this means is you’ll receive the loan deals from a panel of lenders that you can rely on – 100%.

That’s not the only reason you should let us find a loan for you. If it’s amazing customer service you want, we’ll go above and beyond – and our customers seem to agree. Take a look at the hundreds of genuine great reviews we’ve received and see how we can help you, too.

We’ve been helping our customers for more than 25 years – and this is why we’re still doing it:

  • 250,000+ satisfied customers
  • 70% of personal loans are pre-approved
  • We’ll give you an instant online response
  • Getting a quote doesn’t affect your credit score
  • Each application is judged on its own merits
  • Big panel of trusted UK-based lenders
  • No unwanted phone calls
  • All credit histories welcome

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