Skip main navigation

Loan calculator

Tell us how much you want to borrow, and we’ll show you an example of what your monthly repayments might be with our handy loan calculator.

At Ocean, we offer personal and homeowner loans for almost any purpose. See what we can do for you today.

Our loan calculator is for illustrative purposes only and exact payment terms should be agreed with a lender before taking out a loan.

Monthly payments:

Total repaid:

Cost of credit:

Let’s see what we can do for you today

Find personal loans
from £100 to £10,000

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

49.9% APR Representative (variable)

Apply now

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

Apply now

See your monthly repayments

Whatever you need a loan for – whether you’re looking to make a big purchase, spruce up your kitchen with some home improvements, or to consolidate your debts – an Ocean loan could help.

One of the most important things to know when you’re looking at taking out a loan is how much you’ll have to pay back each month. Use our quick loan repayment calculator to get an estimate of how much your repayments will be. We just need to know a few things, like how much you want to borrow, and how long for, and we can then show you your estimated repayments.

The different types of loans

Homeowner loans

A homeowner loan, also called a secured loan, is secured against your property, so you have to own your own home to be eligible to take one out. They range from £10,000 to £100,000 and you can repay them over 3 to 25 years. As they are secured against your home, it could be at risk if you fail to meet your monthly repayments. Take a look at our homeowner loan calculator to get an estimate of monthly repayment amounts.

Personal Loans

With a personal loan, anyone can apply as no security is needed. They’re usually for smaller amounts than homeowner loans – from £100 to £10,000 and can be repaid over 3 to 60 months, depending on how much you borrow. Be sure to use our personal loan calculator to see how much repayments may be.

Common questions

What can I take a loan out for?

We help people find loans for lots of different things. Perhaps you want to build a conservatory on your home, or want to buy a new car, a loan can be used for almost any purpose. You could also take a loan out to consolidate your current debts, leaving you with just one affordable repayment each month instead of lots of smaller ones.

Can I apply for a loan if I have bad credit?

Yes, you can. If you have a poor credit rating due to missed payments in the past, CCJs, or any other reasons, it can make it more difficult to find a good deal on a loan, but that doesn’t mean it’s impossible.

We can find loans designed for people with bad credit ratings. We look at each application individually and we’ll do our best to find you a loan at a great rate.

However, the loan may carry a higher interest rate compared to a loan for someone with a perfect credit history. Remember to use our loan repayment calculator to get an idea of how much repayments may be.

What is APR?

APR stands for ‘annual percentage rate’ and it shows you how much your borrowing will cost you over an average year, over the term of your borrowing.

It should make it easier for you to compare different loans against each other, as it includes the interests, charges and any other fees involved.

What is the difference between a homeowner loan and a personal loan?

Homeowner loans

To be eligible for a homeowner loan, you must own your own property or have a mortgage.

They’re usually for large amounts of money (£10,000 to £100,000) and can be repaid over 3 to 25 years. Our homeowner loan calculator should help you decide whether this loan is right for you.

Personal loans

Personal loans are usually for smaller amounts compared to homeowner loans (£100 to £10,000) and need to be repaid over a shorter term – 3 to 60 months. You don’t need to own your own home to be eligible to apply either, as they’re not secured against anything.

If you own your property, you may be more likely to be accepted for a homeowner loan, especially if your credit rating isn’t perfect. This is because homeowner loans offer lenders more security as it’s secured against your home.

Please remember that your home could be at risk if you don’t meet your monthly repayments. Again, our personal loan calculator will help you decide if this loan is right for you by giving you a general idea of what repayments may look like.

Why use Ocean Finance?

There are many reasons to choose Ocean Finance:

  • We look at every case on an individual basis, so even if you have CCJs, arrears or defaults, we may be able to help
  • There are no upfront fees to pay
  • Over 20 years' experience

Other types of loans we offer