If you’ve had a County Court Judgement (CCJ) registered against you within the last 6 years, you may find it more difficult, or more expensive to find a loan. We specialise in helping people with CCJs by finding CCJ loans, even if you’ve been rejected by other lenders.
- Personal or homeowner loans available
- Loans for almost any purpose, including CCJ loans
49.9% APR Representative (variable) Homeowner loans: We have helped people with rates from 4.3% APRC to 26.6% APRC.
What types of loan are available with Ocean Finance?
A homeowner loan is often called a secured loan because it’s secured against your property. Therefore, you need to own your own home to be eligible to apply for one. This gives lenders added security if you fail to meet your repayments. However, because the loan is secured against your home, it could be at risk if you do miss payments.
Homeowner loans are for large amounts of money - £10,000 to £100,000 and can be repaid over 3 to 25 years.
A personal loan is different because you don’t have to be a homeowner to be eligible. They’re generally for smaller amounts of money - £100 to £10,000 and can be repaid over 3 to 60 months.
What can I use a loan for?
We help people find a loan for lots of different things. Whether you want to consolidate your existing debts with a new loan so you have just one lower monthly payment, or make some home improvements, you can use an Ocean loan for almost any purpose.
What is the difference between a homeowner loan and a personal loan?
The main difference is that to apply for a homeowner, or secured loan, you need to own your property. This isn't the case with a personal loan.
If you’re a homeowner, 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 property. Remember, your home could be at risk if you don’t meet your monthly repayments.
I’ve been rejected by other lenders, can I still apply?
Yes, even if other lenders have rejected you, we may still be able to help. We specialise in helping people with less than perfect credit ratings. We’ll look at your individual circumstances, and, if we can, we’ll find you a loan that’s right for you.
Why use Ocean Finance?
Applying for a loan with Ocean is really quick and simple – we just need a few details and can get you an immediate quote.
- Personal loans from £100 to £10,000
- Homeowner loans from £10,000 to £100,000
- We may still be able to help if you’ve got CCJs, mortgage arrears, defaults or an adverse credit rating
- No up-front fees