Ocean loans

Whether you’re looking to make some home improvements, make a big purchase, or even consolidate your existing debts, Ocean could help you find a cheap loan that’s affordable for you.

You can borrow £100 to £5,000 with a personal loan, or £10,000 to £250,000 with a homeowner loan. We’ll talk about the differences between the two further down the page.

Where to find cheap loans

Your personal circumstances will affect the rate of interest, or APR, you’re offered on a loan. For example, if you have a perfect credit history, you’re more likely to get one of the cheaper loans on the market. If your credit rating isn’t so good, you may still be able to borrow money, but it’ll usually be at a higher interest rate.

People have poor credit histories for lots of different reasons. You could have defaulted on a loan payment in the past, have arrears or CCJs, or you may have no history of managing credit at all. However, this doesn’t necessarily mean you can’t get a good deal on a loan.

We cater for all different types of credit ratings. Even if you’ve been rejected by other lenders, we’ll do our best to find you a good deal on a loan.

What’s a homeowner loan?

Also known as a secured loan, a homeowner loan is secured against your property. This means you’ll only be eligible for one if you own your own home or have a mortgage. A homeowner loan is generally for a larger amount of money compared to other types of loans, and you can usually borrow over a longer period too.

  • Borrow £10,000 to £250,000
  • Available over 3 to 30 years
  • We compare 100s of loans with competitive rates

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.

What’s a personal loan?

Personal loans are also known as unsecured loans, and aren’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.

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.

Sorry but we don't offer loans of more than £250,000

Estimated monthly payments:

Based on your loan request you could be suitable for an

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Representative Example If you borrow £29,000 over 13 years at an annual interest rate of 7.8% (variable) you would make 156 payments of £331.76 per month. The total amount of credit will be £22,754.56. The total amount repayable will be £51,754.56 (this includes an average Lender fee of £495 & Broker fee of £2,975). The overall cost for comparison is 10.4% APRC Representative. Subject to status, the actual rate will depend on your circumstances.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Representative Example: If you borrow £500 over 12 months at an annual interest rate of 53.58% (fixed), Representative 68.7% APR, you would pay £58.74 per month. The total amount repayable will be £704.88

Sorry, we don't offer loans for

We offer Ocean Personal Loans from £100 to £5,000 and Ocean Homeowner Loans from £10,000 to £250,000

Sorry we can't help with this loan amount / term

Ocean Personal Loans (£100 - £5,000) are available between 3-36 months only

Ocean Homeowner Loans (£10,000 - £250,000) are available between 3-30 years only