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 £1,000 to £5,000 with a personal loan from Ocean, 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 £1,000 to £5,000
  • Available over 1 to 4 years

Unsecured loans : 44.9% APR Representative. Ocean is part of Intelligent Lending Limited. We are a broker for the Ocean personal loan. R Raphael & Sons Plc are the lender. We will not charge you for arranging your personal loan but, if your application completes, the lender will pay us for our services.

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.

Representative Example
If you borrow £3,000 over 36 months at an annual interest rate of 37.7% (fixed), Representative 44.9% APR, you would pay £140.27 per month. The total amount repayable will be £5,049.72.

Sorry, we don't offer loans for

We offer Ocean Personal Loans from £1,000 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 (£1,000 - £5,000) are available between 1-4 years only

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