Loan Calculator

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

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Whatever you need a loan for – whether you’re looking to make a big purchase, spruce up your living room with some home improvements, or to consolidate your debts – Ocean 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 every month. Use our quick calculator to get an estimate of how much your payments 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 find you the best deal.

Homeowner loans

Start from £10,000 - £250,000
  • Check if you'll be accepted before you apply
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  • We compare 100s of loans with competitive rates
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What types of loan does Ocean offer?

Ocean offer two different types of loans – homeowner loans and personal loans.

A homeowner loan, or a secured loan as they’re also known, is secured against your property, which means you need to own your own home to be eligible for one. Homeowner loans are usually for £10,000 to £250,000, with a repayment period of 3 to 30 years. With secured loans, your property is at risk if you don’t keep up with the repayments.

You don’t have to own your home to be eligible for a personal loan, and they’re usually for smaller amounts than a homeowner loan – around £2,000 to £5,000. The repayment period is usually shorter too – from 2 to 4 years, depending on how much you borrow.

What can I take a loan out for?

We help people find loans for lots of different things. Perhaps you want to add a conservatory onto your home, or want to buy a new car, an Ocean loan could help. You could also take a loan out to consolidate your existing unsecured debts, leaving with you with just one, more affordable repayment each month.

Why Ocean?

Just enter a few details into our calculator and we’ll provide you with a quote straight away.

  • We’ll look at every case individually, so even if you have CCJs, arrears or a bad credit history, we may be able to help
  • There are no up-front fees to worry about
  • We can help if you’re self-employed
  • Using our calculator won’t affect your credit rating

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENT ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Secured loans: 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.

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.

Based on Feefo.com reviews - 99% of customers who left an Ocean Finance review recommend us with an average rating of 4.9 out of 5 from 528 reviews left by Ocean Finance customers (as of June, 2016)