Ocean can help you find a great deal on a loan. We have over 20 years’ experience helping people find the right personal and homeowner loans, and we could do the same for you.
If you’re looking for a loan to make a big purchase, to make some home improvements or perhaps you’re looking to consolidate your debts, we could help – our loans can be used for almost any purpose.
We offer two different types of loan:
A homeowner, or secured loan, as they’re also known, are only available to people who own their own property. This is because the loan is secured against your home. So, if you fail to meet your repayments, it could be at risk.
Homeowner loans are usually for large amounts of money - £10,000 to £250,000 – and can be repaid over 3 to 30 years depending on your individual circumstances.
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.
For a personal loan, or an unsecured loan as they’re also called, you don’t have to be a homeowner to be eligible, as it isn’t secured against your property.
They’re usually for smaller amounts of money compared to a homeowner loan - £100 to £5,000 - and they can be repaid 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.
We could help you find a mortgage – tell us how much you need to borrow, and we’ll find you the best deals we can offer from our panel of lenders.
Even if you’ve got a bad credit history (such as missed payments in the past), we’ve access to a wide range of mortgage deals, so we’ll do everything we can to find you a deal.
Find out more about our mortgages
The Ocean credit card comes with an easy to manage credit limit, and, if your credit rating isn’t 100%, it can help you rebuild it.
*By meeting your minimum monthly repayments on time, and staying within your credit limit, you’ll be showing lenders that you can borrow money responsibly. This should be reflected in your credit score. Not doing so could harm it.
Find out more about the Ocean Credit Card
Know if you're accepted before you apply with QuickCheck
Check NowGetting a loan when your credit history isn’t 100% can seem like a bit of a challenge. But it doesn’t have to be. In fact, we specialise in helping people with poor credit find a bad credit loan – and we can do the same for you.
Whether you’ve missed payments in the past, have a CCJ or are in arrears, we could help. You may even have a bad credit rating because you haven’t borrowed before, so lenders can’t see how you’ve managed money in the past. Whatever the reason, we specialise in finding you the best deal.
If you’ve had problems with credit before, you may stand a better chance of being accepted for a homeowner loan rather than a personal loan. That’s because lenders have the extra security of knowing that the loan is secured against your property. However, that does mean that your home may be at risk if you fail to meet your repayments.
Yes. If you’re finding making lots of payments towards lots of different debts a struggle each month, you could use an Ocean homeowner or personal loan to pay off all of your existing credit cards, overdrafts and unsecured loans and replace them with just one affordable monthly payment instead.
Please bear in mind that consolidating your debts with a loan could increase the amount of interest you pay in total as you’ll be paying it back over a longer period of time.
We’ve helped hundreds of thousands of people find the right loan, and we can help you too.
Confused by the term adverse credit? Find out what this means and how to turn your credit history around.
Confused by the term APR? Don’t panic – we’ll take you through all you need to know.
Can you take out a loan if you have a bad credit history? Well, it all depends on how bad it is – and whether it’s a good idea. Find out more here.
