Homeowner loans

Start from £10,000 - £250,000
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Get help from a UK loan company

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, Ocean could help.

We offer two different types of loan:

Homeowner Loans

A homeowner loan, or a 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. This means that if you fail to meet your repayments, your home 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.

Personal Loans

You don’t have to be a homeowner to be eligible for a personal loan, also known as an unsecured loan, as it isn’t secured against your property.

They’re usually for smaller amounts too – £2,000 to £5,000 – and can be repaid over 2 to 4 years.

Need a loan but have bad credit?

Getting 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 ratings with our bad credit loans.

Whether you’ve missed payments in the past, have a CCJ, or are in arrears, we could help. You may even have a poor credit history because you’ve never 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 loan deals.

If you’ve had problems with credit before, you may stand a better chance of being accepted for a homeowner loan than an unsecured loan, as lenders have the extra security of knowing that the loan is secured against your property. Of course that also means that your home is at risk if you don’t keep up your repayments.

Debt consolidation loans

If you’re finding making lots of payments towards lots of different debts a struggle each month, you could use an Ocean personal or homeowner loan to pay off all your existing credit cards, overdrafts and unsecured loans, and replace them with just one manageable monthly repayment.

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.

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What else does Ocean offer?


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 if we can help, we will.

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Credit Card

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.

  • Get up to £1,500 credit
  • No annual fees
  • May help boost your credit rating*
  • 34.9% APR representative (variable)

* 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, which should be reflected in your credit rating. Not doing so could harm it.

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Why choose Ocean?

We’re dedicated to finding people the best deal on a loan. We’ll look at your application on an individual basis, as we know that everyone’s circumstances are different, and we’ll do our very best to find you a great rate.

  • Quick and easy application
  • No up-front fees
  • Getting a quote won’t affect your credit rating
  • We may be able to help if you’re self-employed


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)