Loans
Loan Company
Ocean Finance 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 find the right loan company for you.
- Personal and Homeowner loans
- No upfront fees
- We may be able to help if you have bad credit
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, we could help – we can assist you in finding a loan company in the UK, and you can use the loan for almost any purpose.
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.
Estimated monthly payments:£0
Based on your loan request, you could be suitable for an
Apply todayRepresentative Example: If you borrow £19,200 over 8 years, initially on a fixed rate for 2 years at 5.39% and for the remaining 6 years on the lender's standard variable rate of 4.99%, you would make 24 monthly payments of £280.36 and 72 monthly payments of £277.16. The total amount of credit is £21,824; the total repayable would be £26,684.16 (this includes a Lender fee of £320 and a Broker fee of £2,304). The overall cost for comparison is 9.04% APRC representative. This means 51% or more of customers receive this rate or better. We have found loans with rates from 2.6% to 26.3% APRC which has allowed us to help customers with a range of credit profiles.
Representative Example: If you borrow £1,800 over 24 months at an annual interest rate of 41.2% (fixed), Representative 49.9% APR, you would pay £111.28 per month. The total amount repayable will be £2670.72
Homeowner Loans
Homeowner loans, or secured loans as they’re also known, are only available from any given loan company 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 £100,000 – and can be repaid over 3 to 25 years depending on your individual circumstances. We can help you find a loan company in the UK to provide you with this type of loan.
Homeowner loans are secured against your property. We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. A broker fee of 12% of the net loan amount, set at a minimum of £995 and capped at a maximum of £3995 is payable upon completion and can be added to your loan. Loans are subject to status, the rate you are offered may change based on your individual circumstances.
Personal loans
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 £10,000 - and they can be repaid over 3 to 60 months. We’ll find you the best personal loan providers based on your individual circumstances.
Unsecured loans: 49.9% APR Representative (variable). 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.
What else do Ocean Finance offer?
Mortgages
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 and loan companies, so we’ll do everything we can to find you a deal.
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.
- Up to £1,500 credit
- No annual fees
- May help boost your credit rating*
39.9% 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. This should be reflected in your credit score. Not doing so could harm it.
Intelligent Lending Ltd (Credit Broker). Capital One is the exclusive lender
Common questions
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 find a bad credit loan by finding the best loan providers for their situation – 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.
Can I use an Ocean loan to consolidate my debts?
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.
Why use Ocean Finance?
We’ve helped hundreds of thousands of people find the right loan/loan companies, and we can help you too.
- We look at every application on a case-by-case basis – even if you have poor credit, we’ll do our best to find you a loan deal from our panel of lenders.
- Over 20 years' experience
- There are no up-front fees
Other types of loans we offer
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