Find low-cost loans with Ocean Finance

If you’ve applied for loans on the high street and have been rejected, you might think low-cost loans aren’t available to you. But that’s not necessarily true.

If you’ve missed payments in the past, have CCJs or arrears, lenders may see you as more of a risk to lend to. However, we still may be able to help you find a low-cost loan.

We specialise in assisting people with poor credit ratings, and can help you find the best low-cost loans for bad credit. Whether you’re looking to make some changes to your home, to make a big purchase, or even to consolidate your existing debts, we may be able to help. Get a low-cost loan quote today.

We offer two types of loan – homeowner and personal:

Homeowner loans

A homeowner loan is secured against your property, which 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 large amount of money, and you can usually borrow over a long period too.

  • Borrow £10,000 to £100,000
  • Available over 3 to 25 years
  • We compare 100s of loans with competitive rates

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 fee of 10% 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

Personal loans aren’t secured against your property, so you don’t need to own your own home to be eligible.

  • Borrow £100 to £10,000
  • Available over 3 months to 5 years
  • Use for almost any purpose

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.

How do I get low interest rate loans?

What determines a low interest rate at any given time will depend on the loans market and your personal circumstances. Generally, the interest rate will be affected by the current Bank of England base rate, the availability of credit in the market and the demand for loans at any given time.

Your individual circumstances also play a big part in the rate you’re offered. Low interest rate loans for someone with a perfect credit history are likely to be more accessible/cheaper than a loan for a borrower with a less-than-perfect credit history.

Here at Ocean Finance, we have specific loans to help people with different credit histories. We have low-cost loans for people with good and fair credit histories and we also have access to loans designed for people with bad credit ratings, so let us help you get a low-cost loan today.

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 £25,515 over 10 years at an annual interest rate of 6.5% (variable) you would make 120 payments of £329.03 per month. The total amount of credit will be £28,985. The total amount repayable will be £39,483.60 (this includes an average Lender fee of £495 & Broker fee of £2,975). The overall cost for comparison is 9.9% APRC Representative. Subject to status, the actual rate will depend on your circumstances.

Warning: Late repayment can cause you serious money problems. For help, go to

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

Sorry, we don't offer loans for

We offer Ocean Personal Loans from £100 to £10,000 and Ocean Homeowner Loans from £10,000 to £100,000

Sorry we can't help with this loan amount / term

Ocean Personal Loans (£100 - £10,000) are available between 3-60 months only

Ocean Homeowner Loans (£10,000 - £100,000) are available between 3-25 years only