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Low-cost Loans

Looking for a low-cost loan? We can help you find the best deal on a homeowner or personal loan. Get a quote now.

  • Homeowner and personal loans
  • Loans for almost any purpose
  • No upfront fees
Did you know we can offer personal loans from £100-10k and homeowner loans for £10k-£100k?
Are you a homeowner?
You can also borrow this amount as a homeowner loan, available over 3 to 25 years. Would you prefer this?

Unsecured loans:
49.9%
APR Representative (variable)
Homeowner loans: We have helped people with rates from 4.3% APRC to 26.6% APRC.

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.


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

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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

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

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.

Common questions

Can a low-cost loan help me rebuild my credit history?

Yes, low-cost loans for bad credit can be very effective in this way. If you’re accepted for a loan and meet your repayments on time every month, you could start to rebuild your credit rating.

As you’ll be demonstrating to lenders that you can borrow and pay back money responsibly, your credit history should reflect this.

Please remember though that failure to pay on time or missing payments can have an adverse effect on your credit file.

For more information read our guide to rebuilding your credit history.

I’ve been rejected by other lenders in the past, can I still apply?

Yes, we may still be able to help, even if other lenders have rejected you in the past. We have loans designed for people with poor credit ratings.

We look at each application on a case by case basis, and we’ll do everything we can to find a loan that’s right for your circumstances.

What’s the difference between a homeowner loan and a personal loan?

The main difference is that you need to be a homeowner to be eligible for a homeowner loan. This isn’t the case with a personal loan.

Homeowner loans are for large amounts of money (£10,000 to £100,000) and they can be repaid over 3 to 25 years. Personal loans are for smaller amounts (£100 to £10,000) and need to be repaid over a shorter term – 3 to 60 months.

What can I use a loan for?

An loan can be used for almost any purpose. Whether you need to do some DIY in your home, buy a new car, or even pay for school or university fees for your kids.

Why use Ocean Finance?

Searching for a loan with Ocean is really quick and simple.

  • Personal loans from £100 to £10,000
  • Homeowner loans from £10,000 to £100,000
  • We consider all circumstances, including CCJs, mortgage arrears, defaults and adverse credit ratings
  • No up-front fees

Other types of loans we offer