Apply for a loan online now. Whether you’re looking for a homeowner or personal loan, we could help, and can also help you find online loans for bad credit.
- Find a loan that’s right for you
- Personal and Homeowner loans
- No upfront fees
49.9% APR Representative (variable)
Ocean Finance Online Loans
We’ve helped thousands of people find a great online loan deals, and we can do the same for you. In fact, when you apply for a loan online with us, you can be sure that we’ll help find you the most competitive interest rates for your circumstances.
Whether you’re looking for an online loan to do up your home, to finance a new car, to help fund a wedding, or for debt consolidation, we may be able to assist you. We’ll help you find a loan online swiftly and smoothly, so that you can get on with whatever you need to do.
We may even be able to help if your credit rating isn’t perfect, or if you’ve been rejected by other lenders in the past, by finding you the best online loans for bad credit.
No matter what your needs, you can be sure that our expertise in finding loans online won’t let you down.
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.
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Representative Example: If you borrow £30,300 over 8 years, initially on a fixed rate for 3 years at 5.25% and for the remaining 5 years on the lender's standard variable rate of 4.85%, you would make 36 monthly payments of £429.77 and 60 monthly payments of £425.62. The total amount of credit is £33,630; the total repayable would be £41,008.92 (this includes a Lender fee of £300 and a Broker fee of £3,030). The overall cost for comparison is 8.40% APRC representative. This means 51% or more of customers receive this rate or better.
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
What types of loans are there?
We offer two different types of loan – homeowner and personal.
To take out a homeowner loan, you must own your own home, as it’ll be secured against it. That’s why they’re sometimes called a secured loan. They’re generally for larger amounts of money - £10,000 to £100,000 and are repayable over 3 to 25 years.
You can use our quick loan calculator to see what your estimated repayments will be. You can then do a SmartSearch online to find a loan you’re likely to be accepted for, without affecting your credit rating.
Please remember, because the loan is secured against your home, it could be at risk if you don’t meet your repayments.
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.
Also known as an unsecured loan, they are usually for a smaller amount of money - £100 to £10,000. You can usually repay this over 3 to 60 months, depending on the amount you borrow.
You can apply for a personal loan online. Just tell us how much you want to borrow, for how long, and for what purpose, and we’ll find you a loan.
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.
Why use Ocean Finance?
We work with a panel of lenders who offer a great selection of loan deals. Even if your credit rating isn’t as good as it could be, or other lenders have rejected you, we may be able to help. We look at everyone who applies on a case-by-case basis, and if we can help, we will.
- Quick, easy online application
- No up-front fees
- All credit histories welcome
What’s an APR?
APR stands for Annual Percentage Rate and it shows you how much your borrowing will cost you over an average year, over the term of your borrowing.
It should make it easier for you to compare different loans against each other, as it includes the interests, charges and any other fees involved.
What’s the difference between a homeowner loan and a personal loan?
There are a few differences between a homeowner and personal loan. Firstly, you must own your own home to be eligible for a homeowner loan, which isn’t the case for a personal loan.
Homeowner loans are also for larger 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 repaid over a shorter term – 3 months to 5 years.
Can I get a loan if I have a poor credit rating?
If you have a poor credit rating due to missed payments in the past, CCJs, or other reasons, it can make it more difficult to find a good deal on a loan.
But that doesn’t mean it’s impossible. We have loans designed for people with bad credit ratings. We look at each application individually and we’ll do our best to find you a loan at a great rate.
However, the loan may carry a higher interest rate compared to a loan for someone with a perfect credit history.
What can I use an Ocean Finance loan for?
Whether you want to make some home improvements, consolidate your debts, buy a new car, or even pay university fees, an Ocean loan may be able to help.