Personal loans

Coming soon...

An Ocean personal loan could cost you less...

It doesn't have to be hard for you to find the right personal loan. Let Ocean Finance make your life easier – with a fast, friendly, flexible service that could help you get the loan you need.

  • Quick & simple application
  • Instant decision in most cases
  • New car to home improvements, we could help

Independent customer feedback

All Feefo reviews are gathered anonymously from genuine customers. Take a look at these comments from people we've helped.


of our customers are pleased with our service


28 Hour(s) ago

I was very impressed with the customer service.


Advisers were very helpful and explained everything to us especially Gabriel


Very good communications, kept me updated.

24.9% APR Representative

Ocean is part of Intelligent Lending Limited.

Common questions

Is a personal loan secured or unsecured?

All our personal loans are unsecured. 'Unsecured' means they're not secured against property - so you don't have to be a homeowner to apply and your home is not at risk if you ever find you are not in a position to keep your repayments.

Secured personal loans are available, these are more commonly known as homeowner loans or just secured loans.

How is a personal loan different to a homeowner loan?

Personal loans are generally for small-to-medium amounts (between £1,000 and £15,000) and repaid over one to five years. Homeowner loans can be much larger (between £5,000 and £200,000), and the repayment periods can be much longer (up to 25 years).

However, as the name suggests, you can only apply for a homeowner loan if you own your home - which isn't the case with a personal loan.

If you are a homeowner, you may be able to choose between a personal loan or a homeowner loan. The choice is up to you, but you may stand a better chance of being accepted for a homeowner loan, especially if you have a less-than-perfect credit rating. This is because your lender has more security knowing you are more likely to make your repayments as your property is at risk if you don't.

Can I get a personal loan if I have bad credit or I've missed payments in the past?

If your credit rating isn't perfect, it can make it harder to get a loan - but it doesn't mean it'll be impossible. A lender may simply offer you a higher interest rate than they would if you had a really good credit score.

Even so, you might find there are more options available to you if you look for a homeowner loan (as long as you own your home). And it is always important to remember that your home is at risk if you do not keep up repayments on any loan secured against it.

Are personal loans cheaper than homeowner loans?

Homeowner loans often have a lower APR - but they are also often over a longer term, so you could pay more by the time your loan has finished. And, of course, you always need to remember that your home is at risk if you do not keep up repayments on any loan secured against it.

24.9% Representative APR

Ocean is part of Intelligent Lending Limited. We are a broker and offer personal loans from just one provider, Moneyway. They pay us commission when you receive your money, but we never charge you a penny for arranging your loan.

Other types of loan we offer?