Personal loans

Start from

£2,000 - £5,000

  • Easy to apply
  • Loans available from 2-4 years
  • Quick decisions
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Personal Loans from Ocean

Find a great deal on a personal loan with Ocean.

  • Quick and simple online application
  • Instant decision in all cases
  • We could help you if you've got adverse credit
  • Borrow from £2,000 to £5,000

Whether you need a personal loan to make some home improvements, to consolidate your debts, or just about anything else, get a free quote today.

What’s a personal loan?

Also known as an unsecured loan, a personal loan is not secured against your property, so you don’t have to own your own home to be eligible for one.

Ocean unsecured personal loans range from £2,000 to £5,000 – the amount you can borrow, for how long, and the interest rate will depend on your personal circumstances, including your credit rating.

Can I consolidate my debts with a personal loan?

Yes, you can consolidate your debts with a personal loan. If you’re repaying multiple debts each month and are finding it a bit of a struggle, you could use a personal loan to pay off these debts, leaving you with just one manageable monthly repayment.

Bear in mind that because you’ll be repaying your debts back over a longer time period, you may end up paying more overall.

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Independant customer feedback

Overall pleased with the service, the second operator we dealt was amazing all the way through. Not 5 star as there was a lot of repetition of things which could've been resolved if different Ocean colleagues communicated more effectively. Read more

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44.9% APR Representative

Subject to status. The rate we offer you will depend on your circumstances.

Ocean is part of Intelligent Lending Limited. We are a broker for the Ocean personal loan. R Raphael & Sons Plc are the lender. We will not charge you for arranging your personal loan but, if your application completes, the lender will pay us for our services.

Common questions

Is a personal loan secured or unsecured?

All our personal loans are unsecured. This means that they’re not secured against property, so you don’t have to be a homeowner to apply for one and your home won’t be at risk if you ever find you’re not in a position to keep up with your repayments.

Secured homeowner loans are available, which you can find out more about here.

How is a personal loan different to a homeowner loan?

An unsecured personal loan is generally for a smaller amount of money – between £2,000 and £5,000 – and they can be repaid over 2 to 4 years. Homeowner loans can be for much larger amounts of money – between £10,000 and £250,000 – and they can be repaid over a longer term too, usually 3 to 30 years.

As the name suggests, you need to be a homeowner to be eligible for a homeowner loan, which isn’t the case with a personal loan.

If you’re a homeowner, you may be able to choose between a personal loan and a homeowner loan. The choice is yours, however, you may stand a better chance of being accepted for a homeowner loan, especially if your credit rating isn’t perfect. This is because lenders have more security knowing you’re more likely to make your repayments as your property could be at risk if you don’t.

Can I get an unsecured personal loan if 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, as Ocean could consider you for a bad credit loan. Remember, this may carry a higher interest rate than a loan for someone with 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.

Is a homeowner loan cheaper than a personal loan?

Homeowner loans usually do come with a lower APR, which means you’ll pay a lower rate of interest, but they’re also usually repaid over a longer time period than a personal loan, so you could pay more interest overall by the time you’ve paid it all off.

Based on reviews - 99% of customers who left an Ocean Finance review recommend us with an average rating of 4.9 out of 5 from 553 reviews left by Ocean Finance customers (as of November, 2016)