Personal loans

Start from

£2,000 - £5,000

  • Easy to apply
  • Loans available from 2-4 years
  • Quick decisions
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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 unsecured loan you need, even if you have a bad credit history.

  • Quick & simple application
  • Instant decision in all cases
  • New car to home improvements, we could help
  • Borrow from £2,000 to £5,000

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



Excellent response also very wee prrsented


Friendly and efficient. Kept me up to date at every stage of the process.


Ocean Finance were fantastic and so helpful with my application. I was having issues with prof of authority from my mortgage company and they handled everything with ease, making it easy for me. All the staff were incredibly polite and I don't think they could have done anything better. Thank you and I would recommend Ocean to anyone.

49.9% 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. '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?

Unsecured personal loans are generally for small-to-medium amounts (between £2,000 and £5,000) and repaid over two to four 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, 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.

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.

Other types of loan we offer?

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 469 reviews left by Ocean Finance customers (as of Nov, 2015)