Personal loans

Start from

£2,000 - £5,000

Get A Quote

Homeowner loans

Start from

£10,000 - £150,000

Get A Quote


Secured loans : Rates start from 7.3% APR. We also offer a range of products with rates up to 26% APR, which allows us to help people with a range of credit profiles. 15.3% APR typical variable.

Unsecured loans : 49.9% APR Representative

Don’t let bad credit stop you from getting a loan!

You may have a poor credit history because you’ve previously defaulted on a loan, missed credit card payments, have mortgage arrears or a CCJ against your name, but it doesn’t necessarily mean you can’t get a good deal on a loan. In fact, Ocean specialise in finding loans for people with a poor credit history.

If you’re accepted for a loan, paying it back on time each month can actually help you rebuild your credit history, as it shows lenders that you can borrow money responsibly, which should be reflected in your credit report.

Loans for debt consolidation

As long as your finances are in good shape now, a debt consolidation loan could help you simplify your repayments. You can use the loan to pay off your existing debts, so you’re left with just one manageable monthly repayment, instead of lots of smaller ones. It may mean that you’re repaying for longer and you may also pay more interest overall.

What types of poor credit loans are available?

There are two different types of loan that you may be eligible for – a homeowner loan, or a personal loan.

A homeowner loan, or a secured loan as they’re sometimes called, is secured against your property, so you have to own your own home to be eligible. They’re generally for larger amounts of money (around £10,000 to £150,000) and the repayment period ranges from 5 to 25 years. Because they are secured against your property your home may be at risk if you don’t keep up the repayments.

A personal loan, or an unsecured loan isn’t secured against property, so you don’t have to own your own property. Compared to homeowner loans, they’re usually for smaller amounts (£2,000 to £5,000) and the repayment period is shorter too – usually 2 to 4 years, depending on how much you borrow.

Why Ocean

We’ve helped hundreds of thousands of people achieve their goals, and we could do the same for you, by finding you a great loan deal.

Getting a quote is really easy – use our simple loan calculator and we’ll be able to give you an immediate idea of how much your monthly repayments will be.

  • We look at every application on a case by case basis – even if you have a poor credit history, we may still be able to help
  • Getting a quote won’t affect your credit rating
  • There are no up-front fees to worry about
  • We may be able to help if you’re self-employed

15.3% APR typical variable. 2 out of 3 customers will receive this rate or lower. Ocean Finance arranges secured loans from a panel of lenders. Ocean will receive a commission from the lender upon completion. A fee of 12.5% of the net loan amount, capped at £2975, is payable upon completion. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Unsecured loans 49.9% APR Representative. 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.

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)