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Secured loans

Looking for a secured loan? Use Ocean’s Smart Search tool to see if you’ll be accepted before you apply.

  • Borrow £10,000 to £250,000
  • We compare over 100 loans to find you the best deal
  • Getting a quote won’t affect your credit rating

See if you'll be accepted without affecting your credit rating

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Figures based on 6.5% APRC as a guide. We have arranged loans with rates from 4.7% APRC to 25% APRC which allows us to help people with a range of credit profiles.

Get a secured loan with Ocean

We’ve helped hundreds of thousands of people find the right loan deal over the last 20 years, and we could do the same for you. Use our quick loan calculator to find out what your monthly payments will approximately be before you apply.

You can then use SmartSearch to see if you’re likely to be accepted or not, without affecting your credit rating.

What is a secured loan?

Also known as a homeowner loan, a secured loan is secured against your property, so they’re only available to people who own their own home. Secured loans from Ocean range from £10,000 to £250,000. The amount you can borrow, for how long and the interest rate you’re offered will depend on the amount of equity you have in your home, as well as your personal circumstances.

Can I get a secured loan if I have bad credit?

Yes, a secured loan could be an option for you if you’ve got a poor credit history. A secured loan may even be easier to obtain than other types of loan if your credit rating isn’t perfect. That’s because the lender has the extra security of the loan being secured against your home. This means you’ll be seen as less of a risk to lend to.

Keeping up with your repayments could also help you to improve your credit rating over time.

Use our SmartSearch to see if you’ll be accepted before you apply today.

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We arrange secured loans from a panel of lenders. We 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.

Don't take our word for it

Feefo logo

Feefo reviews are gathered anonymously from genuine customers. Take a look at some of the comments from people Ocean have helped.

Friendly and helpful
Gave me a quick response no waiting
I had an immediate answer to say I was accepted within 3 days I received my pin (card should be here in next 2 days)
I was reallly pleased on how quickly the card and pin number came through. The only thing i have a problem with i can't get online I have tried several times. I would appreciate if you can send me a link for getting online.
Great service from the word go and still going.

Common questions

Is a secured loan the same as a mortgage?

A mortgage is a type of secured loan, they’re only available to homeowners - you can only get a secured loan if you own your own property.

If you’re not a homeowner, you may be eligible for a personal loan.

How does a secured loan work?

Like all loans, once you have the money, you simply repay your lender in fixed monthly repayments. With a secured loan, your home is used as security against any missed payments. So, if you find you can’t repay the loan, your home could be sold to make up for it. That’s why you should only ever take out a secured loan if you’re confident you’ll be able to pay it back every month.

Will a secured loan damage my credit rating?

No, if you make your repayments on time each month, it could actually help to improve your credit history over time.

That’s because borrowing money and paying it back on time reflects well on your credit history.

What can a secured loan be used for?

A loan from Ocean can be used for almost any purpose – whether it’s for some home improvements, to buy a new car, to consolidate your debts or to help pay school or university fees for your children.

Why choose Ocean?

We’ve helped hundreds of thousands of people find the right secured loan, and we can do the same for you.

  • We look at every application on a case-by-case basis – even if you have bad credit, we’ll do our best to find you a loan
  • Over 20 years' experience
  • There are no up-front fees

Other types of loan we offer