Looking for a secured loan? Check your eligibility in 60 seconds, without impacting your credit score
- Borrow £10,000 to £100,000
- We compare 100s of secured loans
- We'll find you the best deal
We have helped people with rates from 4.3% APRC to 26.6% APRC.
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 with bad credit may be easier to obtain than other types of borrowing if your credit score isn’t perfect. That’s because the lender has the extra security of the loan being secured against your home. Use our secured loan calculator to enter the secured loan rate and see what the potential monthly payments will be to make sure you can meet the repayments. Keeping up with your repayments could also help you to improve your credit score over time.
Click the button below to see if you’ll be accepted for a secured loan before you apply today.
Homeowner loans are secured against your property. We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. A fee of 10% of the net loan amount, set at a minimum of £995 and capped at a maximum of £3995 is payable upon completion and can be added to your loan.
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 score?
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