Low-cost loans

Yes, it absolutely could - but only if you stick to the terms of the agreement, and that means meeting all your monthly instalments on time and in full. This will show lenders that you are a reliable borrower. On the flip side, missed or late payments could make your bad credit history even worse. For that reason, it’s important you take out a loan or credit only if you’re certain you can afford the repayments, both now and in the future.

Of course. We will search our panel of lenders to find the best loan you're eligible for. So even if you’ve been rejected for a loan in the past, you could still be accepted through us.
However, remember, lots of hard credit searches in a short space of time show on your credit report and impact your score, so if you’ve only recently been rejected, it might be best to hold off making another application for now.
Through us, you can get a quote and see if you’re likely to be accepted before you apply - without affecting your credit score.

With a homeowner loan, you can borrow much more and over a longer period than with a personal loan. To give you an idea, here at Ocean, you can borrow between £10,000 and £500,000 over 3 to 30 years with a homeowner loan, and between £1,000 and £15,000 over 1 to 5 years with a personal loan.
Another big difference is you must own your home to even be considered for a homeowner loan, and that’s because the loan’s secured against it as collateral. This is why homeowner loans are also known as secured loans.

You can use a loan for just about any lawful purpose. Some common uses include consolidating debts or financing holidays, home improvements, weddings or a new vehicle. Remember to borrow and spend responsibly.