Loans

Borrow from £1,000 up to £500,000

Find homeowner and personal loans with Ocean. We use a panel of lenders to find a loan for almost any purpose. We may even be able to help if you've got bad credit.

    No impact on your credit score

    Our loans

    Personal loans

    • Instant online decision
    • All credit histories welcome
    • No upfront fees

    Secured loans

    • Check if you'll be accepted before you apply
    • Getting a quote won’t affect your credit score
    • We compare 100s of loans with competitive rates

    Debt Consolidation Loans

    Replace some or all of your existing monthly outgoings on debt with a single monthly repayment.

    Bad Credit Loans

    If you have a poor credit score, we could still be able to help you find a loan that suits your personal circumstances.

    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. Any quote is inclusive of the Broker Fee and all associated costs which is calculated as 12% of the net loan amount, capped at a maximum of £4,995. Loans are subject to status, and the rate you are offered may change based on your individual circumstances. 12.4% APRC Representative.

    Personal loans are unsecured. Ocean Finance is a trading style of Intelligent Lending Limited. We are a credit broker working with a panel of lenders to find you a personal loan. We receive commission upon completion. A Broker Fee is not payable. 61.94% APR Representative (fixed).

    What is a loan?

    A loan is a sum of money you borrow from a lender. Different types of loans are available for different needs and personal circumstances.

    Depending on the type of loan (e.g., secured loan or person loan) you choose, your monthly repayments will be based on factors such as the interest rate applied, how much you borrow, and for how long.

    How to get a loan online

    The process of getting a loan online will vary slightly from lender to lender, but with us it’s super straightforward and looks like this:

    1. Click 'Get a quote' and select a loan type at the top of the page  
    2. Complete our quick and easy form
    3. We’ll find the best rate you're eligible for from our panel of lenders - without affecting your credit score

    What can a loan be used for? 

    Across the market, there are a wide range of loans available, each designed to meet different borrowing needs. Below are just some of the more common uses for them. 

    Buying a car
    Car finance can make it possible for someone to purchase a car they may otherwise not be able to afford. Different finance options are available to suit varying circumstances.

    Debt consolidation
    Use a loan to pay off all or some of your existing debts and then manage one single monthly payment instead. Remember that consolidating debt may mean extending the term of your borrowing and paying more interest overall.  

    Home renovations
    You can use a home improvement loan to pay for renovating your property – you might even increase your home’s value in the process

    Other large purchases
    Loans can be used for multiple purposes, including large or unexpected purchases. It’s important to remember that any agreed payments need to be maintained throughout the course of the loan.

    Buying a car

    Car finance can make it possible for someone to purchase a car they may otherwise not be able to afford. Different finance options are available to suit varying circumstances.

    Debt consolidation

    Use a loan to pay off all or some of your existing debts and then manage one single monthly payment instead. Remember that consolidating debt may mean extending the term of your borrowing and paying more interest overall.  

    Home renovations

    You can use a home improvement loan to pay for renovating your property – you might even increase your home’s value in the process

    Other large purchases

    Loans can be used for multiple purposes, including large or unexpected purchases. It’s important to remember that any agreed payments need to be maintained throughout the course of the loan.

    What are the differences between homeowner loans and personal loans?

    Homeowner loans 

    • Your home is used as collateral

    • Potentially lower interest rates

    • Spread repayments over a longer period of up to 30 years

    • More likely to be accepted, as using home for collateral

    Personal loans

    • No collateral required

    • Wider range of interest rates

    • Shorter payment periods typically between 12 months and 5 years

    • Faster application process

    Read our guide to learn more about the differences between homeowner loans and personal loans.

    Adele Kitchen

    "Loans can meet various financial needs, but it’s important to borrow only what you can afford to repay. Before taking out a loan, consider how much you need it and how likely you are to be able to keep up with repayments over the full term."

    Adele Kitchen, Personal Finance Writer

    Need help with debt?

    Life can take an unexpected twist when we least expect it. If you're struggling with debt, talk to your lender straight away to see if there’s anything they can do to help. For more information and free, impartial advice, get in touch with:

    Citizens Advice

    National Debtline

    MoneyHelper

    StepChange

    • Santander
    • M&S Bank
    • Shawbrook
    • My Community Finance
    • Lendable
    • Pepper Money
    • Plata
    • Finio
    • Bamboo
    • 118 118 Money
    • Oakbrook Loans
    • Everyday Loans
    Compare loans

    Checking won’t harm your credit score

    Over 25 lenders across the UK

    Choice – 100s of loans

    Speedy – response in seconds

    Compare – see your matches

    • Santander
    • M&S Bank
    • Shawbrook
    • My Community Finance
    • Lendable
    • Pepper Money
    • Plata
    • Finio
    • Bamboo
    • 118 118 Money
    • Oakbrook Loans
    • Everyday Loans
    Compare loans

    Checking won’t harm your credit score

    Compare loans

    Checking won’t harm your credit score

    How could we help you?

    Ocean has provided access to loans, credit cards and mortgages to people across the UK since 1991. In this time, we’ve pre-approved more than a million people, offering products and advice to suit their circumstances.

    • All credit histories considered
    • Check your eligibility without affecting your credit score
    • Save time finding the right loan deal

    You can learn more about Ocean on our about us page.

     More than 250,000 people have found a secured loan through us

    Written by: Zubin Kavarana

    Edited by: Josephine Haagen

    Reviewed by: Matt Waller

    Last updated

    tick shield icon

    Fact-checked

    This page has been reviewed to ensure it is accurate and compliant with FCA guidelines.

    For more information on our fact-checking process, read our editorial policy.