Ocean Finance Loans


  • Ocean finance logo
    • Typical APR: 17.9%
    • Min: £3,000
    • Max: £100,000
    • Term: 3 - 25 Years
    • Bad Credit: Yes
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Ocean Finance is one of the most well-known financial brokers in the UK, and the company offers a range of loans for a variety of purposes to its customers. The company works by arranging the loans through many different established financial institutions. The finance companies and banks that Ocean partners will offer you a loan if you qualify, but inquiring will never force you into any obligation to buy.

In particular, Ocean Finance offers a wide variety of loans for people with less than stellar credit. When you choose to use the company to help you hunt down a secured loan, you’ll enjoy the fact that Ocean has access to literally thousands of different lenders, so it can find the perfect plan for you.

Even with less-than-desirable credit, you’ll get highly competitive rates and sometimes you may even get deals and incentives during the loan process. No matter what your financial circumstances are, if you need a loan, Ocean Finance is worth a look.


There’s a lot you can do with a homeowner loan through Ocean Finance. For instance, you can finally get rid of all that high-interest consumer debt you’ve been carrying around for so long. You can consolidate it into one manageable monthly payment, save money, and increase your cash flow in the process. You could also take that family trip you’ve been dreaming of for so long, make over your kitchen, or even buy a new car if the old one’s a clunker.

People with bad credit are also eligible. It’s true that you will be looking at a higher interest rate when you have bad credit, but that comes with the territory. The good news is that Ocean offers some of the lowest rates in the UK. You can apply regardless of whether you have a past bankruptcy on your record, mortgage arrears, or even County Court Judgments.

You can borrow money for any length of time from three to 25 years. You can also borrow any amount from £3,000 to £100,000. You’ll have access to lightning-fast service, and Ocean’s highly experienced customer service representatives are always on standby to help you with any questions or concerns you may have regarding the processing and handling of your loan.

You can choose a fixed loan rate for three years, or you can opt to repay a fixed amount for life of the loan term. Ocean Finance offers very competitive terms on variable rates as well, so make sure to ask about all of the options for your repayment plan when you originate your loan. Other perks include rebates for early loan settlement, help for self-employed people without accounts, and services for retired persons who are actively receiving pension benefits.

Other services offered by Ocean include optional payment protection that kicks in if you suffer from an accident or involuntary unemployment due to an illness. The company even offers optional life cover with some loan packages. Ask for details when you apply for your loan.

When you obtain a personal loan, you can finance as little as £3,000. However, if you are applying for a homeowner loan specifically, you must request an amount from a minimum of £5,000 to a maximum of £100,000. The maximum amount you may borrow is directly related to both the current value of your home and the equity you have amassed in the property.

Quite a few other factors play into the amount of loan you will qualify to receive. For example, your ability to repay and other personal circumstances will be weighed when the loan officer decides upon the maximum loan amount for your offer.

Working with hundreds of top financial institutions truly gives Ocean Finance the edge, and the practice affords the company the ability to provide the lowest rates around for people will less-than-perfect credit in need of a loan that won’t break the bank.

Clients and Customers

To date, Ocean Finance has successfully processed and originated secured loans for greater than 250,000 customers and the feedback and satisfaction rates speak for themselves.

Even though your credit score does not have to be perfect to apply, you still must meet a few criteria in order to qualify for a loan. You need to be permanent UK resident, a homeowner, and you must be gainfully employed. As stated previously, you may be self-employed so long as you have records to prove your income, and if you’re a retiree you need to have a monthly pension at your disposal.

You can apply online, and you will receive a lightning-fast decision about your loan. In addition, you don’t have to sit through a nerve-racking interview process simply to be told “No.” That’s the beauty of Ocean – it’s quick, easy, and it helps you out every step of the way.

Associations and Credentials

Ocean Finance has registration with the Finance Industry Standards Association. The Corporation of Finance Brokers and the Office of Fair Trading license Ocean to operate. The company, known as “Ocean Finance” and “Ocean Mortgages”, respectively, are both trading styles of Ocean Finance and Mortgages Limited.

Ocean Finance is authorized and regulated by the Financial Services Authority. This authorization is expressly for the provision of arranging insurance and mortgage advice. The company is a fully licensed credit broker protected under the Consumer Credit Act 1974.

Interest Rates

When you take out a loan, you’ll pay interest rates from 9.4% to 29.9%. That’s a variable rate, and it’s reserved for secured loans specifically. The average APR of most of the loans is 17.9%.

If you opt for a home remortgage loan, the average interest rate you’ll be paying would be around 8.6%. Although these are general guidelines, your interest rate and loan terms will be dictated by your credit situation, personal circumstances, home value, and employment history, among other factors. Fill out the quote request now to find out more.

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