Ocean Finance Loans Info (Broker) | www.oceanfinance.co.uk

Ocean Finance

Ocean Finance is one of Manchester’s leading broker services that has been in operation since 1991. To date they have helped over 250,000 people across the UK. This is the main trading brand of Intelligent Lending Ltd (part of The ThinkMoney Group) that is served from www.oceanfinance.co.uk. Most people will associate this company with homeowner loans, although they do also have an unsecured solution and more recently they have released an affinity Credit Card in partnership with Capital One. You may have seen the recent TV ads promoting this product. It was interesting to learn that the Ocean personal loans are provided by R Raphael & Sons. We aren’t aware of any other brokers working directly with them.

Between £2000 and £5000 can be applied for on repayments ranging from 2 to 4 years. The interest rate is pitched at 49.9% that is reasonable since no guarantor is required and a low score may be considered. They do take applications securely through www.oceanfinance.co.uk. The homeowner solution heads as high as £150,000 up to 25 years. Its lowest APR is 7.3%, but you will commonly pay 15.3% or more with a low score. A panel of lenders are used for this secured option, with no such named partners this time. If you are interested in their credit card, then you can also apply for this through the site.

It shares all of the matched specs of Capital One’s Classic and so the interest is set at 34.9%. The support team here can be reached during working days only. The listed times are Monday to Thursday from 9am to 8pm and they close a little early on Fridays at 5.30pm. What we like about the Ocean finance loans is the partnership with R Raphael & Sons who are a trusted name in the industry and the rate provided compares well. If you don’t quite make the grade for this then they may push their credit card on to you whereby Capital One would likely trim the limit to a few hundred pounds.