Ocean Finance

Ocean Finance, a British credit broker for loans, cards and insurance

Ocean Finance is a trading style of Intelligent Lending Limited, a company registered in England and Wales with its registered office at White Collar Factory, 1 Old Street Yard, London. The company presents itself as a credit broker, not a lender: it works with a panel of lenders for loans and with Capital One exclusively for its credit card. It is authorised and regulated by the Financial Conduct Authority (FCA) under number 310069 and states it has 35 years of experience in credit, since 1991.

Credit and finance products

The company's offering is organised into several product lines, with specific amounts and terms published on its website:

• Credit card: eligibility check in 60 seconds and credit limits from £200 to £8,000.
• Personal loans: amounts from £1,000 to £15,000, no collateral needed, with repayment terms of 1 to 5 years.
• Homeowner loans: from £10,000 to £500,000 using the equity in your home, with terms of 3 to 30 years; aimed at home improvements or debt consolidation.
• Car finance: from £3,000 to £50,000 for used cars, no deposit needed, and an eligibility check that does not affect your credit score.
• Business loans: instant access to hundreds of business loans through a partnership with Binq, with specialist lenders and a single application.

The loan offering is complemented by specific types such as homeowner loans, debt consolidation, joint loans, loans for people with bad credit, self-employed loans, CCJ loans and low-cost loans, among others in its catalogue.

Mortgages, remortgages and insurance

In addition to loans, Ocean Finance offers mortgage and remortgage services, including remortgages for customers with bad credit, and an insurance section covering life insurance, car insurance and van insurance. In the motoring section it also offers car and van insurance, and allows you to compare quotes from over 120 UK insurers in minutes.

Comparison tools and advice

The company's website includes calculators and eligibility checkers, such as the loan calculator, the credit card interest calculator and the card eligibility checker. It also publishes informative guides on types of mortgages, mortgage fees, how a mortgage works, how to save for a deposit, how remortgaging works, advantages and disadvantages of a secured loan on a joint mortgage, extending a loan, getting a loan on benefits, difficulty making repayments, car finance with VAT, refinancing a car or insurance for drivers without a licence, among other topics.

Track record and recognition

The company states it has helped over two million people access credit and notes that more than 1.5 million people have been accepted for credit. In terms of ratings, it says it has an exceptional rating on Feefo with over 6,276 reviews. As part of its corporate responsibility work, it supports the non-profit organisation Just One Tree to help remove CO2 and maintain forests.

Business model and regulation

Intelligent Lending Ltd acts as an intermediary and not as a lender, and receives a payment from the lender or broker for its services. The company is registered in England and Wales under number 4291279 and its registered office is at White Collar Factory, 1 Old Street Yard, London, EC1Y 2AS. Ocean and Ocean Finance are trading styles of Intelligent Lending Limited.

Location and contact

White Collar Factory, 1 Old Street Yard, London, EC1Y 2AS