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Ocean Finance Loans | www.oceanfinance.co.uk Reviews

Ocean Finance Loans

About Ocean Finance

Ocean Finance was established in 1991 by Paul Newey who these days is known for competing in high stakes poker tournaments. Ocean’s mainstream advertising across the 90s helped them to become a key introducer for loans and mortgages. The secured loan market was their area of expertise where they soon become the leading player. This was a business that however suffered greatly during the 2008 financial crisis. An acquisition from the Think Money Group would follow in 2012. This deal made great sense with each business operating from Manchester. In recent years, progress has been consistent at www.oceanfinance.co.uk. They have now helped more than 250,000 people and are attracting more visitors than any rival loan introducers nationwide.

This company does extend across varied markets including credit cards, insurance, loans (secured & unsecured), mortgages. Their credit card works on an affinity basis through Capital One. With personal loan leads it is stated that they match 1000+ customers daily. Here they offer £100 to £10,000 across 3 to 60 months. APR is displayed at 49.9% with a variable span of 24.8% to 1325%. Around 70% of applicants are considered as being eligible. They use a large panel, yet don’t highlight specific partners. We believe they historically had an exclusive relationship with R Raphael & Sons. This broker is Feefo listed and scores at 96% with 1000+ reviews over 12 months (3000+ since joining).

Company Details

Address: Think Park, Mosley Road, Trafford Park, Manchester, M17 1FQ

Brand: Ocean Finance (aka: OceanFinance)

Company: Intelligent Lending Ltd (subsidiary of TMG Holdings 2 Ltd)

Contact (📧): contactus@oceanfinance.co.uk

Contact (☎): 0161 672 7575

FCA Licence: 310069

Launched: 1991

Niche: Affinity credit cards | Loan broker for instalment, personal

Opening Hours: Mon/Thu (9am-8pm), Fri (9am-5.30pm)

Related Brands: ThinkMoney

Site Address: www.oceanfinance.co.uk

Site Rank (Alexa UK): #12,735

Product Specs

Amounts Available: £100 to £10,000 (Homeowners: £10,000 to £100,000)

Late Payment Fee: Set by lender

Login Provided: No

Pricing: Set by lender. Variable. Representative 49.9% APR

Repayment Terms: 3 to 60 months (Homeowners: 3 to 25 years)

Review Feedback

Feefo: 96% (1000+ count in 12m)

Reviews: Not listed

Trustpilot: 54% (10+ count)

Rivals & Similar Brokers Like Ocean Finance

When viewing the site you”ll spot Ocean’s credit card. This is branded for them, but doesn’t come with added benefits. Its rate is set at 39.9% APR, but do note that if you head directly to their lender (Capital One) then you’ll find a lower direct rate of 34.9%. Aspire Money has historically been a major rival here, although their performance has dropped off. As it stands, the closest ranked broker is Little Loans. Their Alexa rank was around 20.3k that is still some way off 12.7k. Little is part of Chester-based Digitonomy and then you also have another notable performer Light Finance from TFLI who are based in Macclesfield. This highlights the level of North West dominance in subprime matching.

Last Check @ www.oceanfinance.co.uk: July 5th, 2019

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