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  • Oakam loan

    Get started on the road to financial security

    Borrow from £100 – £1750 and pay it back over 6 to 12 months with the Oakam Loan

    The Oakam loan is designed to give us the best chance at approving your application and providing you with cash fast. It’s there when you need it, but it also grows into something much bigger.

    As we see that you’re paying back your Oakam loan and making your weekly repayments on time, you’ll be able to top up your initial loan to access more money if you need it. It’s our way of recognising reliable borrowers and using data about your repayment behaviour to increase the amount of credit you can access.

    For first time customers, we can offer up to £800 as an Oakam Loan to be paid back over 6 months. As you repay and apply for top ups to your initial loan, we can increase your total loan amount up to £1,750 and offer longer terms, up to 12 months.

    If you need to borrow more in the future, you can graduate from an Oakam Loan to our bigger loan product. We call it the Big+ loan. This lets you borrow up to £5,000 over 6, 12, 18, 24 or 36 months. For a full breakdown of the different loans we offer see our loan comparison tool.

    Oakam Loan – rates and terms

    Example:  If you borrow £300 over 6 months at 279% per annum (fixed) you would make one repayment of £17.06 and 25 weekly repayments of £21.66. You would repay £558.56 in total. There are no additional fees associated with any of our loans. Representative APR 1427.2%.

    This rate is subject to change and the representative APR may not be the rate you’ll receive. Your actual rates and repayments may differ and will be based on your personal circumstances, the loan amount and term. For an Oakam Loan the APR you could receive ranges between Min APR 223%, Max APR 1427.2%. All loans are subject to status. Terms and conditions apply.

    Our customers love us!

    90% of our customers rated our customer service 4/7 or 5/5. Listen to what they have to say about our customer service or read independent customer reviews on TrustPilot.

    Why choose the Oakam Loan?


    Top-up your loan

    You can top-up your loan on the phone, or by using Oakam’s award-winning app.


    Flexible repayment plan

    You can pick from a weekly or 2-weekly payment plan.


    Build your credit history

    Making on-time repayments may help to improve your credit score over time as we report your repayment behaviour back to credit reference agencies.


    No late or early settlement fees

    We do not charge late fees for missed payments, nor do we charge if you decide to settle your loan early. (Missed payments will adversely affect your credit rating).


    Same day loan

    In most cases if approved, you will receive the funds on the same day.


    Earn better pricing over time

    We reward good repayment behaviour by offering cheaper interest rates for future loans.

    Qualifying for a Oakam Loan

    • Age requirement
    • You need to be aged 18 or over to take out an Oakam Loan.
    • UK residency requirement
    • Are you new to the UK? You could qualify for an Oakam loan if you’ve been in the UK for at least 6 months.
    • Income requirement
    • You could qualify for an Oakam loan if you have an income of at least £400.
    • Types of income
    • Are you on benefits? You could qualify for an Oakam loan as long as you meet the minimum income requirement of £400 per month.