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  • Big Plus loan

    Borrow from £1,000 – £5,000 and pay it back over 18 to 36 months

    The Big Plus loan from Oakam is designed with a purpose – your longer-term financial needs. As you borrow and pay back successfully with our flagship product, the Oakam Loan, you’ll unlock access to our larger product, the Big Plus loan, bringing with it larger loan amounts over a longer period of time and at a much lower annual interest rate.

    It’s one way we use your real situation and data about your financial behaviour to meet your needs.

    Big Plus loans are only available to existing customers who have a track record of successfully borrowing with Oakam. Qualifying existing customers can apply for a Big Plus loan on the Oakam mobile app. New customers can apply for the Oakam Loan on the website or via the mobile app. You can compare our loans here.

    The Big Plus loan is a longer term commitment so, as with all our loans, we advise you take your time to decide if it’s the right option for you. Rest assured, as a responsible lender, we will always conduct thorough checks on loan applications and only provide loans that we believe are affordable and sustainable.

    Rates and terms

    If you borrowed £1,000 over 18 months, at an annual interest of 105% (fixed, 173.62% APR), you would pay 18 monthly instalments of £112.31. The total charge of credit will be £1021.58 and the total amount payable will be 2021.58. There are no hidden fees or costs with any of our loans.* 

    Our customers love us!

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


    *Rate are 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. All loans are subject to status. Terms and conditions apply.

    Why choose the Big Plus 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 monthly 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 Big Plus Loan

    • You need to be an existing customer to qualify for a Big Plus Loan
    • You need to have successfully repaid an Oakam Loan to qualify.
    • You need to be aged 18 or over to take out a Big Plus Loan.
    • 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.
    • You could qualify for an Big Plus loan if you have an income of at least £700 through salary or self-employment