Loan rates & prices

We at Oakam offer two different loans: The Oakam Loan and The Lift Loan. The pricing for the two loans differ as they offer different loan terms and availability of each product depends on your personal circumstances. The Oakam loan can be taken out for 3, 6 or 12 months, and the Lift Loan can be taken out for 12, 24, or 36 months.

To compare the charges for the two loans have a look at the examples below:

  • If you were to borrow £800 for 6 months you would need to repay a total amount of £1,502.02 with weekly instalments of £57.21
  • However, if you were to borrow the £800 for 12 months you would need to repay a total amount of £1,548.56 with weekly instalments of £29.78

When borrowing the money for a longer period of time the weekly instalments are smaller, but it is important to note that the total amount repayable is higher.

At Oakam we want to make sure you choose the loan option more suitable to you and your affordability. To find out more about our charges have a look at our loan calculator.

Before you take out a loan, it is your responsibility to ensure you can afford the repayments for the full term of the loan.

Lift Loan
73.1% representative (variable)

Oakam Loan
1421% representative (variable)

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk