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

Are you worried about being accepted for credit? At Oakam, we provide loans for people who find it difficult to borrow money from banks. Whether you have a bad credit history or have just been in the UK for a short period, we'll still consider your loan application.  We look at more than just your credit score and assess each application based on your personal circumstances.   

We also provide short term loans for people on benefits. We understand that people who are unemployed, sometimes need a little extra cash to tide them over until the end of the month.  

Whether you have a part time job and receive some income support, or you are looking for a role to fit around school hours, our short-term loan product could be tailored to fit your needs. We understand that finding the right job can take some time and can support you whilst you are getting set up. We want to make sure that you can still take care of those emergency purchases that crop up when you least expect it. 

Our short term loan product

Our loan product is for those emergency situations that you cannot control. Perhaps your washing machine has broken down or your kids are returning to school after the school holidays you need to buy them new uniforms. Whatever the reason, our loan product is tailored to fit around your short-term emergency needs.

Find out more about our loan product below;

With the Oakam Loan,  you could borrow from £200 to £1750 and pay it back over 3 to 12 months.

Representative (variable) 1421% APR 

As a responsible lender, we will check that you can pay back what you borrow before we approve your loan request.  We do this by running a credit check and assessing your income and expenditure to make sure you can afford the repayments before offering you a loan. 

Additional requirements  

  • Must be over 18 years of age
  • Receive at least £400 each month from your benefit allowance or salary. 
  • Must have lived in the UK for at least 6 months. 

Customer testimonial

Some of our customers have used the Oakam loan to pay for unexpected bills and emergency payments.

Shirlee took out an Oakam loan when she was unemployed. Listen to what she has to say about her experience with us.