How our loans work

At Oakam we provide personal loans with a personal service – and we look at your individual circumstances when reviewing your application.

As a responsible lender, our priority is to ensure that you can afford your loan repayments. As a result, our loan application system will assess your financial situation before we can approve your loan.

To apply follow these simple steps:

Apply for a loan – first time customers can apply online or via our mobile app. If you’ve had a loan with us in the past, you can apply easily on the Oakam app.

Review our offers – choose the loan amount and repayment term that suits you best. We’ll never offer more than you ask for.

Same day approval – we want to say yes. If accepted, you could have the money the very same day you apply.