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 systems 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 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