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  • Special challenge offer

    You recently took out a loan with us. Thank you for joining the Oakam Community.

    As a valued customer, we would like to offer you the Oakam Challenge Loan. 

    The Oakam Challenge Loan is one of our most flexible products. Depending on your needs and personal circumstances, you could borrow up to £2500 with affordable weekly or monthly repayments spread over up to 24 months.

    It comes with many other benefits: ability to repay loans from other providers using Oakam Challenge Loan, high-street vouchers*, various rewards via our app and amazing customer service.

    Why choose Oakam? 

    • Access to larger amounts of credit overtime for good payers
    • Web and mobile servicing
    • Manage your loan online and via our award winning mobile app
    • Great rewards with Oakam Grow
    • Excellent customer service in multiple languages

    How to apply

     Give us a call on 0208 819 3767.


    Make sure you quote the ‘Oakam challenge’ when you apply.

    Please note – the Oakam Challenge is not available to apply for through our website, but you can talk to our staff by calling us on 0208 819 3767 to take the challenge!

    This offer is only available to  selected customers who are conctacted by e-mail/text message.


    *Terms and conditions

    • To qualify for a voucher, you must be approved for an Oakam Challenge loan for the purpose of your debt consolidation.
    • We will send you the voucher by post or email within 14 days after the loan approval day.
    • There is no cash alternative to the prize offered.

    502% APR representative (variable)

    This rate is 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. For the Oakam challenge loan, the APR you could receive ranges between Min APR 281%, Max APR 1458%.  

    All loans subject to status. T&C’s apply