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

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  • Oakam loan

    Everyday emergencies happen. Borrow from £200 – £1750 and pay it back over 3 to 12 months.

    The Oakam loan is designed to give us the best chance at approving your application and providing you the access to credit you need.

    See the loans you could progress to by checking our loan comparison tool.

    1416.9% APR representative based on an annual interest rate of 279% (variable). Representative example: Borrow £740 over 26 weekly periods, first instalment £76.12 then 25 instalments of £53.43. Total repayable £1,411.87, total cost of credit £671.87. Rate varies by term selected. Representative APR is calculated for this specific term.

    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 an Oakam Loan the APR you could receive ranges between Min APR 223%, Max APR 1596.1%

    All loans are subject to status. Terms and conditions apply.

    Why choose the Oakam Loan?


    Top-up your loan

    You can top-up your loan on the phone, or by using Oakam’s award-winning app.


    Flexible repayment plan

    You can pick from a weekly or 2-weekly payment plan.


    Build your credit history

    Making on-time repayments may help to improve your credit score over time as we report your repayment behaviour back to credit reference agencies.


    No late or early settlement fees

    We do not charge late fees for missed payments, nor do we charge if you decide to settle your loan early. (Missed payments will adversely affect your credit rating).


    Same day loan

    In most cases if approved, you will receive the funds on the same day.


    Earn better pricing over time

    We reward good repayment behaviour by offering cheaper interest rates for future loans.

    Qualifying for a Oakam Loan

    • Age requirement
    • You need to be aged 18 or over to take out an Oakam Loan.
    • UK residency requirement
    • Are you new to the UK? You could qualify for an Oakam loan if you’ve been in the UK for at least 6 months.
    • Income requirement
    • You could qualify for an Oakam loan if you have an income of at least £400.
    • Types of income
    • Are you on benefits? You could qualify for an Oakam loan as long as you meet the minimum income requirement of £400 per month.


    Earn rewards with Oakam Grow

    Earn rewards with Oakam Grow, our new app feature. Start earning points by downloading the app! Learn more about our app rewards programme.