Oakam

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Company Information

  • Company Name:
    Oakam
  • Website Address:
  • FCA IP:
    678734
  • Business address:
    Oakam Limited, 3rd floor, 172 Tottenham Court Road, London, W1T 7NS
  • Phone number:
    020 8819 3767

Oakam (https://www.oakam.com) are a UK based short term loan company based in London. You can apply with Oakam even if you have a bad credit history or you receive benefits.

Oakam are a direct lender and are authorised by the FCA. You can apply for one of their loans either online, by telephone or by calling into one of their stores.

APPLICATION REQUIREMENTS:

To apply for a loan with Oakam you need to be over 18 years of age, a UK resident and have a monthly income of at least £400. In some cases they may ask you to provide proof of income and address.

LOAN AMOUNT AND CHARGES:

Oakam offer loans between £200 and £1000 to first time borrowers but over time they will increase this amount to up to £5000 if you build up your repayment rating with them.

Loans can be taken out for 3, 6 and 12 months.

PROCESS:

The application process with Oakam is friendly and straightforward from the start. If you choose to apply online, after you have entered some details about yourself and passed a credit check, they will call you to complete the application. You have total control over the amount you agree to borrow and the loan term. The details including total repayable amount will be fully explained before you agree to the loan.

PAYMENT:

The loan will be transferred to your chosen account within 2 hours as long you apply between 9:30am and 6:30pm on weekdays and 10:30 – 5pm on Saturdays (applications can be submitted on Sundays but may not be dealt with until Monday).

Loans are paid back by way of weekly instalments so you don’t have to worry about it all being taken in one go. It is up to you to make sure that you can afford the repayments before agreeing to the loan.

10 Reviews of Oakam have been submitted - read the latest 3 below

After using oakam many times and not having a single problem I can happily say they are one of the top lenders out there. I have told my friends and family about them and they said that they are also very happy with the loans they have took out.

I personally took out a loan over 6 months as it suited me best. They allow you to take out £1000 for first time customers which I have not seen with a lot of other lenders.

The staff at oakam are very friendly and when I called they were very polite and answered all my questions very well to help me understand it all.

Review posted by Courtney Bevel

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

I have just paid off my stag-do thanks to oakam. I am just back from Tenerife and it was brilliant. I had to take out a loan to pay for it but it was so worth it. It didn't even cost me that much to take out the loan. We are already planning another holiday for next year and no doubt a loan will need to be taken out to pay for that. I told the rest of the guys about oakam and they said they will most likely them to pay for the next holiday as well. I told them that oakam are very good and they all want to give them a try.

Review posted by Kyle Mcghee

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

After losing my wife to breast cancer and having half the income in the house I was finding it hard to keep up with paying the bills. I could pay the bills but Id have to miss out on a lot of things and have to eat microwave meals most of the week.

I first discovered oakam loans when my sister in law told me about them when she found out I was having issues paying the bills. She has used them a few times before and said they were good so I gave the a go. My experience with oakam loans is very good and I will happily use them again.

Review posted by CharlieV

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money