Lender Overview

Oakam loans

Oakam are a well established UK based lender offering short term loans from £200 to £1000 over a maximum period of 52 weeks (dependent on amount borrowed). Customers can apply for a loan online, over the phone or in one of their stores where their staff speak more than 20 languages. Oakam consider every loan application individually and decisions are made based on your personal circumstances.

When can I get my loan?

How do I repay my loan?

Loan repayments will normally be collected from your debit card on your agreed repayment date. You can also pay via Direct Debit or in cash at one of their stores.

What happens if I can't pay my loan on time?

If you think that you may not be able to meet a payment, you should contact Oakam immediately. Whilst Oakam do not charge late payment fees, your repayment history will be recorded with credit reference agencies and interest will continue to accrue on your loan. Oakam will work with any customer that is facing financial difficulty to try and find a suitable resolution.

Application Criteria

  • You must be over 18 years old
  • You must have been a UK resident for at least 6 months
  • You must have a minimum income of £400 from either employment or benefits (or both) or be self employed

How is this lender regulated?

  • Oakam are authorised and regulated by the Financial Conduct Authority


Late repayment can cause you serious money problems. For help, go to The Money Advice Service
0203 911 1777