up to £750
Oakam loans are very well established direct lender based in the UK that offer short term instalment loans which repayment up to a maximum of 52 weeks.
About Oakam Loans
Oakam loans are very well established direct lender based in the UK that offer short term instalment loans which repayment up to a maximum of 52 weeks. Loans are available from £200 to £1,000. Oakam also have stores throughout the UK and customers can apply for a loan directly in store, online or over the phone to their customer service team who speak over 20 languages. Loans are approved individually, and all decisions are made on your personal circumstances some benefits are even acceptable. Oakam also accept loans for the self-employed. Oakam loans are a good way to build a credit score, and take every application on its own merits, bad credit customers are often accepted. The application process is vey easy and only takes a few minutes, you may be called back by a representative if further documentation is needed. Once the application is processed you will receive an answer the same day.
Representative Example; 1424%APR representative based on an annual interest rate of 279% (variable). Representative example: Borrow £350 over 26 weeks, first instalment £27.95 then 25 instalments of £25.27. Total repayable £659.70, total cost of credit £309.70.
How quickly do I get my loan?
Once an application is approved transfers are usually made within 24 hours to your chosen account. Oakam do not use the faster payment system, but aim to accept, not reject, the majority of customers and loans are paid within the day.
How do I repay my loan?
Your Oakam loan repayments can be paid directly in store, or you can also pay by direct debit or the repayment can be collected from your debit card on the agreed date. It is important to make sure you have enough funds in your account, as this could be recorded against your credit score making future credits difficult.
What happens if I miss payments?
The customer care team at Oakham is available on 020 8819 3767, and if you feel there may be a problem with funds on your payment dates you should contact them immediately. Oakam do not charge late payment fees but your repayment history will be recorded with a credit reference agency and interest will still be added to your loan. Oakam make it their priority to work with any customer facing difficulties with their finance and will be very helpful in finding a solution and an affordable payment plan.
Loan Qualification 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
- Oakam are authorised and regulated by the Financial Conduct Authority
020 8819 3767 www.oakam.com You are able to send and email on the online contact form.
Warning: Late repayment can cause you serious money problems. For help, go to: www.moneyadviceservice.org.uk, we would also recommend the following unbiased organisations: