Content rating
Screenshot image
Screenshot image
Screenshot image
Screenshot image

About this app

Why choose an Oakam loan?

• We strive to break down financial barriers and provide access, which means we’ll listen to your story if you are on benefits, have a bad credit history or just arrived to the UK.
• Money is a private matter and we keep it that way. That’s why we’ll never knock on your door, and you can reach us online or over the phone if you need us.
• At Oakam you’re always in control, which is why you can choose from weekly or 2-weekly payment plans.
• Our products are simple and transparent. We don’t charge late fees or penalise you for settling early.
• We give you the tools to build a brighter financial future. With good repayment behaviour, you could have the flexibility to top-up your loan at a lower price or borrow up to £5,000 for a large purchase.

What does the Oakam app do?

• Apply for one of our loans straight from your phone and get approved in as little as 10 minutes
• See available loan offers and customise them based on your preferences
• Manage your existing loans including easy in-app loan payments and top-ups
• Keep on track with your repayment schedule with helpful notifications and rewards for paying on-time

Representative example

If you borrow £300 over 6 months at 279% per annum (fixed) you would make one repayment of £17.06 and 25 weekly repayments of £21.66. You would repay £558.56 in total. The total cost of credit would be £258.56.

Loan term lengths between 3 and 36 months. Minimum APR 67.97%. Maximum APR 1427.2%. New customers can borrow up to £800 for a term of 6 months. Early repayment options are available and are not associated with any fees or cost. There are no additional fees associated with any of our loans. All loans are subject to status.

What do our customers think?

"Really easy to use app to pay bills with great customer service. I have bad credit and got a 2nd chance to rebuild my credit with this loan. Amazing service and happy customer" - Penny (Feb 2020)

"So easy to go through the application process, app is very easy to use and you can see the history of your account, payments made and when the next payment is due. Would highly recommend Oakam." - Jane (Feb 2020)

"Fast and simple and I love the fact I can keep track using the app" - Nick (Feb 2020)

See more of our reviews on Trustpilot!
Updated on
Oct 7, 2021

Data safety

Developers can show information here about how their app collects and uses your data. Learn more about data safety
No information available

What's new

Improvements to our self service related pages