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

  • Our loans
  • How it works
  • Our customers
  • About us
  • Help
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    Apply with confidence

    Fill our secure online application and get a decision in minutes. Get accepted even with benefits or CCJs

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    Start your Oakam journey

    Put your loan to work. You’re on your way to a brighter financial future. Build your credit rating over time

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    Tailor your loan

    Better pricing and bigger loans. Borrow up to £5,000 over time. Find out more

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    Join the 150,000+
    customers that trust us

    We’re more than just a money lender: we’re on a mission
    to make accessible credit a reality for all.


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    Download our mobile app

    The Oakam mobile app will allow you to apply as well as help you manage your loan:

    • Apply for a loan
    • Check your outstanding balance
    • See your next repayment day
    • Review your repayment schedule
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    Reasons to join Oakam

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    Bad credit? We'll listen

    We’ll listen to your story if you are on benefits, have a bad credit history or just arrived in the UK. We’ve made it our mission to break down financial barriers and increase access for all.

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    No home visits - ever!

    Money is a private matter and we keep it that way. Think of us as an alternative to doorstep loans. We’ll never knock on your door and you can always reach us online or over the phone.

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    No hidden surprises

    At Oakam you’re always in control. You can choose from weekly or monthly payment plans. Our products are simple and transparent. We don’t charge late fees or penalise you for settling early.

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    Your bridge to a brighter financial future

    As you pay back your Oakam loan, you can unlock better rates, bigger amounts and longer terms. It’s our way of helping you build your credit profile over time.

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    Earn great rewards with Oakam’s app

    We stand by you when times are tough and reward our reliable borrowers. Access your loan and repayment schedule by downloading our app, and earn rewards for paying on time and referring friends.

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    Frequently asked questions

    • Who is Oakam?

      Oakam provides straightforward and simple financial services for people who find it difficult to borrow from banks. We offer responsible access to credit and are dedicated to serving our customers respectfully and in their language.

      Our 260+ staff speak more than 20+ languages and even more dialects and are happy to help you! Just call or email us for more information or apply via our online application form.

      We offer the following services:

      Oakam Loan (£200-£1750 over 3, 6 or 12 months)

      Lift Loan (£2000-£5000 over 12, 24 or 36 months)

    • How does it work?

      It’s simple! Just fill in an online form or call our multilingual advisors to book an appointment for a loan application over the phone. Then get the cash same day once your loan is approved.*

      *Subject to status. We will ask you for your monthly income and expenditure in detail, in order to confirm that you can afford the monthly repayments over the life of the loan. To receive money the same day, the phone application has to be finalised by 1pm.

    • Does Oakam do a credit search?

      Yes. But we do not base our decision solely on your credit history. At Oakam we understand that life doesn’t always go as planned. We understand that you may have run into financial difficulties in the past and as a consequence you may have a poor credit history. Unlike other lenders though, Oakam will not automatically blacklist you because you have missed repayments. Your credit history and affordability assessment helps us understand your current situation when we assess your application for a loan.

      So, if you have been declined by other lenders in the past, we might still be able to help you.

    • I am new to the UK. Can Oakam help me with a loan?

      Yes. We may be able to lend you money, subject to your financial status.

    • I don't speak English very well. Can I speak to someone in my own language?

      Yes. We know how important it is for you to understand financial matters. Oakam staff come from all over the world and speak 20+ languages including English, Polish, Romanian, Spanish, Portuguese, German, French, Lithuanian, Greek, Russian, Afrikaans, so if we have a member of staff that speaks your language we will connect you with them.

    • What does APR mean?

      APR stands for Annual Percentage Rate.

      The APR is a standard measure used across all credit products to help consumers compare the cost of loans. Because the APR reflects the annual rate of charge for a loan it is not always an easy measure to understand when comparing loans of different lengths.

      The APR is, accordingly, an effective comparison tool for similar products, but in addition to the APR, we always show you the total cost of a loan and the individual instalments, i.e. what you actually have to pay back in full. We believe this information gives you a fuller picture of the costs of our loans and should help you make an informed decision whether one of our loans is suitable for you.

    • I am self-employed. Can I get a loan?

      Yes, subject to your financial status

    • Can I have a joint application with my partner?

      No.

    • Why do I have to provide references?

      We require references as part of our process of establishing your identity. Your references are not required to act as guarantors for your loan.

    • Can I bring someone to translate for me?

      No. However our staff speak over 20 languages in the contact centre so it is very likely that you will be able to speak to someone in your language.

    Shirlee, needed some extra money to take care of some unexpected bills. We accepted her loan request which 'helped her get on her feet'.

    Shirlee

    Joltana had been rejected for credit elsewhere. We said yes to her loan request after assessing her based on more than just her credit score.

    Joltana