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    At Oakam we offer loans designed to suit our customers’ individual needs. An Oakam Loan offers different loan amounts and repayment terms depending on your personal circumstances. The Oakam loan can be taken out for 3, 6 or 12 months and can be paid back weekly or monthly for existing customers. For example:

    • If you were to borrow £800 for 6 months you would need to repay a total amount of £1,502.02 with weekly instalments of £57.21
    • However, if you were to borrow £800 for 12 months, you would need to repay a total amount of £1,548.56 with weekly instalments of £29.78

    When borrowing the money for a longer period of time the weekly instalments are smaller, but it is important to note that the total amount repayable is higher. At Oakam we want to make sure you choose a loan option that is the most suitable for you and your circumstances. Before you take out a loan, it is your responsibility to ensure you can afford the repayments for the full term of the loan.