Rating based on 29 reviews



  • Payday loans up to £5,000
  • Low-interest starting from 149%
  • Repayment up to 36 months

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Oakam homepage

Author Oakam. Screenshot of Oakam website. [Accessed May 15, 2020]

About Oakam

The story of Oakam Loans began in 2006, when founder Frederic Nze realised that countless individuals did not have access to affordable and convenient online credit. He had a vision to make easy loan services available to a greater number of individuals.

Simple, transparent financial services

Our aim is to bring simple and transparent financial services to those that have been ignored by traditional institutions. This is done through Fintech innovation. Digital innovation is what has enabled Oakam to provide a solution to those experiencing financial exclusion from traditional lenders and banks.

Benefits of using Oakam payday loans

Bad credit loans available
Whether you are on benefits, have a bad credit history or just arrived to the UK, we will be happy to assist you. It is our endeavour is to break down financial barriers and provide easy access to payday loans.

No home visits
Your finances are of a private nature and we keep it that way.  We are always available online, over the phone or your nearest store.

No hidden
At Oakam, we like to put you in control of your finances. You have the option from weekly or two-weekly repayment options. All our personal loans are simple and transparent and we do not charge late fees or early repayment penalties.

Oakam Services

Everyday emergencies happen and that is when you need an Oakam Loan that allows you to borrow from £200 to £1750 and with repayment terms of three to 12 months.

Transparent rates

Use our online calculator to determine the exact quick loan amount that will be repaid over the repayment period you have chosen. The actual rates and repayments of payday loans may differ and will be based on your personal circumstances, the loan amount and term. For an Oakam Loan the APR you could receive ranges between a minimum of APR 223% and a maximum APR of 1,596.1%.

Brighter financial future

We give you the tools to build a brighter financial future. With positive repayment behaviour, customers are able to top-up their loans at a lower price or borrow up to £5,000.

Earn great rewards with Oakam’s app

Rewarding your loyalty is how we value our customers. All you need to do to start earning points is to simply download our app, pay on time and refer friends.

Increased efficiency

We use an omnichannel to increase efficiency and we make accessing credit more convenient and rewarding. The aim of our business is to open up new opportunities for customers across the UK who are in need of a payday loan.

Oakam Product Details

  • Loan Type Payday loans
  • Interest Rate from 149%
  • Loan Amount up to £5,000
  • Repayment 90 days to 36 months

Benefits of Oakam

  • Apply online
  • Get approved fast
  • Apply with a bad credit history
  • Improve your credit score

Get your Oakam payday loan today!

If you want to join the Oakam family, simply follow these steps and you could get the loan you need today.

  1. Apply online with ease
    Complete our secure online application and get a preliminary decision within minutes.
  2. Tailor your loan
    You will be required to send your documents and get a final decision. Alternatively, you can also visit us at your nearest Oakam store
  3. Start your Oakam journey
    Once your online loan application has been approved, you are on your way to a brighter financial future.

Qualifying for a Oakam Loan

  • You need to be aged 18 or over to take out an Oakam Loan.
  • To qualify for an Oakam loan if you've been in the UK for at least six months.
  • You have to earn an income of at least £400.

Overlooked by traditional lenders?

Twelve million consumers lack access to basic financial services in the UK alone. As a Fintech company, we empower individuals overlooked by traditional lenders.

Our commitment to every single customer

Quality of service
The personal approach we use guides us throughout your Oakam journey, from the loan decision to the last repayment.

Convenient access
We use multiple channels, languages and products, which are key elements of the Oakam journey. Customer satisfaction is ensured through convenience and accessibility.

Financial empowerment
Through human policies and digital innovations like Oakam Grow, we ensure the financial wellbeing of all our customers.

Oakam Loan benefits

  • Top-up your loan
    Top-up your payday loan in store, on the phone, or by using Oakam’s award winning app.
  • Flexible repayment plan
    You have the option of a weekly or two-weekly payment plan.
  • Build your credit history
    Making on-time repayments may help to improve your credit score over time.
  • No late or early settlement fees
    We do not charge late fees for missed payments or early loan repayment.
  • Same day loan
    Most of the time customers receive the funds on the same day.
  • Earn better pricing over time
    We reward good repayment behaviour. Thus, we offer lower interest rates on your next short term loan.
man holding thumbs up

Oakam is a trusted & reliable provider of payday loans

In our review, Oakam adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

Oakam is a registered credit provider in the UK; FCA number 678734

Customer Reviews & Testimonials

No hidden extra charges added, what you see is what you get.

Merryn P
— Cambridge —

Friendly customer service, but waited a few days for the money to reflect.

Patricia C
— Norwich —

Easy and affordable repayment structure, no breaking the bank.

Lori R
— Oxford —

Oakam Contact Details

Physical Address

  • 66 High Street Unit 29A Kings Square Shopping Centre West Bromwich England B70 7NW United Kingdom
  • Get Directions

Opening Hours

  • Monday 09:30 – 18:00
  • Tuesday 09:30 – 18:00
  • Wednesday 10:00 – 18:00
  • Thursday 09:30 – 18:00
  • Friday 09:30 – 18:00
  • Saturday 09:30 – 18:00
  • Sunday – Closed