Rating based on 31 reviews

Likely Loans


  • Debt consolidation up to £5,000
  • Low-interest starting from 59.9%
  • Repayment up to 36 months

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Author Likely Loans. Screenshot of Likely Loans website. [Accessed April 25, 2020]

About Likely Loans

Likely Loans was started in 2014 and is based in Nottingham, United Kingdom. It is owned by Oakbrook Finance and provides unsecured personal loans specifically developed for people who may find it difficult to obtain credit.

At the heart of everything we do is the belief that people should be able to access affordable loans, despite their circumstances. We offer a wide range of loans for UK citizens which include debt consolidation loans.

Trusted and transparent financial service provider

Oakbrook and Little Loans are trading names of Oakbrook Finance and registered in England and Wales. We are the proud winners of several awards. These include Consumer Credit Awards winner in 2019, Non-mainstream Loan Provider of the Year in 2017 winner of the Alternative Lender of the Year award.

Know if you will be approved

We do not believe anyone should apply for a loan not knowing whether they would be successful or not. We also believe that customers always need to know what they are paying, never pay fees and know if they would be accepted before the application process is started.

Likely loans offer fair loans for people when they really need it but have nowhere else to go. Using our simple online application form you can check your eligibility for a loan.

Likely Loans Services

We offer a wide range of loan options. Having various options when it comes to a loan enables our customers to access the best loan for their circumstances.

Whether you require a personal loan spread over a longer period or a bad credit loan or debt consolidation, we have a loan option to fit your needs.

All our loans are unsecured

This means that there is no need to secure your loan, either by offering the security of having someone co-sign for the loan. We specialize in helping people with bad credit secure a loan.

Debt consolidation loans

We are aware of the challenges that can arise from having multiple debts that need to be paid. If often requires a lot of time and effort to manage regular repayments to a host of different lenders. Some existing credit and loans can prove to be expensive due to high-interest rates.

By taking out a debt consolidation loan from Likely Loans, you can combine most or all of y our debts into one loan. This means a single payment and fixed interest rate. This will result in a much more effective way of managing your debt.

Likely Loans – Consolidation loan

  • Loan Type Debt consolidation
  • Interest Rate from 59.9%
  • Loan Amount up to £5,000
  • Repayment 12 months to 36 months

Benefits of Likely Loans

  • Loans are paid out on the next day
  • Consolidate your debt into one affordable payment
  • Get access to lower rates

Within 24 hours you will receive an email to confirm the status of your application

We offer loans for bad credit from £500 to £5,000. The loan can be repaid over a period ranging from 12 to 36 months. This gives you extensive options for consolidating your debt.

Our repayment process is transparent and straightforward. There are no additional fees to pay. Applying for a debt consolidation loan is easy.

Three simple steps to follow.

  • Tell us a bit about yourself
  • An instant decision will be given.
  • Receive your money the next working day

Why choose Likely Loans

It is extremely frustrating to go through the whole process of applying for a loan only to be declined. With Likely Loans, you will know if you'll be accepted before you apply.

Applying for a loan with us will not affect your credit score. Using the application process on our website you can check if you are eligible for a loan. This will not be visible to other lenders or on your credit file.

We will not turn you away because of your bad credit rating. As long as you have some UK credit history and have not filed for bankruptcy in the last 12 months, you are eligible for a loan. We do not require you to be a homeowner either. As long as you are a UK resident it does not matter if you are a homeowner or tenant.

Easy payments and no additional fees

When your loan is processed we automatically set up Direct Debit for you. But we also offer alternative payment options if you are unable to use this method.

  • Payments line. By calling our free payments line 24 hours a day, 7 days a week, you can make a payment telephonically. Payments made using this method will reflect on your account the same day.
  • Online payments. You can make a secure online payment at any convenient time simply by logging into your online account.
  • Bank transfer. A direct transfer can be made to our account. Always remember to use your account number as a reference.

If you are in a position to repay your loan in part of full, we will not charge any early repayment fees. Only interest as permitted will be charged.

Quick and Easy pay-out

Once you have submitted your application online, you will be instantly approved or declined. In the likely event of your application being approved, we may ask you to send us some supporting documents. Additional documents are required if we need to verify identification, current address or income. To finalize the process as quickly as possible all supporting documentation can be uploaded online.

Customer Reviews & Testimonials

November 2019

Professional friendly service when I needed it most

P Winsley
— Manchester —

May 2019

After being turned down numerous times by other lenders I did not hold out much hope of success. The loan was a life-saver in a time of great need

K Sutton
— Winchester —

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