Rating based on 37 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 September 8, 2021]

About Oakam

You can get simple, straightforward, and stress-free payday loans in a blink of an eye.

Oakam is a financial technology and digital microlender company that will go above and beyond your expectations.

Empowering more than 150,000 people since they started in 2006 with the ability to build a better future financially for themselves and their families by providing customer-focused services, access to better and less expensive loans based on your circumstances, they are committed to giving you the best customer service ever.

Easily accessible payday loans

Enjoy easy access to cash without having to waste your time on paperwork as everything is 100% done online, and it is easy to complete the application within a few minutes. Oakam is committed to equipping people with tools to overcome short-term financial difficulties and enhance financial literacy. As they offer cheap short-term loans that help grow your credit score and increase your access to credit.

Get the best payday loans online in the UK

Have a cash emergency or need a little money to achieve the financial goal you've set for yourself? Get a payday loan online today.

Fill out their online form to apply for a payday loan in minutes or call them and speak to a friendly advisor to assist you with your payday loan application and fill in your form, or ask for advice to help you make the right financial decisions. They have an award-winning financial management app that even makes it easier to manage your account, make payments and apply for top-ups.

Oakam Services

Oakam has designed the best payday loans to suit you according to your circumstances with repayment terms and loan amounts perfectly matched to the situation.

You can borrow from £100 to £1,750 or for new customers up to £800 for a payday loan with the option to repay it over 3 to 6 months for new customers and existing customers up to 12 months. You can apply for a payday loan in the UK to use for your emergency expenses, pay off small debts, or for funds that you may need to keep you afloat. When larger amounts are needed you can apply for different loan plans for more options. 

Personal loans for everyday cash needs

Oakam offers personal loans for UK residents with amounts you can borrow between £1,000 and £5,000 to improve your financial situation.

The Big Plus Loan is designed to borrow money over longer periods ranging from 18 to 36 months, this offer is for existing customers that have proven they can commit to repaying loans on time. You benefit from a lower annual interest rate and more manageable installments for larger amounts to use for that business opportunity you might have, renovating your home, or for that extra cash to improve your lifestyle.

No hidden fee surprises

Their products have no setup fees, are simple and transparent and there’s no cost associated with repaying early and they don’t charge late fees. At Oakam their loans are fact-based and you know off all the costs involved.

Oakam – Payday loan

  • Loan Type Payday loans
  • Interest Rate from 149%
  • Loan Amount up to £5,000
  • Repayment 3 months to 36 months

Benefits of Oakam

  • Apply for a loan even with a bad credit history
  • Improve your credit score
  • Apply online and get approved fast

Payday loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

There are countless ways you stand to benefit from taking a loan with Oakam

The easiest application process for you to follow using their Oakam app or when you apply online for a payday loan.

Oakam has some basic checks that have to be conducted before the loan process can start.

  • An identity check with needed documentation
  • Credit check to confirm your current credit standing
  • Check your affordability using details provided of your expenses and income

Lending requirements explained

To qualify for an Oakam loan they will ask for the following you:

  • Must be 18 years or older
  • Have an income of at least £400 via benefits, salary, or self-employment
  • Valid bank card
  • UK bank account
  • You have to be a UK resident for more than 6 months.

Complete the online form and if necessary, an advisor will give you a call to confirm and ask for more details and documentation needed for your online loan. When your payday loan gets approved you have to accept the loan terms and send it back, funds will then be transferred to your bank account.

The benefits of getting an Oakam payday loan.

  • Fast loans, same-day service.
  • Oakam app for easy managing of your profile and loan.
  • Friendly and qualified advisors to assist you.
  • Built a good credit score history.
  • Receive more affordable rates for returning customers.
  • Bigger loan amounts for good repayment history.
  • No late or early settlement fees.
  • Flexible repayment plan.
  • Quick and simple application process.
  • Personalized loans adapted to your financial profile.
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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 UK: FSA 678734

Customer Reviews & Testimonials

May 2019

Short term loans at their finest – There is no one I trust more than Oakam. There 3 month loan option has helped me out more than once.

Jennifer Y
— Manchester —

November 2019

Oakam charges modest fees for top-class service. I’ll never go anywhere else for short term finance.

Brian J
— Liverpool —

Oakam Contact

Contact Number


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Physical Address

  • 66 High Street Unit 29A Kings Square Shopping Centre West Bromwich England DG1 1DJ United Kingdom
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Opening Hours

  • not available