Oakam Loans is a credit facility that is focused on providing responsible access to credit for people who might be in need of urgent /emergency cash loans without any hassle.
Oakam Loans Review
Oakam offers a loan product to their existing and non – existing customers who might be in need of an urgent loan to solve their financial needs.
Oakam provides straightforward and simple financial services for people who find it difficult to borrow from banks. They offer responsible access to credit and are dedicated to serving their customers with respect.
Oakam Loans offers a brighter, better and hassle free loans that allows you to get a loan as much as £100 to £1000 quick with no interest rate.
Why Choose Oakam Loans?
There are good reasons why I recommend you to borrow money from oakam loans:
1. With oakam loans, you get to access cheaper pricing over time and improve your credit rating.
2. Oakam Loans offers a loan product that allows you to borrow up to £5,000 as you build your credit profile.
3. You can quickly graduate to rates lower than many credit cards.
4. No setup charges. No late or early repayment fees.
Requirements To Apply For Oakam Loan
• Age requirement
• You need to be aged 18 or over to take out an Oakam Loan.
• UK residency requirement
• Are you new to the UK? You could qualify for an Oakam loan if you’ve been in the UK for at least 6 months.
• You could qualify for an Oakam loan if you have an income of at least £400.
• Are you on benefits? You could qualify for an Oakam loan as long as you meet the minimum income requirement of £400 per month.
How To Apply For Oakam Loans?
The application process for oakam loans is 100% online and through the oakam loan app.
1. Apply Online
Fill out the oakam secure online application and get a decision in minutes. No setup fees, no late fees and no early repayment fees.
2. Start Your Oakam Journey
Put your loan to work with the Oakam app, grow your credit rating over time and build your way to a brighter financial future.
3. Choose Your Loan
Access lower rates and bigger amounts as you repay your loan. Borrow up to £5,000 over time via oakam.
Benefits Of Choosing Oakam Loans?
1. Bad Credit, They Will Listen
Oakam will listen to your story if you are on benefits, have a bad credit history or just arrived in the UK. They have made it their mission to break down financial barriers and increase access for all.
2. No Home Visits
Money is a private matter and they intend to keep it that way. Think of oakam as an alternative to doorstep loans. They will never knock on your door and you can always reach them online or over the phone.
3. No hidden Surprises
At Oakam you are always in control. Their loan products are simple and transparent. Oakam don’t charge late fees and there’s no cost associated with repaying early.
4. Bridge To Financial Future
As you pay back your Oakam loan, you can unlock lower rates, bigger amounts and longer terms. It’s their way of helping you build your credit profile over time.
5. Manage Your Loan
Access your loan and repayment schedule by downloading oakam loan app, and apply for tops ups and new loans in the future.
6. Same-day Loan
In most cases if approved, you will receive the funds on the same day.
7. Earn Better Overtime
Oakam reward good repayment behaviour by offering cheaper interest rates for future loans.
Oakam Loan App
The oakam loan app has made it to our list of Online Loan Apps, The Oakam mobile app will allow you to apply for a quick cash loan as well as help you manage your loan:
Oakam Loan App Features:
• Apply Online
• Check your outstanding balance
• See your next repayment day
• Review your repayment schedule.
The oakam loan app is available for download on Google playstore app and Apple store without any hassle.
Oakam Loan Interest Rates
Loan term lengths between 3 and 36 months. Minimum APR 67.97%. Maximum APR 1431.41%.
New customers can borrow up to £800 for a term of 6 months.
Existing customers can borrow up to £5,000 for a term of up to 36 months.
Early repayment options are available and are not associated with any fees or cost.
There are no additional fees associated with any of our loans. All loans are subject to status.
Oakam Contact Us
Oakam contact center is open Monday to Friday between 8:00am and 7:00pm and on Saturdays between 9:00am and 6:00pm.
Give them a call on 02039 111 777. If you would rather send an email, you can reach oakam loan at help@oakam.com
