Oakam

Oakam offer short term loans that are tailored to the individual. New customers can borrow between £100 and £800 over six months, but as they build their credit rating, existing customers can then borrow up to £5,000.

While Oakam advertise a Representative APR of 1421%, they do advise that you can get a cheaper rate over time, as your credit profile improves. You can apply for a loan with Oakam even if you have a bad credit history - they will even consider your application if you’re on benefits or have just arrived in the UK. 

Why Apply Through My Financial Broker?

• Save Time: Rather than spend hours and hours researching lenders and checking to see if you meet their eligibility criteria, you can simply sit back and let us do the hard work for you.
• Poor Credit Considered: There are a number of lenders like Oakam that will consider your application even if you have bad credit. So even if you’ve struggled to take out credit previously, we could still be able to help.
• Flexible Options: With short term loans, lenders tend to be much more flexible, allowing you to choose your exact loan amount, duration and loan terms.