Rating based on 34 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 12, 2019]

About Oakam

At Oakam, we create a brighter future for those who are financially excluded.

Oakam is a digital micro-lender helping underbanked, overlooked, individuals onto and up the credit ladder. We believe that the credit industry is not suitable for individuals needing to access vital funds allowing them to enhance or improve their credit score.

How Oakam works

Our story started in 2006 when our founder Frederic Nze recognized the need to create more inclusive, affordable and suitable credit options for individuals overlooked by traditional financial service providers. We challenge the status quo for consumers needing credit powered by a smartphone. Our digital, data-rich approach to micro-lending enables a customized and inclusive credit scoring making credit more affordable those who need it most.

Our simple and easy three-step process

  • Step 1: Fill out the application - Complete our secure online application and get a pre-decision within minutes.
  • Step 2: Customised loans - Submit required documents and get a final decision
  • Step 3: Begin your Oakam journey - Receive your approved loan funds and make your fanatical dreams a reality!

We are unique in the sense that we try our best to accommodate and help just about anyone in need of a financial boost regardless whether you have been staying in the UK for long or are currently not working.

Oakam Services

During our online loan application process, our staff will asses your personal affordability as well as which fast loan option will best suit your situation.

As such, we ask that you carefully consider whether or not you can afford the loan repayments and provide us with accurate personal information, to help us make a fair assessment.

We will do our best to assist you even if;

  • You've previously been turned down for credit
  • You have recently moved to the United Kingdom
  • You are currently unemployed
  • You have had CCJs in the past

We listen to your story

Unlike other lenders, we’ll listen to your story if you are a beneficiary, have a bad credit history or just arrived in the United Kingdom. At Oakam we strive to break down financial barriers and provide access to all.

To qualify for a loan with us you need to be:

  • 18 years or older
  • A UK resident for 6 months+
  • Earn a minimum monthly wage of £400 from benefits or salary (or both) or self-employment

Oakam Product Details

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

Summary of Services

  • Bad credit is welcome
  • Fast loan approval
  • Loan application is online

At Oakam, we give you the power over your finances

We are a Fintech company who prides itself in empowering those ignored by traditional lending services.

In addition, we offer our customers with the relevant tools to build a brighter financial future. We allow you to choose to form a weekly or bi-weekly payment plan. We provide simple and transparent financial products transparently. In addition, we don’t charge late fees or penalize you for settling your payments early.

Your bridge to a brighter financial future

We equip you with the tools to build a better and brighter financial future. Good repayment behaviour will earn you the flexibility to top-up your loan at a lower price or borrow up to £5,000 for a large purchase.

With Oakam you can receive rewards

Earn great rewards with Oakam’s app checkout see online for more information. Earn loyalty points by simply downloading the app, when you pay on time and by referring us to your family and friends. At Oakam, we stand by you when times are tough and reward your loyalty

We understand your needs

We know the importance of understanding financial matters in your first or home language. As such, our Oakam staff come from all over the world and speak 20+ languages including English, Polish, Romanian, Spanish, Portuguese, German, French, Lithuanian, Greek, Russian, Afrikaans and many others. As such if you would prefer to speak to a consultant in your own language, just let us know and they will contact you back.

In addition, our staff are friendly yet professional and supportive intending to your inquiries.

Customer Reviews & Testimonials

November 2018

Oakam sorted out my finance related problems for me.

Marie N
— London —

March 2019

It was a good decision to take their payday loan, I don’t regret it at all.

Ashton S
— London —

Oakam Contact Details

Physical Address

  • Oakam Limited, Sunley House, Bedford Park Croydon England CR0 2AP United Kingdom
  • Get Directions

Opening Hours

  • Monday 08:00 – 19:00
  • Tuesday 08:00 – 19:00
  • Wednesday 08:00 – 19:00
  • Thursday 08:00 – 19:00
  • Friday 08:00 – 19:00
  • Saturday 08:00 – 18:00
  • Sunday 10:00 – 16:00