Oakam Loans | www.oakam.com Reviews

Oakam Loans

About Oakam Loans

Oakam’s business was established by Frederic Nze in 2006 and they later launched in 2007. Retail lending was the initial focus with the first branch opening in Walthamstow. This network extended to 22 (16 across London & 6 across the Midlands). They however decided to cease this network and operate fully online. To date they’ve served 200,000+ customers. This lender has 2 packaged options. The standard offering runs between £100 and £1750 with first time borrowers restricted to £800, as well as a fixed 6 month term. Then there is Big Plus for reloan customers only. This runs from £1000 to £5000 across 18 to 36 months. Those returning can also select 3 months from the standard loan.

There is no longer a calculator with just a single term example presented (£258.56 for £300 over 6 months). There is also no Oakam login in place at www.oakam.com. You can still control your account, but by app only. This lender charges no late fees, pays out quickly and notes offering lower rates to customers who have earned trust. Perhaps their standout feature would surround high acceptance rates. This has been disputed in reviews, but they do consider self-employed applicants, those with past CCJs or anyone receiving benefits. They also target newcomers to the UK who’ve been here for 6+ months. The minimum required wage is £400 (£700 for Big Plus). Oakam’s reviews are impressive at Trustpilot where they rate 94% from 18,000+ reviews.

Company Details

Address: Sunley House, Bedford Park, Croydon, CR0 2AP

Brand: Oakam (aka: Oakham)

Company: Oakam Ltd

Contact (📧): help@oakam.com

Contact (☎): 020 3911 1777

FCA Licence: 678734

Launched: 2007

Niche: Instalment, personal

Opening Hours: Mon/Fri (8am-7pm), Sat (9am-6pm)

Related Brands: Non

Site Address: www.oakam.com

Site Rank (Alexa UK): #2,016,557

Product Specs

Amounts Available: £100 to £800 (£5000 on reloans)

Late Payment Fee: £0

Login Provided: No. App management only.

Pricing: £258.56 /£300 (6m)

Repayment Terms (New): 6 months

Repayment Terms (Existing): 3 to 36 months (3, 6, 12, 18, 24 & 36)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 94% (18,360+ count)

Rivals & Similar Lenders Like Oakam

This company offers an extensive range of repayment terms. Several competitors with extended terms of note are Conduit, Dot Dot, Fair Finance, Savvy and WageMe. H&T is also of note as with them you can freely pick any month between 12 and 36. As well as operating online they lend from 254 stores. Of all of the firms listed, Fair Finance is a great choice if you’re seeking high acceptance rates and competitive value. They’d certainly be a much more affordable option if you can get the green light there. Dot Dot loans would be seen as Oakam’s key competitor as they have been the top performing instalment brand across the past year.

Last Check @ www.oakam.com: April 29th, 2021

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