Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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  • Loans for people with bad credit

    At Oakam we believe in financial inclusion. We think that people should not be excluded from accessing financial services because their credit history is less than perfect. We understand that not all loan decisions are black and white, that’s why we designed the Oakam Loan. 

    The Oakam Loan is a short term loan that’s designed to give you an emergency cash boost when you need it!

    • You could borrow from £100-£1750 from 6-12 months.
    • This is also an option if you have struggled to get credit in the past.
    • 1427% APR representative (variable)


    To qualify for an Oakam loan we ask for the following you:

    • Must be 18 years or older
    • Have an income of at least £400 (via benefits, salary, or self-employment)
    • Must be a UK resident for at least 6 months

    As a responsible lender we will perform credit and affordability checks when you apply. We may also ask for addition documents to verify the information you give us when you apply. Find out more about what you need to apply.

    Hear about what our customer think of us: watch our customer video reviews.

    Worried about having a bad credit history?

    Are you worried of not being accepted for a loan because you’ve had bad credit history?  When you apply for a loan with us, we always aim to give you an immediate decision. Our loan decision platform will take into consideration all the data we get from your application as well as the information we receive from the credit bureau to fully understand your situation.

    We’ll then make a lending decision in just a few minutes based on your personal circumstances – that’s the power of technology-led lending!

    So if you have been turned down by other lenders in the past and think no one can help you with the credit you need, we might be able to help. If we can, we’ll send the money to your nominated account within minutes of your loan being approved.

    You can apply for a loan at anytime by downloading our mobile app. You can also check out our customer reviews on TrustPilot.

    Build your credit history

    Making on-time repayments may improve your credit score over time as we report your repayments back to credit reference agencies.  However, missing any payments will have an adverse effect on your credit score and make it difficult to borrow in the future.

    Remember! Having a bad credit history is not the same as being in financial difficulty. If you think you are in financial difficulty or are finding it difficult to pay your bills on time you should seek an alternative solution. For free and impartial advice, we list a number of UK organisations that could help you.