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  • Same day loans

    Same day cash loan, if approved

    Applying for a loan online or via the Oakam app?  Read our handy guide below to take you through the process!

    Start by filling out your contact information. We’ll also carry out a quick credit check.  Depending on how long you’ve lived at your current address, you may be asked to provide your previous addresses, so please have these at hand.

    Providing details about your previous addresses is a normal part of the loan application process. It’s used to help us match the details you’ve provided with your historical credit records.

    Existing customers

    If you’re an existing customer, you’ll need to let us know so we can prioritise your loan application.  When you start filling out the form, we’ll ask if you’ve ever had a loan with us before. If you have, you can apply using the Oakam app.

    Fill out your income information

    We’ll need you to fill out your income information. This includes your salary, benefit or pensions.  You can choose to enter your income by selecting the monthly, weekly, 2-weekly or 4-weekly option.

    Remember, that to qualify for a loan, you’ll need to have a minimum income of £400.

    Filling out your expenses

    We’ll need to understand your spending habits so we can work out an appropriate loan amount. When filling out your expenses, please provide all relevant information as fully as you can. If your current expenses are lower than they usually are, try

    Are you currently making loan repayments?  If yes, you don’t have to add this to expenses. Only repayments for loans taken out in the past month will need to be included.

    Fill out your bank details

    We need your bank details to perform some checks that will help us identify you and protect us against fraud.  We also need this so we know where to send the funds.

    Finalising your online application

    Someone in our team will give you a call and ask for some documents, some final checks may also be made before we can make a decision on how much to lend you.

    Receiving the funds

    We transfer money every 2 hours starting from 09:30 up until 18:30 on weekdays and from 10:30 to 17:00 on Saturdays.