89.76% - 461.4%
338.2%
£200 - £5,000
Minimum Term 6 months
Loans up to £5,000 - 3 years
Direct Debit
Cash
Oakam Maestro Card
Same day
£40.00
If you know you are going to be unable to make a payment, call them immediately so they can arrange a new date for you
Cheque
Credited onto your Oakam Maestro Card
No
267th for APR of 423 loans in the UK (See Lender League Table By APR)
149th for Customer Satisfaction (See Customer Reviews)
The Oakam Bonus Loan is a loan from £200 - £5,000 (£500 if you are on benefits). They offer you a Bonus Reward every time you make 6 payments in full and on time.
To apply, you will need to visit your loan Oakam Store and arrange an appointment. Or, you can complete the request form on their "Contact Us" page and they will call you back. You will then be able to complete a loan application for. You will need to take with you the documents listed below. They will review your loan application in-store and issue you a cheque if accepted. You then need to take your cheque to any Oakam store along with your ID and proof of address and they will cash it within minutes.
This company has 16 Oakam stores across London and they are continuing to open more. It is only convenient if you live within these areas as you need to attend an appointment and cash your cheque in-store. They are a quick company and are able to get your loan to you quite fast. Oakam have people in their offices from all parts of the world so if you don't speak very good English then they will still be able to help you.
Current Offers:
If you borrow the maximum of £5,000, and make every repayment on time, for every 6th payment you make you will receive a Bonus Reward of £377. That means you would get a total Bonus Reward of over £2,279.67 paid back to you over the three-year term!|
Default Fees |
None - the interest just keep accruing |
|
Early Settlement Fees |
You can repay the loan early but if you do you will need to pay all of the interest that you would have paid over the full loan term – is better to pay off over time |
|
Other Fees |
Handling Fee - £2.50 |
|
Late Payment Fees |
None - the interest just keep accruing |
|
Arrangement Fee |
£40.00 |
Average Customer Review:
(8 customer reviews)
Add your own review
The most favourable review
The most critical review
Great company
Rob, London
5 months ago
Great service - they gave we £300 the same day I applied
bad
Mike, Croydon
1 year ago
rubbish, badly run fiasco of a company will never use again
ANGRY
Michelle, Doncaster
5 months ago
These people clearly dont know what they are doing as they keep phoning me for somebody that owes them money that does not own this contact number! They religiosly ring every week asking for money and when i inform them there is no such person on this number they say 'oh sorry' but then instead of deleting my number they ring for him again! STOP PHONEING ME YOU CLOWNS AND CHECK PEOPLES DETAILS PROPLEY BEFORE YOU GIVE THEM A LOAN!!!!!!!!!!!!!!!!!!!!!!!!!!! I WILL go to the police if you keep harrassing me!
dont go there complete waste of time and a sham
Nicola, Tonypandy
7 months ago
dont go there was told i could have a £500 loan and discussed repayments with them then had a phone call 30 mins later for my appointment to be told that i had been declined never mind i have an income of 1400 a month the madning thing about it i was promised this loan and i declined wage day advance who offered my £400 the same day not very happy with oakam not a very good on their loans also states false information to be told that they accept self employed but my dad was told the cant do self employed loans online so utter rubbish
sham!
Rj, London
8 months ago
After being kept waiting by very laxed but friendly enough customer service staff. I attempted to get a bonus loan of £4000 over 36 months to add to my wedding pot! complete waste of time. Initially told they could only offer me £1000 another 30mins later (and running late for an appointment, was told I had been declined, with no real reason, even the rep had no answer..... that's a total of an hour of my life I wont be getting back! Save yourself the trip!!!!
p.s. the only reason there is a star rating to this comment....because you cant post it, without selecting a star rating. But nil point.
Melrose House, 42 Dingwall Road, Croydon, CR0 2NE
020 8819 3767
existingcustomers@oakam.com
Locate a store near you
http://www.oakam.com/stores.asp
