Alternative to Oakham
We are a direct lender providing an alternative to Oakham
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Representative Example
If you borrow £500 over 12 months, your total repayment is £929.40. Your monthly instalments will be £74.95 and a one off 6% administration fee of £30. Annual Interest (fixed) is 125% per year with a 280% Representative APR.
New customers can apply for a loan of up to £1000 for between 6 and 12 months. Existing customers can apply for a loan of up to £3,000 for a maximum 18 months.
Alternative to Oakham Finance
If you have a personal loan with Oakam – or their loan app Loal – you will most probably be aware that the company is now in administration.
But what does this mean for you?
Your current loan account will continue, but will now be handled by the administrators. You should still be able to access your account through the Oakam website. It is important that you continue to make loan repayments as normal. If you don’t do this it could affect your credit rating.
However, it is no longer possible to increase your current loan, or apply for a new loan with Oakam Loans or Loal. This is where Fair Finance can help.
Fair Finance provides an ideal alternative to Oakam Loans. Here are five reasons why:
- Fair Finance is a social enterprise. We are here for your benefit, not for ours.
- We aim to tackle financial exclusion by making our financial products and services inclusive and accessible for everyone.
- We build products that help people to solve financial problems, not make things worse.
- We believe that our customers deserve a fair deal, so we offer you the cheapest price that we are able to.
- We are always transparent, clear and honest.
So for a fair alternative to Oakam, why not give Fair Finance a try?
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WHY BORROW A FAIR PERSONAL LOAN
Bad Credit? On Benefits? New to the UK?
Discounts for existing customers
No hidden surprises
LET US ANSWER YOUR FAQ’s
We are a direct lender providing affordable loans of up to £3000
Why should I come to Fair Finance?
Fair Finance is a social enterprise. We aim to tackle financial exclusion. We build products for people with financial problems. We offer the cheapest price we can that is responsible and sustainable. We are actively transparent clear and honest.
I am not working can I apply for a loan?
Yes, we lend to those who are working or are on benefits.
How long does it take to get the money in my account?
After you have completed your online application form and submitted your bank statements, our team gets back to you with a decision within one working day or 24 hours. Remember, if we don’t have your bank statements, we won’t assess your application. In some cases, we may need to require extra documents such as a proof of ID or address. Once all documents are provided, the loan contract can be signed. Once it is signed, we deposit the money in your account on the same day during week day, and on Monday if you sign your contract on the weekend.
Any more questions?
Money worries? Need information or Advice?
