Find and compare low rate loans from 2.8% APR

Compare loans

Oakham Loans Review [Read Our Expert Opinion]

Jane Wardle

Written by Jane Wardle on

Updated

oakam-loans-review

Overall Rated: 4.7 / 5

Summary

Oakam is a loan lender that is on offer to anyone who feels financially excluded, limited with a credit rating or needs urgent capital that can be received on the same day after a fast application, online or on the phone.

Oakam does two different types of loans: Oakam Loan and Lift Loan. These two different loans are provided for either emergencies or large purchases depending on the customers’ needs and the amount of capital they desire to lend to solve their problems.

The Oakam Loan can provide you anywhere from £200 to £1,750. This loan can be paid back anywhere between 3 and 12 months, offering you flexibility depending on the amount you choose. This loan package is designed for customers looking to deal with emergencies, smaller debts of special events. The key benefits of this type of loan are: it can build your credit rating, it is the same day loan, and there are no early or late settlement fees.

The Lift Loan can provide you anywhere between £2,000 and £5,000. This loan can be paid back within 24 months. This loan offer is suitable for customers looking for financial assistance with large purchases, business opportunities and home improvements. The main benefits of this type of loan are flexible repayment loan, same day loan and another chance to build your credit rating.

 

 

Trust and Reputation

Rated 4.7/5

It is clear to see that Oakam have a very credible trust and reputation. Over 90% of customers rated them 9.5 out of 10, with an overall rating of 9.7 out of 10 on Trustpilot. This is an outstanding score especially considering there are around 7,000 reviews, showing just how many previous and existing customers value the service offered. Moreover, over 45% of new customers were referred by an existing customer. This speaks volumes about the company’s approach. Oakam customers come from numerous diverse backgrounds and nationalities and are dealing with their native language. This plainly shows a company willing to go that extra mile for each individual and their circumstances.

Expertise and Knowledge

Rated 4.7/5

Oakam is reshaping the global industry of micro-lending and is adapting their focus on helping people by looking at how digital innovation and community-based lending can transform financial futures. The main innovation that Oakam uses is the modern Fintech, which is financial technology. Its primary aim to make services more efficient and convenient so that customers can have better satisfaction and the company can optimise for more impact. A Fintech company is normally a start-up and one that disrupts traditional software appliances, finding a new way to operate. Fintech can ultimately manage your money better can gain better data from modern ways of the internet such as social media accounts and other sources to assess the needs of young business’ and start-ups.

Customer Service

Rated 4.7/5

With a Trustpilot rating of over 9.7 out of ten, customer satisfaction is one of the highest in the industry for Oakam.. Some of the main points and accolades are for the ‘thorough and excellent customer service’ and the ‘customer experience that was simple to use’. This seems to be a common occurrence on the reputation of Oakam.

It is clear to see that Oakam prides themselves on quality customer service in stores spread across the country such as Derby, Birmingham and West Bromwich. Although the company has franchised and expanded, they really do seem to stick to their roots of putting the customer first. Oakam also has an outstanding rating on choosewisely.com with a rating over 4.9 out of five from over 7,300 individual customer responses. The consistency across the different review sites gives a clear outline of the credibility of Oakam and what they offer in their industry.

We are independently reviewed by our verified customers and web users:
Rating: 4.7 / 4.7 with 1 votes

Lending Expert is a credit broker, not a lender.

We bring together the very best providers and deals from across the market place.