This company have gone bust. Don't bother to use them for a new loan or top up they aren't allowed to lend hope this helps. Andrew Tate and James Hopkirk of Kreston Reeves LLP were appointed Join... See more
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See what reviewers are saying
Absolutely amazing, I have a bad disability which drains me both energy and tiredness. I've looked through several loans as you do to compare. I was blown away with how quick and simple (and painless... See more
Excellent. No bull****, clear & transparent terms. Short application -- only essentials that matters to check basic credit score. After checks -- if you not qualified for amount You selected... See more
Company replied
The application was fast and easy. The decision was almost immediate and the monet was in my account within 10 minutes. Also everything was explained in simple terms without seeming like it had been... See more
Company details
Written by the company
Oakam Limited (In Administration) Andrew Tate and James Hopkirk of Kreston Reeves LLP were appointed joint administrators of Oakam Limited trading as "Loal" (the "Company") on 24 February 2022. The affairs, business and property of the company are being managed by the joint administrators and further information regarding the Administration is available at the following website: https://www.krestonreeves.com/oakam-ltd-loal-app-faq/ The Company has now ceased to trade and all enquiries should be made directly to the Joint Administrators at restructuring@krestonreeves.com. The Joint Administrators act as an agent of the company and without personal liability.
Contact info
Sunley House, CR0 2AP, Croydon, United Kingdom
- hello@oakam.com
- oakam.com
Very poor
Was told i was accepted for a loan, the money was never transferred a day later, called them, was told it would be transferred soon, still never appeared. called again, they told me I had entered my bank details incorrectly, which I knew I hadnt. Told me to apply again, and that I would be accepted, applied again and I was refused. Dont bother with them.
June 25, 2021
Unprompted review
Reply from Oakam
Hi Paul, We're sorry we haven't followed up on your application as quickly as we should have. This is not in our spirit and would like to apologise for the inconvenience. The good news is we have identified your account and we're working to resolve the issue asap. We will be in touch soon.
The Oakam team
I am so happy was shocked how fast my…
I am so happy was shocked how fast my application took and my decision took and was so happy they gave. Me a loan the money was paid in to my account in less than 5 minutes oakam have really been a big help to me
June 24, 2021
Unprompted review
Unlike a lot of online lenders who mess…
Unlike a lot of online lenders who mess about and waste your time oakam are genuine and very fast to get money to you highly reccomend them
June 23, 2021
Unprompted review
Great fast service
June 23, 2021
Unprompted review
Awful company
Awful company, avoid at all costs. Ridiculously high interest rates, and will constantly offer you more money. Do not do proper credit checks and fail to provide service they should offer and do due diligence. Had to put in an affordability complaint due to not following guidelines.
June 22, 2021
Reply from Oakam
Hi Ryan, We're sorry to hear you've not had a good experience with us. We've reached out to get more information from you so we can identify your account.
We do full credit checks on all loan applicants and we conduct an extensive affordability assessment before offering a loan. We're an FCA registered company and pride ourselves on being fair, affordable and transparent.
Our interest rates are competitive. We offer lower rates than many other loan companies.
Full details of how to complain about our services are available on our website.
Thanks,
The Oakam Team
Good service easy application
June 22, 2021
Unprompted review
Never heard back
Applied for a loan.. never heard back…
I applied for a loan over 24hours ago. The message that came up was that the access I had given to my bank wasn’t working and that they’d be in touch. I tried to call to chase my application but I couldn’t get through the phone line. No rejection, but no acceptance email either. Confused.com
June 22, 2021
Unprompted review
Reply from Oakam
Hi Liv, We've tried to contact you to discuss this issue. Please give us a call on 0203 9 11 1777. We are open Monday-Friday, 8-7pm and on Saturdays, 9-6pm. Thank you and we're sorry you've had this experience.
Never take top up as they don't gona give you it
The first and second loan was fine money was quickly.after that I wanted to use top up option as oakam offered me top up but got declined okay I don't know why I got aggai offer from oakam to top up my loan okay I have it done aggain and got declined aggain so basically they are not here to make up credit score but they are here to broke it with these hard searches will pay my loan and never come back to oakam as I am loyal customer Aswill.and I don't understand why u offer to use top up if u can't give one.so I have 2 hard searches im my credit file because oakam is giving offer but after all they declined it.waste off time this place is.
June 20, 2021
Reply from Oakam
Hi Ralph. Thanks for leaving this review. We've looked into your account but there is no record of us having sent you communications inviting you to top up. Please can you send copy of the email or SMS we sent to feedback@oakam.com so that we can confirm?
If a customer is declined, they are not eligible to reapply for 30 days. If they attempt to apply again within that time, no credit bureau checks are run on that customer. If the customer decides to reapply after 30 days, this is treated as a new application. We can see that you have tried to apply numerous times in the last few days - but don't worry, these did not cause extra credit bureau searches.
Oakam
First loan
Very quick and easy too apply, for a loan, money paid out quickly. What more could I ask for
June 18, 2021
Unprompted review
Very efficient service
Very efficient service. I completed the application and within minutes the money was in my bank account. I was offered different options and easily found one that suited me which was great. Very happy to do future business with Oakham!
June 18, 2021
Unprompted review
I can not fault this company at all
I can not fault this company at all. Simple application & money transferred straight away! Very clear on the gist of borrowing also. 5*
June 17, 2021
Unprompted review
It was really straight forward and easy…
It was really straight forward and easy to use and they seem to listen to you more than any other service so very happy
June 15, 2021
Unprompted review
Great,fast paymant!
June 15, 2021
Unprompted review
Fast reliable and easy to use
June 14, 2021
Unprompted review
Very quick and efficient.
June 14, 2021
Unprompted review
Professional service
I work full time this month has been very straing and for some reason or other we fell short of cash but thanks to oakham promt and proffesional service we had our loan within miniutes 5 star service
June 13, 2021
Unprompted review
Brilliant service
Brilliant service, easy app to use would highly recommend.
June 12, 2021
Unprompted review
Very good service nice simple friendly…
Very good service nice simple friendly website and everything clear and funds were transferred in minutes. I highly recommend Oakham:)
June 12, 2021
Unprompted review
Reply from Oakam
Thank you Mr Smith. We're very happy we could help out.
Help Needed
Hello! I have just taken out a £200 loan and there is no option to early repay it ANYWHERE on the app or the website. I dont want to pay £176 interest as i can pay it off by end of July. How do i pay more than weekly? I want to make one big repayment? Could anybody help?
June 11, 2021
Unprompted review
Reply from Oakam
Hi Sophie - you can pay off you loan in full by calling one of our team on 02039 111 777. Our contact centre is open Monday to Friday between 8:00am and 7:00pm and on Saturdays between 9:00am and 6:00pm.
You should also be able to settle your loan in the app. It could be that you can't see this option because you're using an older version of the app. Please make sure you're using the latest version by visiting the app store (either Google Play or Apple depending on your device) and updating the Oakam app.
Hope this helps. Feel free to email us at feedback@oakam.com if you experience and problems.
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