Sites like Oakam for short term instalment loans

As well as its high street money shops, Oakam provided short term personal loans online. If you're on the lookout for similar online direct lenders, you're in luck.

Oakam has entered administration, however you can compare alternative providers.

Oakam stated that it provided a solution to financial exclusion, empowering those overlooked by traditional lenders. Putting that in plain English, Oakam lended to people who found it difficult to borrow from banks. Because it also reported repayment behaviour back to credit reference agencies, repaying an Oakam loan on time also helped you to build/rebuild a positive credit record.

Online lenders that offer similar loans to Oakam

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

NameEstablishedLoan types
The Oakam Loan / The Lift Loan
The Oakam Loan / The Lift Loan
2006
Instalment loans
Lending Stream Instalment Loan
Lending Stream Instalment Loan
2008
Instalment loans
Moneyboat Short Term Loan
Moneyboat Short Term Loan
2011
Instalment loans
QuidMarket Short Term Loan
QuidMarket Short Term Loan
2011
Instalment Loans
Conduit Short Term Loan
Conduit Short Term Loan
2012
Instalment loans

As well as comparing short term loans with other types of credit, before you apply for a loan it’s a good idea to shop around and compare a range of lenders.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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