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There are two ways for you to borrow from Oakam again:

1. During your current loan term
2. At the end of your loan term

‘Top up’ loan

If you have a loan out with us but you need to and can afford to borrow a larger amount, you can apply to ‘top up’ your loan. If your ‘top up’ is approved we will close your current loan and issue you with a new loan agreement for the additional money and the amount outstanding on your previous loan.

It is important to remember that short term loans are not to be used for long term credit needs, so you should only consider borrowing more money if you experience an emergency and as a responsible lender we will not lend if we believe that our loans are being used for supplementing income on a regular or ongoing basis. We will also only allow you to apply for 2 top-ups while you have a continuous balance, after these top-ups you will need to repay in full before you can apply again.

At the end of your loan term

If you have repaid your loan in full and closed your loan account with us, you are able to reapply for a new loan any time by calling us on 020 8819 3767 or visit one of our stores.

All applications will need to go through our thorough assessment process to consider your current circumstances, ensuring that you can afford the repayments however we will also consider your previous repayment history with us.