Bathroom Loans
Bathroom renovations take time and money, which is why if you’re looking to upgrade to a bathroom with all your dream features an unsecured personal loan from Oakbrook Loans may be the quickest way forward.
Read more
Debt consolidation loans
Consolidate multiple debt repayments into one manageable monthly payment through a debt consolidation loan with Oakbrook Loans. Use our loans calculator, input your preferred loan term and the total amount you need, and we'll provide a clear breakdown of what your monthly payments need to be to repay your loan.
£
months
${ loanTerm } monthly repayments of
£${ monthlyRepaymentAmount | formatCurrency }
Total repayable
£${ totalRepayableAmount | formatCurrency }
Representative example
Borrowing £2,000 over 24 months at Representative 19.9% APR and interest rate 19.9% p.a (fixed) with monthly repayments of £100.16 and a total amount payable of £2,403.84. This example is for illustration purposes only. The rate and term you are offered is dependent on your individual circumstance. Rates from 19.9% APR to maximum 34.9% APR. Loan terms for 12 – 60 months.
Benefits of a debt consolidation loan
If you have debts with multiple lenders, a consolidation loan gives you the option to manage your financial commitments, including credit card debt. Simplify your bills by combining multiple payments into a single loan repayment and potentially lower the total amount payable if you can find a loan with a lower interest rate.
Benefits of an Oakbrook debt consolidation loan:
- One single payment each month, making it easier to keep track of your finances.
- Pay just one rate of interest on our loan.
- You could improve your credit score if you pay off your loan on time without taking on further debt.
It’s worth bearing in mind that:
- With any loan, you’ll pay back more than you borrow because of interest charges.
- You could damage your credit score if you miss your loan repayments.
Benefits of a debt consolidation loan
If you have debts with multiple lenders, a consolidation loan gives you the option to manage your financial commitments, including credit card debt. Simplify your bills by combining multiple payments into a single loan repayment and potentially lower the total amount payable if you can find a loan with a lower interest rate.
Benefits of an Oakbrook debt consolidation loan:
- One single payment each month, making it easier to keep track of your finances.
- Pay just one rate of interest on our loan.
- You could improve your credit score if you pay off your loan on time without taking on further debt.
It’s worth bearing in mind that:
- With any loan, you’ll pay back more than you borrow because of interest charges.
- You could damage your credit score if you miss your loan repayments.
Who can apply?
To apply for a debt consolidation loan, you must:
- Have a valid email address.
- Be aged between 18 – 73.
- Be a resident of the UK.
- Have a UK personal bank account.
- Be confident you can afford the monthly repayments.
Criteria we review
- Credit history.
- Financial circumstances.
- Any credit commitments with other lenders.
- Your ability to afford the monthly repayments.
Things to consider before taking out a debt consolidation loan
- Check your existing credit commitments. Identify which ones make sense to combine into a new loan.
- Look at the individual interest rates on all your debts. If they are higher than what you are offered on a new loan, consolidating your debts may make sense.
- If you have savings, think about using these to settle your debts. Loan interest rates are typically higher than what you earn from savings.
Why choose Oakbrook Loans?
Seamless online account
Effortlessly manage your account online, including payments and if eligible, loan top-ups, all in one user-friendly platform.
No fees
Our process is completely transparent, ensuring that you have full visibility into every step without any hidden fees whatsoever.
Single monthly repayment date
Enjoy the convenience of one payment date each month, making your finances easy to manage.
Frequently asked questions
Do you charge any fees?
No we don't. What you see is what you get with an Oakbrook Loans, there’s nothing hidden – ever!
Can I make overpayments on my loan?
Yes you can. Overpay as much as you want to as many times as you like with no penalties and reduce the overall cost of your Oakbrook Loan.
What if I want to make an additional payment or partial settlement?
Any additional payments to your loan will be applied to your account straight away and reduce the balance. This will reduce your overall interest, but your monthly repayment amount will remain the same. To make an extra payment or partial settlement please login to your account.
How do I change my monthly payment date?
You can change your regular payment date in your online account. This will slightly change the interest that you are charged in the month the payment is moved. If your new repayment date is earlier than your scheduled repayment date, then the interest will reduce. If the new repayment date is later then it will increase.
Loans to suit all needs
Ready for your personalised quote?
£
months
${ loanTerm } monthly repayments of
£${ monthlyRepaymentAmount | formatCurrency }
Total repayable
£${ totalRepayableAmount | formatCurrency }