Open Banking loans
At Oakbrook Loans, we believe there’s more to you than your credit score, and we know that your credit history can sometimes get in the way of your loan application even if your personal finances are currently in good shape. Annoying, right? That’s why we like Open Banking. It doesn’t skip past the important bits so you can achieve what you want to do with a personal loan.
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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 9.9% APR to maximum 34.9% APR. Loan terms for 12 – 60 months.
How do Open Banking loans work?
Open Banking allows third-party providers access to your financial information and banking data, safely and securely. Think of it as just like sending in your bank statements, only much quicker and more straightforward. This allows us to make better lending decisions so you can get the loan you actually deserve.
You’ve probably already experienced the benefits of Open Banking as many money management apps already use your bank transaction data to help you understand your spending habits and recommend ways to save money.
How do I apply?
When applying for one of our unsecured personal loans there are three simple steps to follow:
1. Tell us a bit about you
2. Get an instant response
3. Money within hours
Ready for your personalised quote?
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Why apply for an Open Banking loan?
At Oakbrook Loans, we might use Open Banking to assess your loan application, whatever you need to use your loan for. Whether it’s for debt consolidation loans, wedding loans, home improvements or something else, your bank account will finally be able to do the hard work for you. With Open Banking you take advantage of:
- Safe and secure sharing of banking data and financial information.
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An online account that is as easy to manage as online banking.
Manage your account online where you can contact us, manage your payments and if eligible, apply to top up your loan.
- Getting the money in your bank account in just a couple of hours.
