Personal Loans
Personal loans can help spread the cost of large purchases, unexpected expenses, home improvements, weddings, or other important life events through fixed monthly repayments. They can also be used for debt consolidation, helping combine existing financial commitments into one more manageable payment.
Oakbrook Loans offers unsecured personal loans with clear terms, flexible repayment options, and a simple online application process. Customers can make overpayments and manage their loan easily through an online account, while a soft-search eligibility check allows you to explore your options without affecting your credit score.
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Representative example
Borrowing £10,000 over 48 months at Representative 24.9% APR and interest rate 24.9% p.a (fixed) with monthly repayments of £317.64 and a total amount payable of £15,246.76. 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.
When consolidating your existing borrowing, you may extend the term of your debt and increase the total amount you repay.
How do personal loans work?
A personal loan application with Oakbrook Loans starts with finding the right loan rates for you. Enter your chosen loan term and desired total amount into our personal loan calculator to find out how much your monthly payments would be. If that’s right for you and your lifestyle, you can then check your eligibility with our eligibility calculator which will give you your guaranteed APR if you’re accepted. Don’t worry about affecting your credit score - this uses soft credit checks.
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. Single monthly repayment date
Ready for your personalised quote?
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Why apply for a personal loan?
If you need a little extra an Oakbrook Loan may be able to help you. Once you apply online, managing an account with us is as straightforward as online banking, you can repay your loan, top up your loan and make overpayments 24/7, 365 days a year. This is what makes us a great option for simple and flexible borrowing. Other reasons are:
- No fees.
- Instant eligibility decision.
- We will try to pay your money into your bank account as soon as possible. However, during busy periods this could take up to 5 working days.
- You pay just one monthly repayment.
- Managing your loan is intuitive and efficient.
FAQs - People Also Ask
You can apply online with Oakbrook Loans in minutes. Tell us how much you want to borrow and over what time. We'll run a soft credit check first this won't affect your credit score. If you go ahead and we approve your application, the money goes straight into your bank account.
Apply online with a lender like Oakbrook Loans. You can borrow up to £15,000 personal loan. The rate you're offered depends on your credit history and personal circumstances. Checking your eligibility first gives you a personalised rate without affecting your credit score.
Online lenders are usually the fastest route. With Oakbrook Loans you can apply online, get a decision shortly after, and if approved, receive the money the same day or the next working day. Approval depends on your personal circumstances.
No all FCA-regulated lenders in the UK must carry out a credit check before approving a loan. This is a legal requirement to make sure borrowing is affordable for you. However, many lenders, including Oakbrook Loans, use a soft credit search when you check your eligibility this won't affect your credit score. A hard search only happens when you submit a full application.
A personal loan can be used for a wide range of purposes home improvements, a wedding, a car, debt consolidation, or other large purchases. You borrow a fixed amount and repay it in fixed monthly amounts over an agreed time.
With most online lenders you can get a decision shortly after applying. If approved, funds are usually in your bank account the same day or the next working day. The exact timing depends on the lender and your circumstances.
There's no fixed minimum credit score. Lenders look at your full financial picture your income, outgoings, and credit history when deciding whether to approve you and what rate to offer. A better credit history generally means a better rate, but it's always worth checking your eligibility before applying.
Yes, you can pay off your loan in full at any time. With Oakbrook Loans, an early settlement charge of up to 2 months' interest may apply.