Oakbrook personal loans
Oakbrook Loans allows you to borrow from £1,000 up to £10,000, depending on your individual situation.
Repayment terms for Oakbrook Loans range from 12 to 60 months. The amount you borrow may affect the repayment term you qualify for.
Interest rates on Oakbrook loans are fixed, which means your monthly repayments will stay the same for the length of the term.
Oakbrook loan rates
The interest rate you could get on an Oakbrook loan will vary between individuals. Oakbrook will set a rate of interest based on the amount you borrow, the length of the repayment term and your credit history.
After you submit your personal and financial details in your application, Oakbrook will use these to determine the personalised APR you receive.
APR stands for annual percentage rate and tells you the total cost of a loan over one year, including the cost of interest and any standard fees.
This figure may be different to the representative APR that Oakbrook advertises. The representative APR is the maximum APR that at least 51% of applicants that are approved for a loan will receive, which means that up to 49% could receive a higher rate.
Can I get a secured loan from Oakbrook?
Oakbrook only offers unsecured personal loans. When you apply for these loans, you don’t need to put forward any property as security, unlike for secured loans.
Secured loans require some form of security, such as a property or other high-value item, which the lender can repossess if you fall behind on repayments.