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Important disclosure

Likely Loans Overview

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Oakbrook Finance started in 2011 to extend loans to a wider base of customers. These include borrowers who have difficulty applying for loans with bigger banks or lenders. Likely Loans is the personal loan program of Oakbrook Finance.

If you need funds for any personal purposes, Likely Loans may be just for you. These can fund almost anything from vacations to weddings, and even car or home repairs. To start, you can use the Likely Personal Loans calculator to know the estimated monthly costs.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

About Likely Loans

It is good to understand what you get in a Likely Loan before you apply. Here is a full list of features of a Likely Loan personal loan:

  • Limit from £500 up to £5,000
  • Term from 1 to 3 years (up to 2 years only for loans below £1,000)
  • Fixed APR (current rate at 59.9%)
  • Soft search loan quote
  • Instant credit decision (in most cases)
  • No product fees
  • Direct debit repayment
  • Funds in your account within 1 working day
  • No penalties on early repayments
  • Choice of topping up if you need extra cash

Need more details? You can learn more here.

About the application process

Before proceeding, you must know first if you can actually apply for a Likely loan. To qualify, Likely loan applicants must:

  • Be 18 years of age or more
  • Have permanent UK residence
  • Earn income or pensions yearly
  • Have a credit history in the UK
  • Own a bank or building society account in the UK
  • Not be bankrupt in the past year

Cleared on all the above? You can apply directly on Likely Loans’ website. Ready important information such as your address history, bank details, and source of income. Likely Loans may ask you to submit additional documents as proof, though.

 

Likely personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£5,000

Term

3 months

Change
Likely Loans

Likely Loans personal loans

Likely Loans personal loans
EST Monthly Repayment
£302 Inclusive of fees
EST Monthly Repayment
59.90%
APR
EST Monthly Repayment
12 months
to 36 months
EST Monthly Repayment
£500
to £5,000
Go to site
At Likely Loans, we offer personal loans from £500 to £5000. Depending on the amount you borrow and your personal circumstances, you can repay your loan over a period of 12 months to 36 months.
Featured
Nationwide

Nationwide personal loans (7,500 - 25,000)

EST Monthly Repayment
£145 Inclusive of fees
Interest Rate
2.90%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Go to site
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Featured
Santander

Santander personal loans for £7,500-£15,000

EST Monthly Repayment
£145 Inclusive of fees
Interest Rate
3.00%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
Go to site
You are eligible if you’re 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you haven’t been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Featured
HSBC

HSBC personal loans (15,000 - 25,000)

EST Monthly Repayment
£147 Inclusive of fees
Interest Rate
3.90%
APR
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Go to site
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Featured
Barclays

Barclays personal loans (15,000 - 24,999)

EST Monthly Repayment
£154 Inclusive of fees
Interest Rate
6.80%
APR
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
Go to site
When it comes to putting your plans into action, it’s personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply – without it affecting your credit score.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Likely Loans FAQs

Can I apply with Likely Loans even if I have a bad credit record?

You can apply so long as you haven’t been bankrupt in the last year. They encourage you to apply only on loan terms that you can easily manage.

Should I expect my monthly payments to change yearly?

No. Likely Loans only provides fixed rates, so your payments are also fixed every year.

May I know what rate I will get for my Likely loan?

Likely Loans may approve you for the current rate of 59.9%. However, the APR they give you may also change based on your credit record.

When I get my Likely loan quote, will this go on my credit record?

Not when it is just a loan quote. Only Likely Loans, and no other lenders, can see the results of the loan quote. Only after applying will it go on your credit record, which other lenders can see.

Can I apply for a joint Likely Loan?

No. At the moment, Likely Loan applicants can only apply as single borrowers.

How can I contact Likely Loans?

For the quickest response, you can fill up their contact form at their website. Otherwise, the Likely Loans contact number for inquiries is 0208-080-6457. You can also text them at 07984372073, or write to them at their Nottingham office.

Visit this link if you want to know more about Likely Loans:

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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