Likely Loans was started in 2014 initially owned by Oakbrook Finance. Their mission is to suit customer needs and provide loans that are affordable, easy to repay and beneficial which is why they do their utmost to find a plan that is in the best interest of their clients.

Likely Loans put forth a new idea and a great method for people who previously have a bad credit rating and get disheartened about receiving another loan to make amends and still be able to take loans without even having a guarantor making it one of the most popular lenders of its time.

Their online application makes them even more convenient for any person who despises endless visits to a bank and fills out numerous forms without knowing if you will even be accepted, which is why Likely Loans took the initiative to provide you with the best possible way to receive a loan without any barbaric paperwork or difficulties.

In fact, their online application makes you not feel uncomfortable with a face to face, and you can find out if you are eligible or not, in a matter of 24 hours.

Their loan range is incredible, meaning there would find a loan that perfectly fits your situation. These loans can be used for anything such as car finance and repair, bathrooms, a new kitchen and home improvement. They even cater for the self-employed and loans for people with bad credit, and even offer a No Guarantor loan option.

This abolishes the concept of feeling vulnerable if you have a bad credit rating or are unable to get a loan from a typical high-interest-rate bank system loan, instead this creates far more opportunities and methods for you to obtain credit, big or small and for multiple purposes.

These easy to repay loans range from about £500 as their minimum to £5000 being their maximum amount to offer which can be spread about 12 months, 24 months, 3years, 4 years or their maximum time period being 5 years.

How To Apply For Likely Loans

You can log onto their website to find a quick and simple application form. Now, this doesn’t require you to make an account to receive your quote for a loan; you can receive that without paying as much as a dime.

However, if you do plan on taking an active part in their community and do want to seek a loan then it is much rather preferred that you do make an account so you can be kept updated on your entire loan process online and a click away. It even helps you check your loan balance; change any personal information that you may want to with time and more.

You can first check out if you are eligible with a few simple steps ok their website and get an almost instant reply for if you are eligible and if that part is cleared, you can move on to fill their application.

Further, in your application process, it will ask for you to upload any form of identification as part of some personal data gathering; this can include your valid ID card or driving license.

They may ask to know your earning and your source income on a monthly just as some basic means to configure authentication that links a customer to their company. This step is essential as this is entirely an online process; it may be risky to handle.

You will receive an email to help you set up your account at first and how you can manage it and be able to see your loan balance and your repayment amount and various other details.


  • No arrangement fee means that it is free and completely easy to sign up for unlike other companies that grant loans.
  • Low-interest rates and APR
  • Low eligibility criteria, which means that as long as you are capable of handling your finances and are 18 years of age to be legal age, you are eligible to receive this loan.
  • Instant decision means that’s no more waiting for days only to find out you were rejected or accepted. This will also mean that you will get your loan in a matter of days.


  • Offers available, only based in the UK.
  • Do not take credit card repayments, which will help to make you less in debt for starters. However many people do tend to use their credit cards a lot more often which will make it inconvenient.

Additional Information

A car has somewhat become mandatory in a person’s living. Whether it be to drive to work on a rainy day or if your old car is giving you trouble, but you don’t believe you can ever save up enough from a monthly paycheck because you keep spending it on other things you may want.

With the help of their Car repair and Car loans, you can purchase a new car or have your current one fixed with the easiest method of the application without even being at risk of a bad credit rating.

If you have previously suffered from some debt or have missed a couple of repayments due to some minor or major problem and have become bombarded with interest and arrears charges that you can no longer cope with on the monthly? Then their Instalment loans and Debt consolidation loans will become useful for your cause.

If you wish to plan an extravagant wedding which is a once in a lifetime opportunity but has fallen short of some budget? Likely Loans has a better choice with its Wedding loans.

Whatever your needs are, from the household kitchen and Bathroom loans to Unsecured loans, Home improvement loans, Boiler loans, loans for self-employed to loans for young people there is always a category for you.

Furthermore, they offer a range of method to pay as well. A common way is through Direct Debit; however, they even have a free 24-hour payment line for you to pay whenever you possibly can without any rush or hassle. You can even pay online, or via text with the upgraded technology, there are numerous ways to receive or send money.

You can even avail their option to receive a cheque, simply write it to ‘Oakbrook Finance’ to their address with your name, your address and your required Likely Loans account number. Furthermore, they send a repayment reminder text 5 days prior to the due date of your payment which makes it far easier to not forget.

In the event that you make an instalment by a Debit Card or Bank Transfer, it will be connected to your record that day. It can take up to 5 working days for instalments with a money order to be cleared on to your record.

If you have lost or misplaced your copy of the loan agreement, you can access their website and contact them through there or call them whichever is most suitable for your case.

However, if they still manage to not be up to the mark for your cause if you remain unsatisfied by any of their conditions or face certain difficulties and would like to register a complaint as they would do whatever they could to set their motive right and appreciate your complaint.

You can call Tel: 0208 080 6450 or email them for filing a complaint be sure to be as detailed and precise with your problem, and they will get in touch with you as soon as they can.

Final Verdict

With the forum that Likely Loans has set up to facilitate its clients with the best loans with an affordable, yet reliable source is one of its main reasons to be one of the greatest initiatives of its time. With low-interest rates, people are provided with a sense of security lending from the company.

Even its eligibility criteria trump all other banks in comparison as only requires simple and straightforward work. The idea behind these loans is that people can receive the amount of money that they want for a specific reason which they want to understand and want to equip you with so that no occasion is left unsettled with you mainly because you did not have enough funds at the time.

It can be rather difficult saving up on monthly bases when you have trouble with, and you may like little things, or some scenarios occur that you just cannot refuse.

It’s much easier said than done. With the easy method of you to select a repayment day for yourself means that you can always coincide it with a payday for yourself, so you don’t spend the money.

Likely loans understand vulnerability; however big or small it may be, everyone wants to live a life of freedom and be able to spend without having to be reminded of a budget they set for themselves continuously. For moments that are special like a wedding or a necessity for the new generation having a car.

Likely Loans has some of the greatest possible loans available for you as simple as an online application away! There would be no difficulty as they have an absolutely free helpline to have you worry free when calling to receive some guidance about a loan.

Their loan can be taken for up to 60 months which means that you don’t have to rush to repay. Sometimes a little is all you need therefore they make sure you get the help you deserve.


What documents will I receive after I apply?

As part of your application completion and successful approval, the company will provide its clients with all the information that is conducted as part of their loan. This will include, a set of terms and conditions for your loan agreement, some data of your Direct Debit account that the company has set up on your behalf.

Your selected or default repayment date along with a few other important details regarding your loan.

This information is recommended to be thoroughly gone over, and any concerns or queries can be consulted through their customer care service helpline which is provided and if free for if you want to call via mobiles and landlines.

What do I do if I want to make an additional payment or partial settlement?

Any amount of payment that you make aside from your regular monthly repayment will be considered an overpayment as part of your account.

Overpayments are not subjected to any interest rebates which mean that you will still have a monthly repayment which you will have to pay however, they will be highly beneficial to reduce the time period for you loans availability.

On the other hand, if you do plan of having a partial settlement and reduce the interest rate of your initial loan you can contact their service provider to help you set up this settlement for you.

I can’t see my repayments on my account. Why?

They are working on making it possible to see what payments you’ve made on your loan and the amount you’ve got left to pay. Until then, if you do want to check anything about your account, you can get in touch with their helpline, contact their page or call on 0208 080 6450.

If my Direct Debit fails, will you take the money by other means?

On the chance that your Direct Debit fails for repayment, at the point they will try to take your instalment again in about 3-5 working days. In the event that it fails for yet another time, at that point you should make your instalment physically utilising one of the techniques listed on their website page which incorporate: repayment through texts, online, bank transfer etc.

Will applying affect my credit file?

As soon as you have applied for a loan, finding yourself eligible to apply on their website, this will not be seen by any other customer or client or reflect on your credit file. However, once you have been successfully approved or rejected depending on the company’s decision, it will be shown on your credit file.


Here you can find more about Likely loans: YouTube

Company Details
  • Registration Number: 07831517
  • Incorporation Date: 2011-11-02
  • Status: Active
Loan Details
  • APR 59.9% Representative
  • Loan Amount £500 - £5,000
  • Repayment Duration 12 - 60 Months
Contact Likely Loans
  • via Phone: 02080 806450 Call
  • via Email:[email protected] Email
  • via Post: The Poynt North, 45 Wollaton Street, Nottingham, United Kingdom, NG1 5FW