Oak Loan operates as a registered trading name of PingYo Inc., functioning as an online loan brokerage service rather than a direct lender. The company's mission is to simplify the process of finding short-term and personal loan options for UK residents by providing a single, quick online application. This application is then used to match the applicant with suitable lenders from its pre-approved panel, covering loan amounts from £100 to £5,000. The service is free for the consumer, as Oak Loan receives a commission from the lender if the user enters into a loan agreement.

Founded in

United States