Oklahoma Payday Loans

OklahomaFlagIf you’re thinking about getting a cash advance in Oklahoma, its best that you first find out the regulations regarding the transaction. The state currently practices several caps and limitations for payday loan, providing ample protection for the consumers. Here at our site, you can be made aware of these different rules, letting you make the most out of your application.

Information for payday loan in different states is also provided here. Questions, concerns and feedbacks are also welcomed.

 Payday Loan Process in Oklahoma

Obtaining a payday loan in OK is simple, usually taking as little as one week. Within this time, borrowers can send their application, get a response and have the cash deposited to their bank account. Following are the known requirements for each borrower:

  • Must be 18 years old and above
  • Must be a resident of Oklahoma
  • Must be employed
  • Salary must meet minimum requirements as set by lender
  • Owner of a savings or checking account


It’s not always necessary for the borrower to be employed. Some lenders also offer their services to people receiving welfare checks. Even retired seniors are granted payday loan privileges with the borrowed amount usually dependent on their monthly check. Bad credit borrowers are also accepted.

Oklahoma Payday Loan Laws and Regulations

All borrowers should be aware of the limits placed by law on every payday loan transaction. According to OK policies, all lenders must adhere to the following caps:

  • Maximum Loan Amount: $500
  • Loan Term: 12 to 45 days
  • Finance Charge $100 Loan in 14 Days: $15
  • APR for $100 Loan n 14 Days: 390%
  • Maximum Number of Outstanding Loans at a Time: Two
  • Cooling-off Period: 5th Repaid Consecutive Loan, 2nd Business Day
  • Repayment Plan: Allowed
  • Rollovers: Not Permitted
  • Collection Fees: $25 NSF fee

Maximum finance rates are dependent on the cost of the loan. Typically, the rate is $15 for every $100 borrowed. If the amount is between $301 and $500, an additional $10 is enforced.

Oklahoma Consumer Protection

Any questions, complaints and problems can be directed to the Oklahoma small loans regulator. Currently, the Oklahoma Department of Consumer Credit handles these kinds of issues.

  • Address: 4545 North Lincoln Boulevard, Suite 104 Oklahoma City OK 73105
    Phone: (405) 521-3653 
  • Fax: (405) 521-6740
  • Look For: Jack Stone, Deputy Administrator
  • Web: www.oag.state.ok.us


To increase consumer protection, borrowers are advised to read the documents before signing their name. Any inconsistencies or vague portions of the transaction should be cleared as this can lead to problems later on. To settle problems or verify the trustworthiness of a lender, borrowers can also contact the regulating body.

Oklahoma Payday Loan Alternatives

Cash advance loans are not the only option for short-term borrowings. Individuals also have the option of obtaining cash advance through their employers, negating the need for interest rates. Selling some items or simply pawning them off is also a good idea. Credit cards can be used for some purchases while large monetary needs translate to bank loans. If the required cash is small enough, you might also borrow from friends and relatives which is the easiest solution possible.

Map of Oklahoma


Payday Loans cities in Oklahoma:
Ada Altus Alva
Anadarko Ardmore Atoka
Bartlesville Bethany Blackwell
Braman Broken Arrow Burlington
Catoosa Chandler Checotah
Cherokee Chickasha Claremore
Cleveland Collinsville Comanche
Cushing Del City Duncan
Durant Edmond El Reno
Elk City Enid Eufaula
Fort Gibson Frederick Gore
Gracemont Grove Guthrie
Guymon Harrah Heavener
Henryetta Hobart Holdenville
Hugo Idabel Inola
Jay Jenks Kingfisher
Konawa Lawton Lindsay
Lone Grove Lone Wolf Madill
Mannford Marietta Marlow
Mcalester Mcloud Medford
Miami Midwest City Moffett
Moore Muldrow Muskogee
Mustang Newkirk Nichols Hills
Norman Nowata Oklahoma City
Okmulgee Park Hill Pauls Valley
Pocola Ponca City Poteau
Prague Pryor Roland
Sallisaw Sand Springs Sapulpa
Seminole Shattuck Shawnee
Stillwater Stilwell Stratford
Stroud Tahlequah Tecumseh
Tulsa Vian Vinita
Wagoner Walters Warr Acres
Weatherford Webbers Falls Wilson
Woodward Yale Yukon

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