Oklahoma Payday Loan Laws and Regulations in (OK)

(last updated 11/13/2019)
Payday loans and cash advances are legal in Oklahoma. The Oklahoma Department of Consumer Credit has been regulating Payday Loans and Cash Advances since September 1st, 2003. As of 11/20/2014 there were 51 licensed lenders and 326 licensed locations in Oklahoma.
The maximum payday loan allowed in Oklahoma is $500. The maximum payday loan as a percentage of income is not specified. The number of loans that can be open at one time is 2. The maximum permissible fees allowed in Oklahoma is $15 per $100 from $0-$300: an additional fee of $10 per $100 from $301-$500, a maximum APR of 390%. The cooling off or waiting period for obtaining another loan is after the 5th consecutive loan is repaid, 2 business days. The number of rollovers that are permitted is 0. The minimum loan term is 12 days. The maximum loan term is 45 days.
This information is for informational purposes only. Although care has been taken to accurately describe the laws and regulations in Oklahoma, no guarantees are implied or expressed about its accuracy. This is not legal advice. If you need legal advice, please consult an attorney or the Oklahoma Department of Consumer Credit.
The following classes of lending organizations may be exempt from some, all, or none of the laws set by the state of Oklahoma. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.

Oklahoma Payday Lending Regulator (OK)

Regulating Authority
Oklahoma Department of Consumer Credit
3613 Northwest 56th Street
Suite 240
Oklahoma City, OK 73112-4512
(405) 521-3653

Agency for Handling Complaints
Department of Consumer Credit
3613 Northwest 56th Street
Suite 240
Oklahoma City , OK 73112
(405) 521-3653


Related Oklahoma Loan Programs

Personal Loans for Bad Credit in OK
$500 to $5,000 - Credit Score Less Than 650
Personal Loans in OK
$1,000 to $35,000 - Credit Score 650+
Small Business Loans in OK
$2,000 - $500,000 - All Credit Welcome

Positive Thumbs Up Best Payday Loan Tips

Tips for finding the Best Payday Loans.

Payday Loan Request

Apply for a Payday Loan in OK
Flag of the State of Oklahoma Oklahomans are strong, hardworking people who are willing to help out their neighbors in times of need. From mending a fence, replacing shingles on a roof, to even a little vehicle maintenance, it seems like there's always someone happy to lend a hand. Unfortunately, there are sometimes situations where you’re short on cash and no one has any extra to lend. Whether you need just a little extra cash to fix the air conditioning in your house, or to cover an unexpected hospital bill, we have the help you need to get back on track.

We Give Loans has been helping millions of consumers, since 2006, find the right payday loans and loan sources for their unique borrowing needs. Our no cost, no obligation, consumer-to-lender pairing process searches for the right loan from over 1,120 payday loan lenders. Whether you have perfect credit, average credit, poor credit or even no credit at all, you can be approved by the right lending source for your individual situation.

Let We Give Loans help you to be paired with the right payday loan source so you can get the financial peace of mind you need. Apply online now by filling out our short, confidential, secure form.


Oklahoma Payday Lenders (OK) by City

Oklahoma Debt Relief, Financial Counseling, and Consumer Credit Information

If you would like to look into the possible benefits of these services, National Debt Relief - Whom Offers a Free Savings Estimate is a leading provider of financial counseling services in Oklahoma.