Editor's choice: OppLoans Installment Loans

- APR starting at 4.66%
- Funding as soon as the next business day
- Accepts fair credit
Even if you don’t have the most perfect credit, you may still have access to short-term loan options like a payday loan. Although they can be quite expensive, if you’re stuck in a tough financial situation, they could be a quick way to get out of trouble.
Yes. Payday loans are legal in Oklahoma under the Oklahoma Deferred Deposit Lending Act (Oklahoma Statutes Title 59 §§ 3101 et seq.), which governs the functioning of all payday lenders in the state. These laws apply to all payday loans provided through storefront and online lenders.
If you change your mind, you can cancel the loan agreement by 5 p.m. on the following business day. All payday lenders are required to be licensed. You can check to make sure yours is registered to lend by visiting the Oklahoma Department of Consumer Credit’s website.
Check the websites of any providers you’re interested in to confirm they operate in Oklahoma.
All payday loans will cost money, but Oklahoma law sets the upper limit lenders can charge.
Before you apply for a payday loan, you’ll need to be at least 18 years old, have a regular source of income and be a citizen or permanent resident of the US.
If you are, then you’ll need to submit some personal information on your application.
Although a payday loan might be a good short-term solution to your financil troubles, there are other ways to deal with long-term problems. Oklahoma has programs like Temporary Assistance for Needy Families (TANF), Supplemental Nutrition Assistance Program (SNAP) and Low-Income Home Energy Assistance Program (LIHEAP) that can help you pay for your daily bills.
Additional options to consider if you’re short on cash
If you’re looking into a payday loan, Oklahoma has decent regulations in place to protect you from having to pay excessive fines. Be sure to read your loan terms before you sign to be sure your lender is abiding by the law.
I do not have a checking account, only have an Elite paycheck plus card where my paychecks are deposited onto. Can I get a payday loan with that? Money can be downloaded on it and also deducted from this card.
Hi Peggy,
Thanks for getting in touch!
It’s helpful to know that a checking account is needed when applying online. We suggest contacting the provider directly to consult if other financial accounts aside from checking account can be used.
Otherwise, you can go for lenders that don’t require a bank account. Please note though that these loans will most likely cost you more than the average personal loans and some may require a collateral to secure the loan.
As a friendly reminder, review the eligibility criteria and the terms and conditions of the loan before applying to see whether it’s right for you.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki