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Best Payday Loans in Oklahoma City, OK

March 3, 2021, 12:13 p.m.

A payday loan is a very short-term loan option that you usually repay all at once when you get your next paycheck. About 1 in 8 Oklahomans have taken out a payday loan in the past. Since so many people use this type of small loan, we wanted to know more about payday lenders. We looked at over 300 reviews and researched payday lenders to learn about interest rates, the application process and customer service.

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How we chose the best

We thoroughly researched payday lenders and consumer reviews.

38 Hours researched
208 Reviews analyzed
38 Companies evaluated
16 Companies selected
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#1
OUR FAVORITE
Speedy Cash

Get cash fast!

Speedy Cash
Speedy Cash
Features
  • Loan amounts: $100 to $300
  • Available online 24/7
  • Online application available
Read More
QUALIFY NOW
CashNetUSA
CashNetUSA
Features
  • Loan amounts: $100 to $500
  • Available online 24/7
  • Online application available
Read More
QUALIFY NOW

Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.

Payday Loans in Oklahoma City

OKC skyline

If you need cash for an emergency situation, a short-term loan might be the best option. The interest rates are quite high, but if you realize you're going to overdraft your bank account multiple times within a few days, and get fees for each overdraft, then a payday loan might actually be a cheaper option. Make sure you have a plan to pay the loan off when it's due without getting further in debt. To save some money, look for lenders like Speedy Cash that have discounts if you're a new customer or if you pay off your loan early.

Oklahoma City Payday Lenders

Most lenders in OKC offer a couple of different types of short-term loans, so you choose the loan that is best for your situation.

Payday loans are often available as cash loans and are typically just a few hundred dollars. In fact, in Oklahoma, lenders can't make a payday loan for more than $500. Check Into Cash is a payday lender with locations in Oklahoma City and an online application option.

Signature loans, also called installment loans, generally offer a larger amount of money than payday loans. American Loans in Oklahoma City offers loans up to $1,500. These loans might be a better choice if you need more time to pay them back. In Oklahoma, installment loans must have at least a 60-day loan term.

Payday loan laws for OKC

Many laws regulate short-term loans. In Oklahoma, payday lenders must follow the Oklahoma Deferred Deposit Lending Act. That law sets the finance fees, or interest rates, a payday lender can charge.

Oklahoma City payday lenders can’t charge more than $15 in interest per $100 on loans up to $300. They can’t charge more than an additional $10 fee for every $100 above $300. This means you’ll pay $45 in interest for a $300 payday loan and $65 in interest for a $500 payday loan. These fees equate to an annual interest rate of about 390 percent.

Signature loans, or installment loans, are not regulated by the same law. Lenders that make installment loans can charge 27 percent interest on loans up to $2,910. This interest rate is similar to a high-interest credit card. However, signature loans can have a prepayment fee, which lets the lender charge you extra money if you pay the loan back early.

Applying for a payday loan in OKC

You can usually apply for a payday loan in just a few minutes, and you can often get cash immediately or have funds deposited into your bank account within one business day. Each payday loan store sets its requirements for qualifying for a payday loan in OKC.

Although they cater to people without an established credit history or with poor credit, most OKC lenders set these requirements to apply for a payday loan:

  • Be an Oklahoma resident
  • Have a valid, government-issued, photo ID
  • Have a social security card
  • Have a checking account with checks that have your name and current address on them
  • Have a verifiable and recurring source of income

To learn more about qualifying for a short-term loan, call the payday lender you’re considering. We talked to many different payday loan stores during our research and all the ones we’ve listed on this page were friendly and willing to talk about how to qualify.

Speedy Cash

Speedy Cash VISIT SPEEDY CASH

At Speedy Cash you can apply for a loan online, and you won't need to fax anything, meaning the process is simple and quick. Speedy Cash offers both payday loans and installment loans. In some cases, you can get money the same day that you apply for a payday loan.

CashNetUSA

CashNetUSA VISIT CASHNETUSA

You can get an online payday loan from CashNetUSA. You'll receive an approval decision instantly and get money the following business day. In online reviews, Oklahoma customers say the chat feature on their site makes the whole process easy.

Check ‘n Go

Check ‘n Go

You can apply for payday loans at any of Check ‘n Go's locations in Oklahoma City, or you can apply online. Reviewers say the location in Warr Acres, about 10 miles northwest of OKC has a great staff and offers quick service.

ACE Cash Express

ACE Cash Express

ACE Cash Express offers installment loans that you repay over time. It has five locations in the Oklahoma City area, which is helpful since the company doesn't offer an online application. Reviewers say the services at the company are convenient and the staff is friendly.

Cashland

Cashland

Cashland has seven locations in the OKC-metro area, and it's headquartered in OKC. The lender offers signature loans, not payday loans, and has an online application. All loans have a 20 percent transaction fee in addition to the interest charges.

Money Mart

Money Mart

Money Mart does not offer an online application for payday loans in Oklahoma, but there are two locations in Oklahoma City. You apply in store and can be approved instantly. The whole process can take less than 30 minutes.

Advance America

Advance America

Advance America has four locations in Oklahoma City, and other locations in Midwest City, Moore, Norman and Warr Acres. You can also apply for a loan online. It offers both payday loans and installment loans, so you can determine which works better for you.

National Quik Cash/LendNation

National Quik Cash/LendNation

National Quick Cash is a part of LendNation. You can't apply for a payday loan online with this company, but it has an OKC location and stores in Del City, Moore, Shawnee and Seminole. Online reviewers give the OKC lender higher reviews.

A1 Loans

A1 Loans

A1 Loans makes installment loans of up to $1,500. In reviews, Oklahoma City borrowers say that the employees are friendly and work with you to decide on a reasonable payment schedule. Depending on your credit, you may only need a valid ID to qualify for a loan.

Approved Cash

Approved Cash

Approved Cash has five payday loan stores in OKC with additional locations in Midwest City, Edmond and Norman. You'll need to visit a store to apply. Local reviews rate the lender well, and a few mention good customer service.

AmeriCash Loans

AmeriCash Loans

AmeriCash Loans offers installment loans in Oklahoma. You can apply online or at one of their stores in Del City or Midwest City. They have an Express Application online for returning customers. When you're approved in a store, you may be able to get your money instantly.

American Loans

American Loans

American Loans offers installment loans at stores in Yukon, Stillwater, Shawnee and Chandler. You can call to apply over the phone, and then visit one of their locations to pick up your loan. They make loans up to $1,500.

Tide Finance

Tide Finance

Tide Finance is a part of Doehring Enterprises, which owns loan stores in several states. They offer signature loans that can be paid off over time. Online reviewers give the company positive ratings, and they say that the employees are friendly and helpful.

Modern Loan

Modern Loan

Modern Loan is one of Doehring Enterprises' lenders. The store offers signatures loans, so you have more time to pay them off. In online reviews, customers say they get you a loan quickly, and some people report they used loans from Modern Loan to build credit.

Central Loan Servies Inc.

Central Loan Servies Inc.

Central Loan Services offers signature loans and is owned by Doehring Enterprises. Online reviewers like the friendly staff at Central Loan Services. Customers say employees are friendly and understanding.

Arrow Loan

Arrow Loan

Arrow Loan makes signature loans instead of payday loans, so you'll have a longer period to pay off your balance. They're a part of Doehring Enterprises. Online reviewers in OKC say the employees are friendly and help you get a loan quickly.

ConsumerAffairs content is intended to be used for general information purposes only. Before you make any investment, it is very important to do your own analysis based on your own personal circumstances and consult with your own investment, financial, tax and legal advisors.