Loans in Oklahoma: Payday and Installment Options
Page last reviewed: October 28, 2026 · Reviewed for accuracy by Betty Walsh
Yes, you can get a loan in Oklahoma, though not a traditional payday loan: those ended on August 1, 2020. Licensed lenders now make small loans of up to $1,824.60 at up to 17% a month, installment loans of up to $3,750 with set fees, and larger supervised loans.
| Small loans | Up to $1,824.60 in all; 60 days to 12 months; 17% a month max |
| Installment | Up to $3,750: a 10% fee plus a set handling charge |
| Example | $1,000 over 12 months: $122.05 a month at the maximum |
| Regulator | Department of Consumer Credit (ODCC), 405-521-3653 |
| You need | ID, proof of income and a bank account |
Oklahoma's Caps, Priced Out From $500 to $5,000
The most a licensed lender can charge, by loan type:
| Loan | Payments | Cost (APR) |
|---|---|---|
| $500 small loan, 6 mo | 6 × $139.31 | $335.86 (~204%) |
| $1,000 small loan, 12 mo | 12 × $200.47 | $1,405.64 (~204%) |
| $500 installment, 12 mo | 12 × $72.84 | $374.00 (~118%) |
| $1,000 installment, 12 mo | 12 × $122.05 | $464.56 (~77%) |
| $3,000 installment, 24 mo | 24 × $200.00 | $1,800.00 (~50%) |
| $5,000 supervised, 36 mo | 36 × $228.68 | $3,428.66 (~39%) |
Worked out from Oklahoma law and ODCC's July 1, 2026 dollar amounts, not offers from lenders in our network; a lender can charge less. The $5,000 loan uses 32% plus the 3.88% federal funds rate the Federal Reserve reported in late October 2026, and includes the $196.18 closing fee.
Small loans carry the highest APR because interest can run at 17% a month on the balance. Their limits and your rights are on Oklahoma payday loan rules.
Small Loan, 3-508B Loan or Supervised Loan?
| Loan | Amount | Price cap |
|---|---|---|
| Small loan | Up to $1,824.60, all lenders | 17% a month |
| 3-508B loan | Up to $3,750 | 10% fee + handling charge |
| Supervised loan | Larger amounts | 32% + fed rate, first $7,000 |
3-508B loans must run at least 60 days, in equal payments at least 30 days apart, with the first due at least a month out. The term can't exceed one month per $10 borrowed ($20 above $675), up to 18 months, or 24 months above $2,500. No insurance or other charges can be added.
Supervised loans are capped at the greater of 32% plus the federal funds rate on the first $7,000 of the balance, 23% plus that rate up to $11,000 and 20% plus that rate above, or 25% plus that rate on the whole balance. A closing fee of up to $196.18 is allowed. Banks, savings institutions and credit unions can't hold a small lender license; they operate under banking law.
What Replaced Payday Loans in 2020
No new deferred deposit loan could be made in Oklahoma after August 1, 2020, and every Deferred Deposit Lending Act license expired that day. The Oklahoma Small Lenders Act took over:
- Small loans are unsecured and paid off in substantially equal payments over 60 days to 12 months.
- What you owe across all small lenders is capped at $1,824.60 since July 1, 2025, adjusted every other year for inflation.
- ODCC's October 22, 2026 roster lists 103 licensed Oklahoma Small Lenders.
Late Fees, Bounced Payments and Paying Early
- On a precomputed installment loan, an installment 10 days late can draw one late charge: up to the greater of 5% of it, $34 or the charge to defer it.
- On a small loan, a returned check or debit can cost $25, and an attorney fee of up to 15% can be added if a defaulted account goes to a lawyer.
- You can prepay a small loan in whole or in part at any time without penalty.
- Pay off a 3-508B loan within 60 days and part of the 10% fee comes back: 1/60 for each day left until day 60.
How Oklahomans Can Request a Loan Through LendUp
- Pick the loan: up to $1,824.60 over at most 12 months is a small loan, up to $3,750 over as long as 24 months is a 3-508B loan, and more is a supervised loan.
- Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
- Check the offer against the caps above and confirm the lender on ODCC's roster before you sign.
Which ODCC Roster to Search
- Open ODCC's Licenses We Regulate page and download the roster for your loan: Oklahoma Small Lenders for small loans, Supervised Lenders for installment loans.
- Search the roster for the company's legal name.
- Match the location and license details to your loan offer.
Questions or complaints: ODCC at 405-521-3653 or toll-free at 800-448-4904.
Common Questions
What's the easiest loan to get approved for in Oklahoma?
No loan is guaranteed; each lender decides. For small loans the law sets an income test: a lender must document your income, and payments due in a month can't top 20% of your gross monthly income.
Where can I get an online loan in Oklahoma?
From a lender licensed by ODCC. The Small Lenders Act covers anyone who induces you, while you're in Oklahoma, to take a small loan by phone or internet, so online small lenders need the license too.
What's the maximum interest rate on an Oklahoma installment loan?
On supervised loans, 32% plus the federal funds rate on the first $7,000 of the balance, about 35.88% with that rate at 3.88% in late October 2026, plus a closing fee of up to $196.18. Loans up to $3,750 can instead carry a 10% fee and a set handling charge.
Are payday loans legal in Oklahoma?
Not the old kind: no new deferred deposit loans have been allowed since August 1, 2020. Licensed lenders make small loans of up to $1,824.60 instead, repaid over 60 days to 12 months.
Can I pay off an Oklahoma loan early?
Yes. Small loans can be prepaid at any time without penalty, and if you pay off a 3-508B loan in its first 60 days, part of the 10% acquisition charge is refunded.
How do I file a complaint about an Oklahoma lender?
Contact the Department of Consumer Credit through its complaints page, or call 405-521-3653 or 800-448-4904 toll-free.
Official Sources
General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.
- Okla. Stat. tit. 59, 3101.1 and 3150-3150.27 - End of deferred deposit loans; Oklahoma Small Lenders Act
- Okla. Stat. tit. 14A, 1-106, 3-203, 3-508A and 3-508B - Consumer Credit Code rates and charges
- ODCC - Changes in dollar amounts, July 1, 2026
- ODCC - Rate chart for 3-508B loans, effective July 1, 2026
- ODCC - Maximum aggregate principal for small loans, July 1, 2025
- ODCC - Supervised Lender license
- ODCC - Licenses we regulate and license rosters
- ODCC - Oklahoma Small Lender roster, October 22, 2026
- ODCC - Complaints
- Federal Reserve - H.15 selected interest rates (federal funds rate)
LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.