Payday Loan Online in Oklahoma

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Online Payday Loans in Oklahoma

FaaastCash is proud to serve Oklahoma with fast, secure, and easy to request online loans in Oklahoma. Whether you live in Tulsa, Oklahoma City, or elsewhere, we are here to serve you.

Our payday loans in Oklahoma are a convenient, secure alternative for many people. If you have an emergency cash crunch, use Faaastcash!

Throughout the country, the cost of living keeps going up, and Oklahoma is no exception. Online payday loans in Oklahoma provide a way for you to cover unexpected expenses before you get your next paycheck.

Why Do Oklahomans Need Payday Loans?

There are many different reasons you may need a payday loan in Oklahoma. Maybe your car broke down, and you need it fixed now but just don’t have enough cash or a credit card you can use. Maybe a medical expense came up, and you have to pay part of it right away. Worse, maybe a utility bill got missed, and they are threatening to cut off your electricity. And the deposit, fines, and fees are hundreds of dollars if you have to restart service. Or, maybe you just made a mistake and wrote some checks that you know will bounce if you don’t get them covered in the next 24 hours… and suffer numerous $35 NSF fees. Four NSF checks will cost you $140, far more than the fees for your payday loan.

Payday Loan Regulations in Oklahoma

Payday loans are legal in Oklahoma. Some of the parameters of these loans are:

  • Loan terms may range from 12 to 45 days.
  • Fees vary depending on the size of the loan e.g., $100 vs. $300.
  • You may have up to two (2) loans at one time, but no more.
  • Criminal charges may not be filed for loan defaults.
  • Legal action (lawsuit) can be taken against a borrower who defaults on their loan.
  • Rollovers are not permitted.

Some Stats about Payday Loans in Oklahoma

Lenders can charge $15 for each $100 of your loan up to $300 ($45 fee). Then they can charge $10 for each $100 for the final $200 (maximum fees of $65 for a $500 loan). The APR for a 2-week loan of $100 is 390%. However, online payday loans are not intended to be long term loans with APRs; they are fee-based and very short term and should be paid on time to avoid any additional fees or penalties.

You are required to have a “cooling off” period after a 5th consecutive loan, and repayment plans are available in four installments after a 3rd consecutive loan. Cooling off periods are times you cannot get another loan. In Oklahoma, it is 2 business days.

If you default on repaying your loan, the lender can collect a $25 NSF fee. This must be noted in your loan agreement but is fairly standard.

How the Loan Process Works?

When you request payday loans through our website, the process is completely secure and confidential. Our encryption software protects your data, and, unlike other lenders, we purge all sensitive data after it is transmitted to a potential lender. We are not a lender but a referral service to more than 100 lenders.

About 80% of people requesting a loan are approved. Here are some basic criteria you should meet:

  • Have an active checking account
  • Be a citizen of the U.S. or a permanent resident
  • Be at least 18 years of age or older
  • Have a steady income or a job for 3 months or more; longer is better
  • Have a working phone number (cell is fine) and email address

FAQs - Payday Loans in Oklahoma

Who can request a payday loan in Oklahoma?

In Oklahoma, you should meet the criteria, as noted just above. You will be asked to provide some private information like your Social Security number, your driver's license or state-issued ID, employer information, and active checking account information.

How do I repay my payday loan?

There are 2 ways you can repay your online payday loan. In most cases, your lender will automatically deduct the amount due from your checking account on the due date. If you got your loan from a storefront location, you could probably make a payment at the location but ask your lender to be sure.

How do I receive cash?

In most cases, your loan, if approved, is deposited directly into your checking account in 1 business day. If you receive a loan from a storefront location, you will receive cash directly after requesting and receiving approval. Of course, going from storefront to storefront is time-consuming and wastes gas money. Your odds are much improved online, and the process typically takes 5 minutes from start to finish.

What fees can I expect to pay?

The fees are noted on this page above in the Stats paragraph.

Live in OKC? Well, you can get bad credit loans in OKC as well as payday loans in OKC. They are really the same as payday lenders do not do credit checks. Instead, they want to ensure you have steady employment as that is the best indicator you will be able to repay your loan.

Request for a payday loan in Oklahoma
Applying does NOT affect your FICO® credit score!
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