Oklahoma Payday Loans

While some states prohibit cash advances, 24 have laws that set forth specific terms regarding payday loans. These states, like Oklahoma, want residents to have the option of cash advances but to also have all of the information handy to make informed financial decisions. According to the Oklahoma Deferred Presentment Service Act, payday lenders in the state must be licensed and refrain from loan splitting (dividing one loan into multiple loans and charging separate interest). Borrowers cannot have more than two outstanding payday loans at one time, and collectively they cannot be over $500. In order to take out a new payday loan, borrowers must pay the first one in full and wait two business days to request another one. Cash advance companies, in places like Oklahoma City and Tulsa, cannot take criminal action against defaulting customers.

Maximum Principal

Oklahoma borrowers can take out up to $500 in a maximum of two loans.

Length of Loan

Loan terms range from 12 to 45 days.


There are no provisions allowing consumers to extend or rollover payday loans in Oklahoma.


Payday lenders in Oklahoma must follow a strict lending scale -- $15 per $100 for up to $300, $10 for every $100 above $300. The finance fee on two week loans for $100 is $15.


A cash advance loan taken out for $100 has an APR of 390 percent over two weeks.

Check'n Go of Oklahoma
1408 North Martin Luthr Kng Avenue # A
Oklahoma City, OK 73117
Checkrite of OKLA City
3535 Northwest 58th Street Suite 480
Oklahoma City, OK 73112
Advance America Cash
4428 Southeast 44th Street Suite D
Oklahoma City, OK 73135
Federal Cash Advance
7640 Northwest Expressway Street
Oklahoma City, OK 73132
Checkcare of Oklahoma
3000 United Founders Boulevard
Oklahoma City, OK 73112
Bank of Oklahoma NA
1 North Broadway Avenue # 5THH
Oklahoma City, OK 73102
First American Cash Advance
2440 North Macarthur Boulevard
Oklahoma City, OK 73127
First American Cash Advance
1701 South Air Depot Boulevard
Oklahoma City, OK 73110
Extra Cash Pawn Inc
1301 North Macarthur Boulevard
Oklahoma City, OK 73127
Cashland Inc
1815 South Air Depot Boulevard
Oklahoma City, OK 73110

Oklahoma Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter