Online Payday Loans in OKC with 0% APR

Running low on cash and need a few dollars to hold you over until payday? Dealing with a pressing financial emergency that can’t wait until your next direct deposit? 

Both are situations that warrant the need for fast cash. But if you have less than perfect credit, getting a loan from the bank can be quite the challenge. 

Before you resort to a payday loan, it’s a good idea to learn how they work. You should also explore other loan products that are safer for your finances. 

Options For Payday Loans in OKC

Payday lending is regulated by the Oklahoma Department of Consumer Credit. The lenders must adhere to the state statutes or face repercussions. 

Oklahoma residents can request payday loans from online lenders or brick-and-mortar establishments. Both offer a straightforward application process and rapid funding options. If you apply online, expect the funds to arrive in your business account the next business day. But if you visit a physical location and are approved, you can leave with cash in hand. 

The lender will initiate a transaction from your bank account to collect the outstanding balance, including any fees and interest, on the due date.

Requirements

You may be eligible for a payday loan in Oklahoma if you meet the following criteria: 

  • Be a U.S. citizen or permanent resident living in Oklahoma that’s at least 18 years of age 
  • Steady source of income that can be verified by the lender 
  • Have a checking account in good standing that can receive direct deposits 
  • Valid physical address, email address and phone number 

Credit Affects

Payday lenders don’t conduct credit checks when reviewing loan applications. They are more concerned with your ability to repay what you borrow and assess steep interest rates to offset the risk of default. 

So, your credit score will not be impacted when you apply for a payday loan. And the lender won’t report the account to the credit bureaus unless you fail to pay over an extended period, and it is turned over to collections. 

Max Loan Amount and Terms

Oklahoma residents can borrow up to $500 from payday lenders, and only 2 loans are permitted at once. You will have between 12 and 45 days to repay the principal and any applicable interest and fees. 

The maximum fees are as follows:

  • $15 per $100 for loans between $0 and $300
  • $15 plus an additional fee of $10 per $100 for loans between $300 and $500

Want to apply for more payday loans? A cooling-off period of 2 business days applies following the 5th consecutive loan repaid. 

Penalties

Loan rollovers or renewals are not permitted. If the payment is returned due to insufficient funds, you will be subject to a $25 NSF fee by the lender. Your bank may also assess a fee. 

However, you can request a repayment plan following your third consecutive loan. Doing so allows you to split the loan into 4 installments, but a fee up to 10 percent (that doesn’t exceed $15) applies. 

Still unable to make timely payment? The payday lender may sell the delinquent account to a debt collector who has the option to report it to the credit bureaus and sue to collect what you owe. 

Payday Loan Alternatives in OKC

You can save a wad in interest by looking beyond payday loans for relief. A few viable alternatives to consider: 

  • Sell your belongings to a pawnshop 
  • Use your credit card and repay what you spend on the next payday
  • Request a loan from a friend or relative

If none of these options work for you, consider a loan product from MoneyLion to lend a helping hand. 

Instacash

Wouldn’t it be nice to get an interest-free loan to fill the void until your next payday? It’s possible with Instacash from MoneyLion.

Borrow up to $250 for a few weeks without incurring any interest. Plus, there are no credit checks, so you can qualify if you’ve had some challenges in the past.

Sound like a good remedy for your financial situation? Apply today to view your Instacash offer by downloading the MoneyLion app and connecting your checking account. If approved, request the amount you need and you’ll have the funds in minutes. With Instacash, you can request a cash advance any time of the day or night. 

Become an Instacash member

Credit Builder Loans

Tired of dealing with money woes and subpar credit? Consider the Credit Builder Loan from MoneyLion to help you get back on track. You’ll get up to $1000 immediately to get over the hump, and depending on your finances, a portion may be held for you in an interest-earning Credit Reserve Account until you pay the loan off. When you pay off your loan, you get the money!

A primary benefit is the reporting of payment activity to the 3 credit bureaus – Equifax, Experian and TransUnion. Each time a payment is successfully processed, it helps boost your payment history, which accounts for 35% of your credit score. 

You can apply now for an installment loan of up to $1,000 in just minutes. If approved, it’s only $19.99 to unlock this feature, and you’ll also get optional access to a checking account, managed investing and Instacash cash advances. 

Apply for a Credit Builder Loan

Find A Online Loan In OKC

InstacashCredit Builder LoanPayday Lender
How Much Can You Borrow?$250$1000$500
Fees & Interest0% APRCompetitive APR, 0 fees$80 in fees for a $500 loan
APR is determined per lender. 
Credit CheckNoNoNo
AvailabilityOnline & MobileOnline & MobileIn-Store, Online, Over the Phone
Wait TimeInstantly*InstantlySame-Day or the Nest Business Day
Next StepsSign UpSign Up
*24-48 hours to receive your advance at 0 cost. $3.99 for instant deposit to your MoneyLion bank account, $4.99 to instantly deposit to an alternative bank account.

Get Approved for a Loan in OKC! 

A financial emergency isn’t the end of the world, and you don’t have to settle for an expensive payday loan to find relief. Consider a fee-free Instacash cash advance to offer some assistance, minus the fees. Or apply for a credit builder loan to get cash and start rebuilding your credit. 

Get cash fast, pay no interest

Enjoy Instacash advances up to $250. No credit check, no monthly fee, no interest. Just cash.