Loans in Oklahoma: payday, personal & title loan laws (2026)

Traditional payday loans (deferred deposit loans) ended in Oklahoma when all Deferred Deposit Lending Act licenses were terminated on August 1, 2020. They were replaced by 'small loans' under the Oklahoma Small Lenders Act: unsecured installment loans of 60 days to 12 months at up to 17% interest per month.

Small loans are capped by the total you may owe across all small lenders. The statute set this at $1,500, adjusted every other year for inflation. The Department set it at $1,824.60 effective July 1, 2025.

Interest may not exceed 17% per month. A lender may also pass on a database-verification fee of up to $2.20 for each full or partial 30-day period a balance is scheduled to be outstanding.

Oklahoma has no separate title-loan law, and Small Lenders Act loans must be unsecured. A car-secured consumer loan above 10% interest must come from a supervised lender licensed under the Uniform Consumer Credit Code, at that code's rate limits.

Supervised loans: the greater of (a) 32% plus the federal funds rate on the first $7,000 of principal, 23% plus the federal funds rate on $7,000.01-$11,000, and 20% plus the federal funds rate above $11,000, or (b) 25% plus the federal funds rate on the whole balance. Loans of $3,000 or less may instead use the acquisition and monthly handling charge schedule.

Supervised loans: about 32% plus fed funds rate (tiered); small loans: 17% monthly.

Yes. Making consumer loans above 10% a year requires a supervised lender license, and making small loans requires an Oklahoma Small Lender license.