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How Do I Qualify For A Payday Loan

Dec 27

Payday loans may be the solution if you need a quick cash infusion but want to avoid getting into long-term debt. At OK Loans, we provide fast payday loans at competitive rates without a complicated application process. 

Overview of Payday Loans

A payday loan is a short-term, higher-interest loan that you can take out to cover expenditures such as rent, groceries, utility bills, or other unexpected expenses. The funds are deposited into your bank account typically within two business days and are paid by the end of your next pay period. Payday loans may be your best option if you have bad credit or no collateral for traditional loans. 

Why OK Loans?

OK loans offers payday loans and other cash advance options to help you with unexpected expenses. The interest rate for OK Loans is very competitive and we work to make sure you understand all the risks involved. We offer a short application, fast turnaround time and great customer service to meet your cash fast needs.

Types of Loans

There are a few different types of loans you can apply for from OK Loans, even if you have bad credit: 

  • Payday loans are designed for people who need cash quickly, but are able to pay it back within your next pay period. You usually have to repay the loan plus interest within two weeks, and you must have proof of employment.

  • Installment loans are suitable for people who need short-term cash but need a little more time to pay back the loan and interest. These loans can be paid back over a series of payments, or installments.

How to Qualify for a Payday Loan

OK Loans makes it simple to qualify for a payday loan. First, login to our website and fill out the application form. If you have questions while you are applying, call one of our customer service representatives and they will help you to understand what information is needed and why. You will need a valid ID, an active bank account and proof of income to complete the application.


The decision on whether or not your loan is approved will be fast, sometimes within just a few hours. 

Risks Associated With Payday Loans

The most significant risk is that you could end up owing a lot more money than you borrowed if you are unable to pay back the loan with your next paycheck. If you're planning on using a payday loan, ensure you fully understand the terms and conditions of the loan. Also, be sure to research the available options before choosing a lender. We’re sure our competitive rates, transparent lending practices and outstanding customer service will lead you to borrow from OK Loans.

How much can I borrow with a payday loan?

There is no set amount that borrowers can qualify for with payday loans, as loan amounts vary based on your application. Once your application is submitted, OK Loans representatives will communicate the amount of cash you are eligible for, as well as the interest rate, fees and repayment terms.

Is a Payday Loan a Good Option for Me?

While there are many options to secure a cash advance, many choose a payday loan for its convenience and fast cash now option. If you have bad credit or don’t have time to go through a traditional bank loan process that can take 30 days or more, a payday loan may be your best option. Some people also choose payday loans over cash advances from a credit card due to interest rates and fees. If you need a quick cash infusion just to get you to your next pay period, consider a payday loan from OK Loans.

Are Payday Loans Safe?

Generally speaking, payday loans are safe if you use them responsibly and through a good lender. A few things you can do to ensure your safety in the loan process are:

  • Be aware of each lender's interest rates and fees. Always read the entire agreement carefully before signing it to know what is expected at repayment, and ask questions if the agreement is at all confusing to you.
  • Know how the lender plans on using your personal information. Since you must provide sensitive data such as your ID and banking information, ensure that the lender you are working with has a secure website and policies concerning use of your data, as well as when and how they will delete your data.


Ok Loans is proud to be a leader in payday loans in the Oklahoma City area. We invite you to call us or visit our website to find out how we can help you get the money you need.