A Payday Loan For Everyone

It is worth noting that there is no fixed definition for the term ‘payday loan’; it is, for the most part, a short-term yet high-cost loan in the $500 range. The loan is usually due for repayment the next paycheck or payday, which is why most people refer to this type of loan as a payday loan.

Payday lenders in Midwest City are a dime a dozen. However, because these loans are so easy to get without a credit report, the interest rates on these are higher, yet the maximum loan amount is comparatively tiny.

Seeing how expensive payday loans have become in Midwest City, we decided to change the game. At OK Loans, we offer payday loans that are much more flexible and comparatively cheaper. Though we are still taking a significant risk by offering these loans, we trust that our clients will repay and do so on time.

Our Payday Loan Features

· Loans of up to $500 and, in some cases, beyond. However, in our experience, most people do not need a loan of more than $500 to get them through until their next payday.

· While you are required to repay the payday loan in a single payment, when your next paycheck arrives, or when you get money from elsewhere, we can also arrange for an extension. You get enough time to pay back the loan, saving you from an otherwise higher interest rate later. That said, our team will be more than happy to clarify and ensure you understand everything before getting the loan.

· Repaying the loan is made quick and simple too. You can repay via a check, electronic transfer, or credit card. We give you enough time (as mentioned above) to repay.

· While we want to ensure everyone applying for a payday loan can repay it, we don’t dive into an applicant’s matters. We don’t even run a credit check. We trust that our clients know how to handle their finances better than we do. However, customers with credit issues are advised to seek credit counseling.

· We will dispatch the loan via a wire transfer directly to your bank account, of which you will be alerted.

An installment loan is a loan you pay back in small installments. These are usually fixed monthly payments. The limit of what you can get approved for will vary depending on your current credit rating and employment history.

At OK Loans, just about anyone can be approved for an installment loan. We are one of the few online lenders in Oklahoma to extend our installment loans to people with bad credit as well as to those with good credit.

However, the first step is to apply for the installment loan. Please fill out our online form, and a team member will get in touch with you as part of our due diligence process. When applying for a payday loan, we strongly advise that people offer as much information as possible. This not only helps us get through the approval process quicker with the least back and forth but also helps us offer the applicant our best interest rates.

Once approved, the amount is deposited into your bank account. The money you get can be used for everything from paying medical bills, clearing credit card debt, or dealing with other credit difficulties. However, it it is important to pay your monthly installments on time to avoid a higher interest rate.