Payday OK

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At Payday OK, payday loans are simple and affordable - no hidden fees, no add-ons, no extra wiring fees. Plus, unlike most payday lenders, Payday OK prorates loan fees so that customers pay less if they pay off their loans early - allowing them to save even more money!

The NoFax loan process is unique, allowing customers to complete all forms online from their home or office instead of faxing documents like so many of Payday OK's competitors. It is fast and free with instant application results, and is available around the clock.

With Payday OK, customers do not have to wait on someone to contact them regarding the loan. Only moments after finishing their online application, customers will know the results. The application process and their results are available 24 hours a day, seven days a week, all year long, with no worries and no waiting. Everything at Payday OK is designed for customers to manage finances easily, quickly, and confidently.

Customers receive their loans quickly, too. In addition to NoFax loans and incredibly low rates, customers can finish their loan application by 5:00 PM CST and still expect to see the cash in their bank account the next business day.

Payday OK offers a Low-cost guarantee on top of everything else. If customers find a lower cost payday loan on the Internet, their first payday loan is guaranteed free.

Payday OK Frequently Asked Questions

Q. What are the payment options for Payday OK?

A. For residents of states where Payday OK is a lender, their payday loan can be paid off at any time or refinanced at any time. Subject to Payday OK's refinance policy, customers may choose to:

  • Pay the loan off in full.
  • Refinance: Pay interest and fees only*
  • Refinance: Pay interest and part principal (in increments of $10)
  • Do nothing and their loan will Payday-Auto-OK

* Payday OK policy allows a maximum of four finance charge only payments.

Simply do nothing and Payday OK will Payday-Auto-OK their loan. On the due date, if Payday OK does not hear from their customers, the company will automatically deduct a payment of 10% of the original loan amount plus the finance charge due. Each payment will reduce the principal balance until paid in full.

For the convenience of customers, payments will be electronically debited from their checking account unless they make alternate payment arrangements.

Q. What is required to apply for a Payday OK loan?

A. Customers need a job or proven source of income, email address, home phone, checking account in good standing, and they must be at least 18 years of age. All signed Loan Agreements are subject to verification of prior loan history and application data.

Payday OK defines an account in good standing if it reflects 30 days of transaction history without any of the following:

  • Non-sufficient fund transactions
  • Returned checks
  • Overdraft charges
  • Negative account balances
  • Payday OK does not deposit funds into accounts with negative balances.

Applications will be either approved or declined based on evaluation of the information customers provide to Payday OK. Occasionally Payday OK may ask customers to fax additional information.

Q. How much can I borrow from Payday OK?

A. Payday OK loans range from $100 - $500. Customers may be eligible for an increase to their loan amount depending on their payment history. Details vary by state