What is a Short-Term Loan?

A short-term loan is a type of credit that is usually repaid within a year. These loans are designed to cover immediate financial needs and can be approved quickly, sometimes on the same day. They are ideal for emergencies or situations where waiting for funds isn't an option.

Can I Get a Short-Term Loan with Bad Credit?

Yes, you can still qualify for a short-term loan even if you have bad credit. Many lenders offer products specifically tailored for individuals with poor credit scores. However, these loans often come with higher interest rates and fees, so it's important to compare options thoroughly before proceeding.

What Are Same-Day Loans?

Same-day loans are a type of short-term loan where the application, approval, and release of funds happen within the same day. These loans are particularly useful in emergencies where funds are needed immediately. However, they may come with higher interest rates due to the quick processing time involved.

How Do Short-term Loans Work?

Short-term loans are a form of short-term borrowing where a lender extends high-interest credit based on your income. Typically due on your next payday, they are generally used to cover immediate financial gaps. Due to their high interest rates and fees, they should be considered only as a last resort for short-term financial needs.

What Are the Risks of Short-Term Loans?

Short-term loans can be useful for quick cash but come with disadvantages. They often carry high interest rates and fees, which can lead to a cycle of debt if not managed properly. It's crucial to read the terms carefully and ensure you can meet the repayment schedule to avoid financial difficulties.

How Much Can I Borrow with a Short-Term Loan?

The amount you can borrow with a short-term loan typically ranges from a few hundred to several thousand dollars, depending on the lender and your financial situation. For short-term loans specifically, the loan amount is usually smaller and may be determined by your monthly income.

Do I Need Collateral for a Short-Term Loan?

Most short-term loans, particularly short-term loans, are unsecured, meaning they do not require collateral. However, some lenders may offer secured short-term loans for those with poor credit scores. In these cases, collateral such as a car or valuable goods will be required to secure the loan.

Fast & Easy Best Online Short-term Loans in Tulsa, OK

Best Online Short-term Loans in Tulsa

World Finance

Loan agency

5.00

10 reviews

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Address: 3137 S Garnett Rd, Tulsa, OK 74146

Today's Business Hours: 9:00 AM - 5:30 PM

Phone Number: +1 (918) 270-2212

Website: loansbyworld.com/locations/oklahoma/tulsa/74146/665

Services:

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A-1 Acceptance & Loan

Loan agency

5.00

4 reviews

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Address: 5649 S Mingo Rd L, Tulsa, OK 74146

Today's Business Hours: 9:00 AM - 6:00 PM

Phone Number: +1 (918) 664-5100

Diamond Finance Loans Tulsa

Loan agency

5.00

2 reviews

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Address: 1202 S Peoria Ave, Tulsa, OK 74120

Today's Business Hours: 8:30 AM - 5:30 PM

Phone Number: +1 (918) 556-5626

Website: bell-finance.com

Easy Cash Solutions

Loan agency

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Address: 800 S Utica Ave, Tulsa, OK 74104

Today's Business Hours: 9:00 AM - 7:00 PM

Phone Number: +1 (918) 582-8797

Ardmore Finance Corp.

Loan agency

5.00

2 reviews

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Address: 4419 E 31st St, Tulsa, OK 74135

Today's Business Hours: 9:00 AM - 5:30 PM

Phone Number: +1 (918) 747-6000

Website: moneywhenuneedit.com/tulsa-ok-ardmore-finance

Services:

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Advance America

Financial institution

5.00

10 reviews

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Address: 9441 E 31st St, Tulsa, OK 74145

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (918) 280-0800

Website: advanceamerica.net/store-locations/oklahoma/9441-e-31st-st-tulsa-74145

Services:

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Advance America

Financial institution

4.90

10 reviews

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Address: 1620 N Lewis Ave, Tulsa, OK 74110

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (918) 585-9962

Website: advanceamerica.net/store-locations/oklahoma/1620-n-lewis-tulsa-74110

Services:

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Debt Reduction Services

Credit counsel

3.40

4 reviews

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Address: 4111 S Darlington Ave #610, Tulsa, OK 74135

Today's Business Hours: 9:00 AM - 7:00 PM

Phone Number: +1 (877) 688-3328

Website: debtreductionservices.org

Services:

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Alternatives to Short-term Loans in Tulsa

Short-term loans encompass a variety of financial solutions designed to address immediate borrowing needs. Personal loans offer unsecured, flexible borrowing options typically repaid in installments over a few months, making them suitable for unexpected expenses. Installment loans involve borrowing a set amount of money and repaying it over a scheduled period in equal payments, providing predictability in budgeting. Title loans are secured loans where borrowers use their vehicle title as collateral, allowing access to funds while still using the vehicle, but they carry the risk of repossession if payments are not met. Each type serves different financial situations, emphasizing the importance of considering terms, interest rates, and repayment obligations.

Best Personal Loan

Ok Members First Federal Credit Union

5.00

10 reviews

Short-term loans serve various immediate financial needs, and personal loans are one of the most versatile options available. Best suited for individuals needing quick access to funds without providing collateral, personal loans often come with a straightforward application process. They are typically unsecured, which means you don't need to offer any assets as security, making them an attractive choice for borrowers with a good credit history. The repayment period can range from a few months to a couple of years, offering flexibility depending on the lender's terms.

Best Installment Loan

Bank of Oklahoma

4.40

10 reviews

Installment loans are another popular form of short-term borrowing. These loans are known for their structured repayment plans, where borrowers pay back the money in equal, regular installments over a predetermined period. This predictability helps borrowers budget effectively, ensuring that they can manage their finances without the stress of fluctuating payments. Although some installment loans may come with higher interest rates, they remain a convenient option, especially for individuals requiring a lump sum for crucial expenditures and prefer having a clear timeline for repayment.

Best Car Title Loan

Thunder Auto Finance LLC

5.00

5 reviews

Title loans are secured loans where the borrower uses their vehicle’s title as collateral for borrowing money. They are attractive to individuals with poor credit scores since the loan is secured by the car itself. Title loans, however, often come with high-interest rates and the risk of repossession if the borrower defaults. The best title loans are those that provide fair valuations of the vehicle and come with competitive interest rates and transparent terms. These loans suit individuals needing quick cash but who own their vehicle outright and can meet the repayment demands to avoid losing their car.

Loan Regulations in Oklahoma

Oklahoma’s short-term loan regulation ensures consumer protection while providing access to quick financial solutions. State-wide, these regulations stipulate that short-term loan amounts cannot exceed $500. The loan terms are flexible, ranging from 12 to 45 days, giving borrowers ample time to manage repayment. Regarding interest rates, Oklahoma caps the finance charges at $15 for every $100 borrowed up to $300, and an additional $10 for every $100 beyond the initial $300.

To be eligible for a short-term loan in Oklahoma, applicants typically need to provide proof of income, a valid government-issued ID, and an active checking account. The regulations also require payday lenders to be transparent about the terms and fees of the loan, ensuring borrowers are fully informed before entering into any agreement.

Short-Term Loan Calculator

Loan Amount:

Loan Term:

day(s)

Interest Rate:

Origination Fee:

Estimated Payment

$327.12

Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Get Started

Where to Use Short-term Loan

If you've taken out a short-term loan, knowing how to effectively use it on essential services can greatly influence your financial planning. Local service providers offer various options where these funds might be allocated to crucial needs like medical bills, car repairs, legal fees, funeral costs, and appliance services. Prioritizing these needs ensures that your loan is used responsibly to meet immediate necessities without derailing your financial stability.

Car Repair and Service

9702 South Memorial Drive, Tulsa, OK 74133 (74133-6171)

+1 (918) 663-4444

Car Wash

3635 South Sheridan Road, Tulsa, OK 74145

+1 (918) 895-6015

Club & Association

1120 North Iroquois Avenue, Tulsa, OK 74106

College/University

800 South Tucker Drive, Tulsa, OK 74104

+1 (918) 631-4688

Community Center

4233 South Yukon Avenue, Tulsa, OK 74107

+1 (918) 591-4309

Concert Hall

110 East 2nd Street, Tulsa, OK 74103

Construction Material & Equipment

7030 South Memorial Drive, Tulsa, OK 74133

+1 (918) 770-9425

Dentist

5301 South Lewis Avenue, Tulsa, OK 74105

+1 (918) 770-0870

Fitness Club & Center

1314 East 3rd Street, Tulsa, OK 74120

Government Office

205 East Pine Street, Tulsa, OK 74106

+1 (918) 631-6700

Hotel

Tulsa, OK 74128

Library

909 South Boston Avenue, Tulsa, OK 74119

+1 (918) 595-7000

Movie Theater

6808 South Memorial Drive, Tulsa, OK 74133

+1 (918) 894-6888

Museum

119 South Detroit Avenue, Tulsa, OK 74120

Post Office

7380 South Olympia Avenue, Tulsa, OK 74132

+1 (918) 447-8877

Table of Content

Best Online Short-term Loans in Tulsa
Alternatives to Short-term Loans in Tulsa
Loan Regulations in Oklahoma
Short-Term Loan Calculator
Where to Use Short-term Loan

Best Online Short-term Loans in Tulsa

Best Online Short-term Loans in Tulsa

Alternatives to Short-term Loans in Tulsa

Best Personal Loan

Best Installment Loan

Best Car Title Loan

Loan Regulations in Oklahoma

Short-Term Loan Calculator

Where to Use Short-term Loan

Table of Content

Short-term Loans by State

FAQ

What is a Short-Term Loan?

Can I Get a Short-Term Loan with Bad Credit?

What Are Same-Day Loans?

How Do Short-term Loans Work?

What Are the Risks of Short-Term Loans?

How Much Can I Borrow with a Short-Term Loan?

Do I Need Collateral for a Short-Term Loan?

Find Short-term Loans Near Me

Tulsa ZIP Codes