Oklahoma’s maximum annual percentage rate (APR) allowed for a $500, six-month installment loan, the nation’s second highest maximum APR for such loans behind Mississippi’s 305 percent APR. The national median APR for this loan is 38.5%.

[Source: National Consumer Law Center]

See previous Numbers of the Day here.


Oklahoma Policy Insititute (OK Policy) advances equitable and fiscally responsible policies that expand opportunity for all Oklahomans through non-partisan research, analysis, and advocacy.

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