Best Low-Income Loans in Oklahoma: Top Lenders and Rates for 2024

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Edited byMorgan Hull
Edited byMorgan Hull

Updated: December 28, 2023

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Best Low-Income Loan Lenders in Oklahoma

Low-income personal loans are a great way to consolidate debt, make home improvements or even put yourself through school. With MoneyGeek's research, you can quickly compare rates and terms from multiple lenders to find the best low-income loan lender in Oklahoma for you.

Our research included analysis of over 30 personal loan lenders for key data points, including annual percentage rates (APRs), fees, repayment terms, customer service quality and more. We found that Upgrade offers the best low-income personal loans in Oklahoma, with LendingClub coming in second. Upstart is the best for borrowers with bad credit, while Prosper is ideal for those with good credit.

Best Overall Low-Income Loan in Oklahoma: Upgrade


Runner-Up for Best Low-Income Loan in Oklahoma: LendingClub


Best Low-Income Loan for Bad Credit in Oklahoma: Upstart


Best Low-Income Loan for Good Credit in Oklahoma: Prosper


How to Choose the Best Low-Income Loan in Oklahoma for You

Residents of the Sooners State have an average personal loan debt of $15,293 and an interest rate of 9.73% on their personal loans. While it’s tempting to take out a loan when you need money, it’s important to ensure that it’s the best decision for your financial future.

Taking the following steps can help you make the best decision regarding a low-income loan in Oklahoma:


Ask Yourself the Important Questions

At a minimum, you should ask yourself the following questions prior to researching lenders:

  • How much funding do you need? Before applying for any type of loan, it's important that you understand how much funding you need. This can help you narrow down your lender choices and avoid overborrowing money.
  • What’s your credit score? A good credit score can help get you a lower interest rate on your loan. If you have bad or no credit, you may not qualify for the best rates.
  • Can you afford the monthly payments? A low-income loan may have higher interest rates and fees than other types of credit products. A high interest rate will increase the cost of your monthly payments. Ensure your monthly loan payment fits within your current budget.
  • Do you have existing debts? If you have other debts, such as student loans or medical bills, it may be better to repay these before obtaining a low-income loan.
  • Is your debt manageable through other means? Consider alternative funding options that feature low or no interest, like 0% APR credit cards or borrowing from friends and family.

Do Your Research

On average, it takes between two and four years to repay a personal loan. When you apply for a loan, you're committing yourself to a long-term relationship with your lender. To find the best low-income loan lender for you, compare lenders for their APR ranges, loan amounts, repayment terms, fees and eligibility requirements. MoneyGeek’s recommendations can help guide your research, but your final decision still depends on your unique situation.



It's natural to immediately jump at a lending option, especially if you're in a pinch and need money fast. But it’s important to wait a day or two before you apply with a lender. During this time, you can weigh your options and consider if a personal loan is the best decision for you.


Read the Fine Print

It’s important to read the fine print of a loan agreement to identify any potential fees, like prepayment penalties, origination fees, late fees and more. Some lenders impose hefty penalties on borrowers who pay their loans back early, while others may charge an origination fee. It may seem like these fees aren't likely to make or break your monthly payments, but they can add up over time. If you have any questions about the terms of your loan, you should contact your lender for clarification.



After you’ve completed the steps above, it’s time to apply for a low-income loan. You can save time by gathering the required documents in advance, like those for proof of address, income and employment. Depending on your lender, you can apply online, over the phone or in person. If you’re applying with an online-only lender, you may still be able to call them if you have questions during the application process.

What to Do if You Can’t Get a Low-Income Loan in Oklahoma

Applying for a loan is an ordeal, so a rejection can feel especially defeating. Lenders commonly reject loan applications due to issues with borrowers’ credit scores, DTI ratios or application details.

After your application for a low-income loan in Oklahoma is rejected, you should contact the lender to find out why. Sometimes, simply modifying the terms of your agreement, like the loan amount or repayment term, can lead to its approval. If your credit score is the issue, we recommend improving it before reapplying for a loan.

It can be tempting to take out a payday loan, especially if you’re in a pinch. However, MoneyGeek strongly advises against these high-interest loans, as their steep APRs and short repayment terms typically cost borrowers more money in the long run.

Calculate Your Monthly Payment

Before applying for a loan, you should calculate your approximate monthly payment. An estimate of your monthly payment amount will help you plan and budget accordingly, as it will also include the amount you will pay in interest. MoneyGeek’s personal loan calculator can give you a better idea of how much you should allocate each month to loan repayment.


FAQs About Low-Income Loans in Oklahoma

Finding the best low-income loan lender in Oklahoma will depend on your funding needs, income, credit score and more. MoneyGeek answered a few questions about your low-income loan options to help you learn more about this topic.

What is the best low-income loan lender in Oklahoma?
Which lender in Oklahoma has the lowest interest rates for low-income?
What kind of debts can I not use my low-income loan for in Oklahoma?
How much debt can I consolidate in Oklahoma?
How long does it take to get a low-income loan in Oklahoma?
Can I pay off my loan early in Oklahoma?


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MoneyGeek reviewed over 30 personal loan lenders for more than 35 key data points across categories, such as affordability, accessibility, consumer friendliness, flexibility and transparency.

Within each category, we analyzed key data points that we believe most significantly impact a borrower’s choice of lender. These include lenders’ APR ranges, repayment terms, fees, credit score requirements and minimum income requirements.

We also took into account convenience features that improve the consumer’s overall experience, like customer service and business ratings, mobile application availability, payment options and more.

Our recommendations were made with your best interests in mind. At MoneyGeek, we strive to provide consumers with insider knowledge and up-to-date information to make well-educated financial decisions.

  • LendingClub. "Personal Loans." Accessed October 27, 2022.
  • Prosper. "Homepage." Accessed October 27, 2022.
  • Upgrade. "Homepage." Accessed October 27, 2022.
  • Upstart. "Homepage." Accessed October 27, 2022.
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The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.