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Oklahoma Interest Rate & Usury Laws

SUMMARY: Oklahoma Maximum Interest Rate

  • 6% annually for loans that are undocumented
  • No stated maximum for loans agreed to in writing

Oklahoma Section

From Oklahoma Title 15 Chapter 6 Section 266: LEGAL AND CONTRACT RATES OF INTEREST

 

Section 266. Legal and Contract Rates of Interest

 

The legal rate of interest shall be six percent (6%) in the absence of any contract as to the rate of interest, and by contract parties may agree to any rate as may be authorized by law, now in effect or hereinafter enacted.

 

Disclaimer

 

This information may or may not be the full scope of Oklahoma’s interest and usury laws.  Many States may, from time to time, adjust their statutes pertaining to allowable interest and usury rates as well as exceptions.  Be sure to review the Oklahoma Interest & Usury statute in its entirety and consult with a relevant attorney if you have any specific questions.

 

Additional Resources

 

Oklahoma Section 266 Rates of Interest

Usury Laws by State

 

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