Oklahoma pawn loan calculator
$87.50
maximum charge for the first month
- Total charges
- $87.50
- To get your item back
- $587.50
- Monthly rate
- 17.5%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Oklahoma
Oklahoma pawn loan rules
| Maximum charge | Tiered monthly charge from the regulator rate chart: 20% on the first $250, 15% up to $500, 10% up to $1,000, 5% up to $5,000 and 3% up to $25,000. |
| Grace period | At least 30 days after maturity, at one thirtieth of the monthly charge per day. |
What a pawn loan costs in Oklahoma
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $20 | $120 |
| $250 | $50 | $300 |
| $500 | $87.50 | $587.50 |
| $1,000 | $137.50 | $1,137.50 |
| $2,000 | $187.50 | $2,187.50 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Licensed pawn shops
Oklahoma publishes its list of licensed pawnbrokers: Oklahoma Department of Consumer Credit pawnbroker roster. We matched each listed shop by street address: 51 of 57 appear on it and are marked state-licensed. A shop that is not marked may still be licensed under another address or name; check the official list.
Before you pawn in Oklahoma
- Bring a valid government-issued photo ID.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Tulsa or Oklahoma City.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Oklahoma?
At the legal maximum, $87.50 for the first month, so $587.50 to get the item back after one month. A $1,000 loan costs up to $137.50 for the first month. Shops can charge less.
How long does a pawn shop hold my item in Oklahoma?
Grace period: At least 30 days after maturity, at one thirtieth of the monthly charge per day.
How many pawn shops are listed in Oklahoma?
57 pawn shops in 3 cities: Tulsa, Oklahoma City, Norman. 51 of them match the state's official list of licensed pawnbrokers.
Sources
- DOCC PB Rate Chart effective 11/1/2021; 59 O.S. §1510: oklahoma.gov
- 59O.S.§1510(D) (compilación2022): oksenate.gov
- 59 O.S. §1510: oksenate.gov