- Payday loans in Medford follow Oklahoma law (Oklahoma Deferred Deposit Lending Act (59 O.S. §§ 3101–3119)).
- Borrowing $300 at the state maximum costs $45.
- The nearest larger city is Enid, about 28 miles away.
Medford at a glance
| Medford | |
|---|---|
| Population (2024 Census estimate) | 915 |
| Change since 2020 | -1.9% (shrinking) |
| County | Grant County |
| Size rank among 411 Oklahoma places we cover | 224th |
| Nearest larger city | Enid (about 28 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 5 (about 8,083 residents) |
| Typical payday APR statewide (CRL 2023) | 424% |
Payday lending in Medford follows Oklahoma state law. Lenders that serve Medford, in a store or online, must be licensed by the Oklahoma Department of Consumer Credit.
Credit unions near Medford
NCUA data (June 2026) shows no credit union headquartered in Medford or Grant County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Medford
The main Oklahoma rules for a payday loan in Medford: maximum loan: $500; maximum fee: $15 per $100 on the first $300, then $10 per $100; loan term: 12 to 45 days. See the full Oklahoma payday loan rules.
What a $300 loan costs in Medford
At Oklahoma’s maximum fee, borrowing $300 costs $45. Statewide, the typical APR on a $400 payday loan was 424% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Grant County before you borrow
- Call or text 211 for help with rent, utilities and food in Grant County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Medford
The nearest larger city is Enid, about 28 miles away. See all 411 Oklahoma cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Medford?
Yes. Payday loans are legal in Medford under Oklahoma state law, and lenders must be licensed by the Oklahoma Department of Consumer Credit.
How much does a payday loan cost in Medford?
At Oklahoma’s maximum fee, borrowing $300 costs $45. The typical statewide APR was 424% in 2023.
Where is the nearest credit union to Medford?
NCUA data shows no credit union headquartered in Medford or its county. Use the NCUA credit union locator to find branches and online credit unions.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Oklahoma Legislature — SB 1565 (2004)
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary