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The Best Loans in Oregon 2022: Compare Loan Rates

Written by:  Joe Chappius
|
Last updated: May 6, 2024

Financer.com helps you compare online loan rates in Oregon. Compare different loan options in Oregon and read more about the payday loan laws in the state.

  • Compare lenders online
  • Find a loan in Oregon
  • Compare loan rates and apply

How to Compare Loans in Oregon

How to Compare Loans in Oregon
1
Choose your loan amount
Choose the amount of money you want to borrow
2
Compare loan rates
Filter the results based on your needs and compare loan rates
3
Choose the best offer
Choose the best offer from leading lenders
4
Complete the application
Click Get Started and complete your application online

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Online Payday Loans in Oregon

Payday lenders and title lenders are allowed to do business in Oregon State as long as they abide by the rules.

There are multiple storefront lenders giving out cash loans in many cities like Salem, and Portland, Oregon. Numerous lenders are also giving out loans online.

Find out more about your cash advance options in this fast-growing industry in this article.

The Advantages of Online Oregon Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As The Same Day
Get Funds As Soon As The Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Quick Facts About Oregon Payday Loans

Most people rush to take payday loans and come to know of their terms later. Keep the following points in mind as you shop for the right payday loan:

  1. A payday loan should be up to 25% of a borrower’s net monthly income (up to $60,000)
  2. Technically, the maximum amount of a payday loan in Oregon can be a whopping $50,000
  3. Oregon requires payday loans to have a minimum 31 days term, instead of the typical 7-14 day payday loan repayment cycle.
  4. There is a restriction of 36% APR interest
  5. APR for a $100 loan given for 31 days should not be more than 154%

Oregon laws have placed no limitations on the number of payday loans a person can take.  Still, there needs to be a cooling-off period of 7 days between 2 consecutive loans. Rollovers are only allowed twice.

Just like the majority of the states, Oregon lenders are forbidden from taking any criminal action against borrowers.

Civil trials are legal so a lender may choose to go down that road in case of loan defaulters. An NSF fee of $20 is charged, along with other bank charges.

Oregon Payday Loan Regulations

Legal Status Legal
Interest Rate (APR) 154%
Max. Loan Amount $50,000
Min. Loan Term 31 days
Max. Loan Term 60 days
Number of Rollovers 2
Statute of Limitations 6 years
Database Tracking No
Updated July 19 2022

Lenders in Oregon

You can find lenders that offer payday loans in Salem, Oregon, Portland, and more. Here are a complete list:

  • Albany
  • Baker City
  • Eugene
  • Madras
  • Lebanon
  • Milton Freewater
  • Keizer
  • Medford
  • Newport
  • Salem
  • Springfield

 

Get the Loan You Need

An online personal loan can help when you need cash for large purchases or unplanned expenses.
Holiday
Holiday
Wedding
Wedding
Home Renovations
Home Renovations
Bills
Bills
Shopping
Shopping
Education
Education

Where Can I Get a Loan in OR?

There are many lenders that provides loans in Oregon, including:

 

Why Compare Personal Loans at Financer.com

Completely Free Comparison
Completely Free Comparison
Instant Results Without a Credit Check
Instant Results Without a Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find the Cheapest Payday Loans in Oregon
Find the Cheapest Payday Loans in Oregon
Compare Now

Compare Oregon Loans at Financer.com

Financer.com helps you compare the best personal loans in Oregon and get the best loan rates from leading lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan in Oregon and take the guesswork out of doing all the legwork yourself.

What Customers Say About Us

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4.60 based on 326 reviews

from Reviews.io

Loans in Oregon - FAQs

How much does a loan in Oregon cost?
This depends on the lender and the offer you accept. As an example, if you borrow $1,000 with an APR of 36% over 6 months, you'll pay $184,60 per month for a total of $1,107.59.
Are payday loans legal in OR?

Yes, payday loans are allowed in Oregon. Loans are capped at $50,000 and a payday loan should not make up more than 25% of a borrower's salary.

Where can I get Oregon loans?

There are many online lenders that provide loans in Oregon, and these include 5KFunds, BadCreditLoans, LoansUnder36, PenFed, and Upgrade.

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