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Payday Loans in Oregon (OR)

Are you looking for reliable lenders? We have listed all lenders with a good reputation in Oregon for your reference. Just go through the list and pick out the one that offers best terms and conditions.

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    Benefits of Getting Payday Loans in Oregon

    In Oregon, payday loans offer a wide range of perks that are unavailable with several other lending options.

    No Credit Check

    Most payday loan lenders in the state offer no credit check payday loans. Compared to a hard check, no credit pulls have no negative impacts on your credit score.

    Quick Approval

    Online lenders typically approve your request for a same day payday loan. You can also receive the funds in your account within one to two business days.

    Convenient Loan Request

    Oregon residents have access to reputable payday lenders and brokers online. So, you can complete your application from the comfort of your home.

    Flexible Repayment

    Some of the best online payday loans also allow you to choose a wide range of repayment methods to settle your debt.

    Common Uses of Oregon Online Payday Loans

    Oregon residents take out online payday loans for a variety of reasons. But since the credit option is usually short-term, most borrowers use it to settle urgent, basic living expenses. For instance, an online payday loan may be helpful in medical emergencies.

    For example, some borrowers may use a payday loan to complete their rent payments or make some important repairs to their houses. Others may choose to spend the funds on small luxuries.

    How to Qualify for a Payday Loan in Oregon?

    The eligibility requirements to qualify for a payday loan are quite similar to the requirements in most states. While each lender may have different terms and conditions, here are some common criteria.

    • Legal Age and Residence: You must be above the age of 18 years and have a permanent residential address in Oregon.
    • Income: It is important to show proof of stable income, usually with consistent earnings for three months before your application.
    • Bank Account: You will need to provide active savings or checking account to receive the loan amount.

    Steps to Follow When Taking Out Payday Loans Online in Oregon

    Getting an online payday loan in Oregon is a simple process that can be completed on your mobile device. But it may not be easy to find reputable lenders by yourselves.

    However, The process will be simpler when you use a reputable broker like WeLoans. Below is an outline of the procedure to make a loan request through WeLoans.

    1. Fill your personal and financial information into the online application form on our website. Afterward, we will forward the application form to our long list of lenders.
    2. You will receive loan offers from several potential lenders. Compare these different options and choose one that's fit for your needs.
    3. Once you sign an agreement with the lender, you can expect the cash to appear in your account as fast as one business day.

    How to Find Out Payday Loan Stores Near Me in Oregon

    If you wish to visit a walk-in store or get access to direct payday lenders near you, there's an easy way out. You can find the closest payday loan store on this page. WeLoans highlights the major lenders in this state. You can check out their addresses and opening hours before visiting the loan stores.

    Oregon Payday Loans, the Solution to Your Short-Term Financial Needs

    🔒 100% secure

    Bank-level privacy protection

    💵 Easy cash

    Maximum amount of $5,000

    🟢 No waiting

    Convenient access online, 24/7

    🆙 Bad credit ok

    No stringent credit requirements

    Our Top Online Payday Loans Services in Oregon

    • AD
      Personal Loans
      4.9
      24/7 Accessible
      • Various personal loan options
      • Loan amount up to $35000
      • Reasonable rates
      Go to website
    • AD
      Bad Credit Loans
      4.8
      WeLoans' rating
      • Ideal for borrowers with bad credit
      • No collateral needed
      • Flexible repayment terms
      Go to website
    • AD
      Cash Advance
      4.8
      WeLoans' rating
      • Decision as fast as several minutes
      • No extra fees required
      • Easy and safe process
      Go to website

    15 Best Payday Loans & Cash Advance in Oregon (OR)

    We present you with a list of all financial companies that are ready to tide you over in Oregon. To save you from hassle, kindly check the list below and see whether the information is helpful or not.

    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (304)
      • Address:
      • 1004 S Central Ave, Medford, OR 97501, United States
      • Phone:
      • +1 503-381-7598
      Mark Okrasinski says, “EXCELLENCE!! Bret Martin trains people for life and by the way explains how to market yourself or any product for that matter ...View more
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (251)
      • Address:
      • 1570 SE 9th Ave, Albany, OR 97322, United States
      • Phone:
      • +1 541-917-1960
      Hannah Fillmore says, “The ladies are so nice and quick to help. Highly recommendView more
    • 4.8
      AllStarAllStarAllStarAllStarHallStar
      (222)
      • Address:
      • 951 NE Adams St, McMinnville, OR 97128
      • Phone:
      • (503) 472-3121
      Raedeane shier says, “I really was happy with Brent for the speedy way he handled the loan today. Thanks so muchView more
    • 4
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (154)
      • Address:
      • 21931 SE Stark St, Gresham, OR 97030, United States
      • Phone:
      • +1 503-661-5626
      tera keller says, “Yes very friendly and no hassle and very helpful with understanding my loan.View more
    • 5
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (126)
      • Address:
      • 530 SE 10th Ave, Hillsboro, OR 97123, United States
      • Phone:
      • +1 503-640-1111
      Daniel Bryant says, “I would recommend this place they are fast and friendly and got me my money with some perks added as well, so thank you ACE C ...View more
    • 6
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (120)
      • Address:
      • 2455 SE Tualatin Valley Hwy, Hillsboro, OR 97123, United States
      • Phone:
      • +1 503-597-6097
      Sativa Eley says, “Very friendly and understanding and helpful. I’m glad I’m working with them for my car loanView more
    • 7
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (117)
      • Address:
      • 436 W Antler Ave, Redmond, OR 97756, United States
      • Phone:
      • +1 541-548-9117
      Cody Faught says, “Angie is the best and amber is a hoot nowhere in the world could a finance company be this fun and entertaining! Thanks for e ...View more
    • 8
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (99)
      • Address:
      • Parking lot, 922 SE Oak St, Hillsboro, OR 97123, United States
      • Phone:
      • +1 503-924-6360
      sergio avila says, “Great costumer services they were able to help me with all my needs , I appreciate the help . recommend this location was ab ...View more
    • 9
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (105)
      • Address:
      • 1245 Columbia St NE, Salem, OR 97301, United States
      • Phone:
      • +1 971-304-0340
      Paulina Gonalez says, “first time getting a loan, that employee brenda, made me less worried and walked me through the process! Good team! hard at w ...View more
    • 10
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (101)
      • Address:
      • 845 S Broadway, Coos Bay, OR 97420, United States
      • Phone:
      • +1 541-266-7000
      Eliteoutdoor &sportinggoodssurplus says, “Always a delight cashing here Arrianna is very helpful and has amazing customer service skills.View more
    • 11
      4.6
      AllStarAllStarAllStarAllStarHallStar
      (109)
      • Address:
      • 11705 SW Pacific Hwy Ste Y, Tigard, OR 97223, United States
      • Phone:
      • +1 503-968-1010
      Mary Gustin says, “Maria was a breath of fresh air! I have not been in a few years and she made my experience much less scary and intimidating. ...View more
    • 12
      4.5
      AllStarAllStarAllStarAllStarHallStar
      (116)
      • Address:
      • 3110 SW Cedar Hills Blvd, Beaverton, OR 97005, United States
      • Phone:
      • +1 503-526-9200
      Sarah Burch says, “Lady was patient and polite 👏 compared to the other location. Excellent customer service respect for her cause she was on he ...View more
    • 13
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (89)
      • Address:
      • 1040 Lancaster Dr SE, Salem, OR 97317, United States
      • Phone:
      • +1 503-585-6411
      Shane Harmon says, “They helped me out in time of need when I had troubles everywhere else I would recommend these people your professional they ...View more
    • 14
      4.6
      AllStarAllStarAllStarAllStarHallStar
      (96)
      • Address:
      • 412 SE 7th St, Grants Pass, OR 97526, United States
      • Phone:
      • +1 541-471-8865
      Leslie B says, “Have to be specific but good group of friendly ladies and great serviceView more
    • 15
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (83)
      • Address:
      • 20360 Empire Ave Suite B4, Bend, OR 97703, United States
      • Phone:
      • +1 541-617-1922
      peaches lewis says, “The Bend crew is so friendly, helpful and genuinely caring .. I look forward to going in each month to see their smiling face ...View more

    Oregon Payday Loans Regulations

    • Loan Amount (max)

      $50,000

    • Loan Term (max)

      60 days

    • APR

      154%

    Business concerning payday loans in Oregon is Legal. There is a $50,000 amount limit offered by the lenders. A payday loan in this state can be taken for a period of not longer than 60 days. 2 rollovers are given on each loan.

    Oregon Payday Loan Amount

    • The maximum loan amount in Oregon is $50,000 (or up to 25% of the borrower's net monthly income if the annual income is less than $60,000).
    • There is no limit to the number of loans that can be applied for.

    Oregon Rates, Fees, and Other Charges

    Payday loan lenders are not permitted to do the following in the state of Oregon:

    • Proceed or renew any payday loan with an interest rate greater than 36%, excluding a single instance of origination fees for a new loan.
    • Apply charges of more than $10 per $100 loaned, including loan renewals, like an origination fee, or $30, whichever is less.
    • Apply fees or interest charges to a borrower that are not described in ORS 725A.060 (1) (c) or (d) under 725A.064.

    According to the Center for Responsible Lending 2019, the average $300 payday loan in Oregon can have a real APR of 154 percent.

    In Oregon, how much does a $200 payday loan cost?

    With a minimum term of 31 days:

    ARP: 154%

    Total Interest Paid: $200*154%*(31/365) = $26.2

    Total Payments: $200+$26.2 = $226.2

    The Maximum Payday Loan Term in Oregon

    • According to state law, the maximum loan term is 60 days, with a minimum term of 31 days.
    • There is also a cooling-off period law in the state, which states that a person may apply for another loan only 60 days after the previous loan has been fully repaid.
    • A 7-day cooling-off period should be allowed between two consecutive loans.
    • In Oregon, loans can be rolled over twice.

    Consumer Information

    Attention

    Since July 2020, the Consumer Financial Protection Bureau (CFPB) has changed the rule so that lenders are no longer required to check a borrower's ability to repay a loan. Be cautious, assess your financial situation, and avoid falling into a debt trap.

    • Lenders are not permitted to take any criminal action against borrowers; however, civil trials are permitted.
    • If a check is returned due to non-sufficient funds, a fee of $20 is charged, in addition to any other bank fees.

    To learn more about the state's payday lenders, go to the Oregon Division of Financial Regulation or call the Attorney General's office.

    Find Payday Loans in Oregon by Cities

    It is a breeze to get an online payday loan in Oregon. Just hit your target city and pick out the lender who offers the best terms and conditions.

    Calculator for Oregon Payday Loans Estimate

    Utilize the calculator below to keep yourself informed about the estimated total costs of a payday loan in Oregon.

    Estimated Payment

    $ null

    • Total Principal Paid:$ 1,000.00
    • Finance charge:$ 255.62
    • APR: 311.00 %

    Payment Breakdown

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    Learn more about payday loans in different states

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    Oregon Payday Loans at Your Local Area

    ACE Cash Express
    4.3
    (132)
    Loan agency
    American Equipment Finance
    4.9
    (63)
    Loan agency
    United Finance
    4.7
    (59)
    Loan agency
    Rapid Cash
    4.1
    (86)
    Loan agency

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