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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    • AD
      Personal Loans
      4.9
      24/7 Accesssible
      • Various personal loan options
      • Loan amount up to $35000
      • Reasonable rates
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    • AD
      Bad Credit Loans
      4.8
      WeLoans' rating
      • Ideal for borrowers with bad credit
      • No collateral needed
      • Flexible repayment terms
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      Cash Advance
      4.8
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      • Decision as fast as several minutes
      • No extra fees required
      • Easy and safe process
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    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
      (1749)
      • Address:
      • 3335 Commercial St SE, Salem, OR 97302, United States
      • Phone:
      • +1 503-385-1394
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (515)
      • Address:
      • 13010 SW 68th Pkwy Suite 145, Tigard, OR 97223, United States
      • Phone:
      • +1 503-699-5626
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (321)
      • Address:
      • 4900 Meadows Rd #200, Lake Oswego, OR 97035, United States
      • Phone:
      • +1 503-536-4500
      • Open hours:
    • 4
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (319)
      • Address:
      • 1114 NE Baker St, McMinnville, OR 97128, United States
      • Phone:
      • +1 503-474-1845
      • Open hours:
    • 5
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (307)
      • Address:
      • 1570 SE 9th Ave, Albany, OR 97322, United States
      • Phone:
      • +1 541-917-1960
      • Open hours:
    • 6
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (303)
      • Address:
      • 1004 S Central Ave, Medford, OR 97501, United States
      • Phone:
      • +1 503-381-7598
      • Open hours:
    • 7
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (445)
      • Address:
      • 13185 SW Pacific Hwy Suite B-2, Tigard, OR 97223, United States
      • Phone:
      • +1 503-968-9510
      • Open hours:
    • 8
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (274)
      • Address:
      • 5885 Meadows Rd #150, Lake Oswego, OR 97035, United States
      • Phone:
      • +1 503-624-4900
      • Open hours:
    • 9
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (328)
      • Address:
      • 951 NE Adams St, McMinnville, OR 97128
      • Phone:
      • (503) 472-3121
      • Open hours:
    • 10
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (322)
      • Address:
      • 2211 State St, Salem, OR 97301, United States
      • Phone:
      • +1 503-391-4245
      • Open hours:
    • 11
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (186)
      • Address:
      • 404 SW Columbia St Suite 110, Bend, OR 97702, United States
      • Phone:
      • +1 541-550-7600
      • Open hours:
    • 12
      4.7
      AllStarAllStarAllStarAllStarHallStar
      (413)
      • Address:
      • 1191 Lancaster Dr NE, Salem, OR 97301, United States
      • Phone:
      • +1 503-362-9939
      • Open hours:
    • 13
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (259)
      • Address:
      • 300 SE 181st Ave, Portland, OR 97233, United States
      • Phone:
      • +1 503-667-2210
      • Open hours:
    • 14
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (233)
      • Address:
      • 2122 NE Sandy Blvd, Portland, OR 97232, United States
      • Phone:
      • +1 503-813-9273
      • Open hours:
    • 15
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (180)
      • Address:
      • 12012 SW Canyon Rd, Beaverton, OR 97005, United States
      • Phone:
      • +1 503-992-6656
      • Open hours:
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    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.

    View More Cities →

    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

    Oregon Payday Loans at Your Local Area

    Guild Mortgage - Brian Case
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (149)
    Mortgage lender
    Mid Oregon Credit Union-Home Loans
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (142)
    Mortgage lender
    Jackson Hewitt Tax Service
    4.8
    AllStarAllStarAllStarAllStarHallStar
    (192)
    Tax preparation
    United Finance
    4.8
    AllStarAllStarAllStarAllStarHallStar
    (188)
    Loan agency