Compare payday loans in Portland, Oregon | finder.com
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Compare short-term loans in Portland, Oregon

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Where to find a lender near you, and what you need to apply.

If you live in Portland and need extra cash to stay afloat until your next check comes in, a payday loan can help when you’re out of other options. Luckily, Oregon state law sets caps on how much your lender can charge in interest and fees, which can help cut down on costs.

Already have a loan? You technically can take out another payday loan — but you risk getting trapped in a cycle of debt.

This article is about Portland, Oregon. To learn how payday loans work in Portland, Maine, read our guide to Maine payday loans. For Portland, Indiana, check out our guide to Indiana payday loans.

Can I get a payday loan in Portland, Oregon?

Yes, you can get a payday loan in Portland, Oregon both online and in stores, though state law has some restrictions. Here’s what you can expect:

  • Maximum amount: $50,000
  • Maximum interest rate: 36%
  • Maximum fees: $10 per $100 borrowed or $30, whichever is less
  • Terms: 31 to 60 days
  • Renewals: Up to two renewals allowed per loan

In Oregon, payday lenders must be licensed — this makes it easier to tell if they’re legit. You can check out our article on Oregon payday loans to learn more about how they work.

Compare short-term loans available in Portland

Rates last updated January 17th, 2019
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Max. Loan Amount Turnaround Time Requirements
OppLoans Installment Loans
Installment loans with competitive rates from a top-rated direct lender.
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Jora Installment Loans
Installment loans with repayment terms up to 30 months, depending on your state.
$2,600
1–2 days
Must have an active checking account, regular source of income and email address.
Blue Trust Loans Installment Loans
Get an installment loan from an online tribal lender. Perks for returning borrowers.
$2,000
As soon as next business day
Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
CashUSA Installment Loans
A connection service for quick cash loans up to $10,000.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
LendYou Short-term Loans
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
HonestLoans Installment Loans
Get a flexible installment loan with fast funding through one easy online application form.
$2,500
As soon as one business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.

Compare up to 4 providers

What do I need to apply?

While each payday lender is different, you typically need to meet the following requirements to apply for a payday loan in Portland:

  • Have a regular source of income. While you might not need to be employed, you need to show that you have enough money coming in to repay the loan. Some Portland lenders require a monthly income of at least $1,000.
  • Have a checking account. A few storefront lenders offer payday loans in cash, but if you borrow online you’ll need an active checking account to receive your funds. Some might be willing to work with savings account holders.
  • Be older than 18. You must be 18 or older to take out any kind of loan in Oregon.
  • Be a US citizen or permanent resident. If you’re looking for financing while on a visa, you might want to check out our article on nonresident loans instead.

When you apply, you might need to provide the following documents and information:

  • Valid ID. Lenders typically accept any up-to-date state-issued ID like a driver’s license or passport.
  • Verification of income. Some lenders want to see bank statements or pay stubs to make sure you’re bringing in the money you say you are.
  • Bank account information. You might be asked for your account and routing number so your lender can transfer the money directly into your account.
  • Contact information. You generally need to provide your address, phone number and email when you apply for a short-term loan.

Where to find short-term loan locations in Portland

Short-term loan locations near me in Portland, OR

  • Rapid Cash.3849 SE Powell Blvd, Portland, OR 97202
  • Cashco Financial Services Inc.3420 SE Cesar Estrada Chavez Blvd, Portland, OR 97202
  • Cash & Go.1235 NW 185th Ave, Beaverton, OR 97006
  • ACE Cash Express.2929 SE Powell Blvd, Portland, OR 97202
  • The Equitable Finance Company.4124 SE 82nd Ave, Portland, OR 97266
  • Cash Land.11051 SE Division St, Portland, OR 97266
  • United Finance.10245 NE Clackamas St, Portland, OR 97220
  • OneMain Financial.4340 NE Sandy Blvd, Portland, OR 97213
  • Excel Financial of Portland Inc.3809 SW Hall Blvd, Beaverton, OR 97005
  • One Stop Check Centers.1724 NE Broadway St, Portland, OR 97232

Be cautious of overborrowing

Portland law allows payday lenders to provide loans up to $50,000. While many don’t offer loans of that amount, the more you borrow, the more you’ll pay in interest and fees. With terms capped at 60 days, this can get expensive in the short and long term. Combine this with multiple payday loans and you can find yourself in a cycle of debt.

Bottom line

While Oregon has some protections for payday loan borrowers — like capping the cost — Portland payday loans can still be expensive. Make sure you’re working with a licensed lender, and consider your alternatives first before you apply.

Want to learn more about how short-term loans work? Read our guide to payday loans.

Frequently asked questions

Picture: Shutterstock

Anna Serio

Anna Serio is a staff writer untangling everything you need to know about personal loans, including student, car and business loans. She spent five years living in Beirut, where she was a news editor for The Daily Star and hung out with a lot of cats. She loves to eat, travel and save money.

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US Payday Loans Offers

Important Information*
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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