Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
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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.
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:
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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
While each payday lender is different, you typically need to meet the following requirements to apply for a payday loan in Portland:
When you apply, you might need to provide the following documents and information:
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.
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.
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