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Payday Loans

Compare your loan options in Oregon

Payday loans and other alternatives for quick cash in Oregon.

Kellye Guinan
Kellye Guinan

Last updated:

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Residents of Oregon can turn to payday loans when they need extra money, but taking some time to understand how these loans work is crucial to avoiding a cycle of debt. Find out how much you can borrow and the laws surrounding these short-term loans.

Our top pick: OppLoans Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
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Can I actually get a payday loan in Oregon?

Yes. Payday loans are governed by 54 Oregon Revised Statute § 725A.010 et seq. Payday loan terms last from 31 to 60 days. Lenders may not charge more than 36% interest and a single origination fee of $10 per $100, up to $300. A 31-day $100 loan has a max APR of 154%.

There is no maximum limit to how many loans you can have out at once, and you are permitted two renewals. Oregon law doesn’t specify fees for this and doesn’t require lenders to offer a repayment plan.

More generally, the maximum amount you can borrow for a personal loan in Oregon cannot exceed $50,000 — provided the money is used for personal, household or family expenses. However, if your income is less than $60,000 per year, you’re limited to 25% of your net monthly income.

Compare short-term loan providers in Oregon

Updated January 29th, 2020
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
OppLoans Installment Loans
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
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Check Into Cash Installment Loans
Check Into Cash Installment Loans
$3,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
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Fast5kLoans Short-term Loans Connection Service
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
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CashNetUSA Loan
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
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CashUSA Installment Loans
CashUSA Installment Loans
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
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Zaplo Installment Loan
Zaplo Installment Loan
$1,200
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
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Jora Installment Loans
Jora Installment Loans
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
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HonestLoans Installment Loans
HonestLoans Installment Loans
$50,000
Same business day to 1 business days
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.
Get a flexible installment loan with fast funding through one easy online application form.
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LendYou Short-term Loans
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
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Possible Finance Mobile Installment Loans
Possible Finance Mobile Installment Loans
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
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Compare up to 4 providers

What do I need to apply for a payday loan?

All lenders will require that you have a regular source of income, be at least 18 years old and be a citizen or permanent resident of the US.

Whether you apply online or in-store, you’ll have to provide some basic information. This includes your name, address, contact information and your Social Security number. Lenders will also want to confirm your income by checking whether you’re employed. Finally, if you apply online, the lender will request access to your checking account to deposit your loan funds and debit your payment when it’s due.

What are some alternatives to consider in Oregon?

Oregon HEAT, Temporary Assistance to Needy Families (TANF) and Supplemental Nutrition Assistance Program (SNAP) all provide help for people who struggle to pay their everyday bills. In addition, you can ask friends or family for help or negotiate with your creditors to lower your monthly payments.

A guide to payday loan alternatives to explore more options

Payday loan locations in Oregon

Below are payday loan storefronts in Oregon as of October 2018. You might want to call before visiting a particular lender to ensure it’s still located at that same address.

Bottom line

A payday loan can be a quick way to get out of a tough financial spot. Before you borrow, be sure you can pay back the full amount of your loan — the principal and the interest. Always confirm that the lender is operating by Oregon state standards.

Have any more questions about Oregon payday loans?

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