Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Compare your loan options in Oregon

Payday loans and other alternatives for quick cash in Oregon.

When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in Oregon and everything else you should know about how payday advances work.

Name Product Filter Values Loan amount Turnaround time Requirements
Chime SpotMe®
Not rated yet
Chime SpotMe®
Up to $200
Same day
Single qualifying $200 direct deposit into Chime checking account in the last 34 days.
Access fee-free overdrafts up to $200 when eligible. Plus get your paycheck up to 2 days early with direct deposit. See Chime terms and conditions.
OppLoans Installment Loans
Finder Rating: 4.7 / 5: ★★★★★
OppLoans Installment Loans
$500 to $4,000
As soon as the same business day.
+18 years old, Receive paychecks through direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
MoneyLion Instacash advances
$250, $1000 with RoarMoney account
3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account
Bank account must have at least 60 days of activity, show recurring deposits and must have a positive balance
Fee-free, interest-free cash advances up to $250.
Not rated yet
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Not rated yet
Up to $250
2 to 3 days
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Advance up to $250 from your paycheck plus get access to your paychecks up to 2 days early with direct deposit.
Possible Finance Mobile Installment Loans
Up to $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 21 states.

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.

Can I actually get a payday loan in Oregon?

Yes. Payday loans are governed by 54 Oregon Revised Statute § 725A.010 et seq. 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.

What do I need to apply for a payday loan?

All lenders will have basic requirements you need to meet.

  • You’ll need 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.
  • An active checking account is also often required. A few storefront lenders offer payday loans in cash, but if you borrow online you’ll need an active bank account to receive your funds.
  • By law, you must be 18 or older.
  • You must also 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.

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 or receive regular stipend payments from Social Security, child support or another source.

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?

Who do I contact if I have a problem with a payday lender?

You should contact the Oregon Department of Consumer & Business Services.

Is there a cooling-off period for payday loans in Oregon?

Oregon law requires a cooling-off period of seven days after your previous loan expires.

Do payday lenders in this state also provide installment loans?

This depends on the lender you choose to work with. You can get installment loans in Oregon through some lenders that provide payday loans.

More guides on Finder

Ask an Expert provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site