Loan Options in Oregon

Oregon allows both payday and installment loans but regulates them more tightly than most states. The Oregon Division of Financial Regulation (DFR) oversees consumer lending and enforces the state's payday-loan statute (ORS 725A), which sets a minimum 31-day loan term, caps the annual percentage rate at 36%, limits origination fees, and prohibits rollovers.

Installment loans fall under Oregon's Consumer Finance Act (ORS 725). Lenders must disclose all costs before you sign, and interest-rate caps apply based on loan amount and term. For exact rate ceilings and fee structures, see the Oregon Rates & Fees page.

If you'd rather skip high-cost borrowing altogether, explore Oregon alternatives - including community action agencies and credit-union options - before committing to any loan.

• 36% APR cap on payday loans (ORS 725A.064) - Oregon's rate cap is one of the lowest in the country for short-term loans. Total borrowing costs stay far below the triple-digit APRs seen in less-regulated states.
• Minimum 31-day loan term (ORS 725A.064) - By banning two-week payback windows, Oregon gives you more time to repay and removes the pressure that drives repeat rollovers elsewhere.
• No rollovers or back-to-back re-borrowing - Lenders cannot refinance a payday loan into a new one, which prevents the debt-trap cycle that inflates costs in states without this rule.
• Mandatory state licensing - Every payday or consumer-finance lender must hold an active Oregon license. You can confirm any lender's status through the DFR licensee search before sharing personal or financial information.

For broader tips on spotting unlicensed or fraudulent lenders, review the LendUp scams & safety guide.