Payday loans in Oregon: the rules
Research draft — pending verification against the Oregon Division of Financial Regulation. {{VERIFY}}
Payday lending is legal but tightly restricted in Oregon.
Payday loans are legal but tightly restricted: 36% APR plus limited origination fee, 31-day minimum term.
The numbers at a glance
| Status | Restricted |
|---|---|
| Maximum amount | $50,000 (practical products much smaller) |
| Fee / rate limits | 36% APR + up to $10 per $100 origination (max $30) |
| Term limits | 31–60 days |
| Regulator | Oregon Division of Financial Regulation |
All figures are drafts compiled from public sources and must be confirmed with the regulator before relying on them. State legislatures change these rules — see our state law update tracker.
Borrowing here, sensibly
Legal doesn't mean cheap — payday-style credit in Oregon still typically costs triple-digit APRs. Check the cheaper options first, run the numbers in the cost calculator, and if you do borrow, verify the lender's license with the Oregon Division of Financial Regulation and never borrow more than your next paychecks can absorb.
Oregon questions
How much can I borrow in Oregon?
The state's general limit is $50,000 (practical products much smaller). Individual lenders may offer less depending on your income and history. Draft figure — verify with the Oregon Division of Financial Regulation.
What do payday loans cost in Oregon?
36% APR + up to $10 per $100 origination (max $30). Terms typically run 31–60 days. Your loan agreement must state the exact finance charge and APR before you sign. Draft figures — verify with the Oregon Division of Financial Regulation.
How do I check whether a lender is licensed in Oregon?
Search the Oregon Division of Financial Regulation's license database or call them before you sign anything. Licensed lenders must follow the state's caps and collection rules; unlicensed ones are a major red flag.