West · 36% APR cap
Payday loans in Oregon
Oregon does not license classic two-week payday pricing: a 36% APR cap keeps typical payday fees out of the market. The storefronts that remain sell installment products under that cap.
Classic payday pricing is not licensed here, so treat any two-week, high-fee offer as a red flag.
The rules behind the numbers
Payday loans in Oregon are subject to interest rate caps, fee limits, and mandatory minimum loan terms.
In practice: borrow $300 for a standard term and the finance charge is $39.17 — $339.17 repaid at the end, about 154% APR. Every compliant lender in Oregon has to fit inside that schedule.
Statute: ORS § 725A.010 et seq.
Regulator: Oregon Division of Financial Regulation · dfr.oregon.gov
Questions people ask here
Why can't I find two-week payday stores in Oregon?
Oregon caps small-loan APR at 36%. At that rate a two-week $300 loan earns a lender about $4 — which is why classic payday pricing can't legally exist here. Storefronts that remain offer installment loans under the cap.
What can I legally borrow instead in Oregon?
Installment loans priced under the 36% cap, federal credit-union PAY loans, and employer advance programs are the lawful routes. Anything advertising "no credit check" two-week fees is not licensed here.
A lender offered me a payday loan online anyway. Is that legal?
Not for a Oregon resident. The 36% cap applies regardless of where the lender is based — that offer is illegal in this state, and worth reporting.
Who enforces the cap in Oregon?
Complaints about a licensed lender go to the Oregon Division of Financial Regulation (dfr.oregon.gov) — keep the loan agreement and every fee disclosure you were given.