Oregon Payday & Small-Dollar Loan Laws
36% APR cap
Oregon caps payday loan APRs at 36% with a one-time origination fee, effectively limiting effective APRs to around 154% on a 31-day loan.
Oregon Lending Overview
Oregon residents access a lending market defined by specific interest rate caps and loan structures. State law limits the annual percentage rate on payday loans to 36%, though lenders may also charge a one-time origination fee of up to $10 per $100 borrowed. Under these regulations, a standard loan must have a minimum term of 31 days. While the legal maximum for these transactions is $50,000, the addition of the origination fee means the effective APR on a month-long loan typically reaches approximately 154%.
Borrowers in the state utilize various credit products including payday loans, installment loans, and traditional personal loans to cover emergency expenses. Because the 31-day minimum term is longer than in many other states, short-term borrowing often functions as a bridge toward the next monthly pay cycle. Residents frequently compare these state-regulated options with unsecured personal loans from banks or online lenders when seeking larger sums or longer repayment periods for debt consolidation and unexpected bills.
Maximum loan amount
$50,000
Maximum loan term
31 days minimum
Maximum APR / finance charge
36% APR + $10 per $100 origination (one-time)
Rollover / renewal rule
2 rollovers allowed
Cooling-off period
7 days between loans
Governing statute
Or. Rev. Stat. § 725A
Who regulates lenders in Oregon
Oregon Division of Financial Regulation
File a complaint with the regulator above if a lender violates state law. You can also file with the CFPB.
Oregon loan options
Other state loan laws
Reviewed by Darnell Pierce, MBA. Last reviewed January 2026. This page is informational, not legal advice — verify current rules with the state regulator before borrowing.