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LoanFAP is a direct lender serving Oregon residents, including Portland, Eugene, and Salem. Apply online in minutes for a personal installment loan of up to $50,000, get a decision the same business day, and repay on a fixed schedule you know before you sign.
Oregon installment loans at a glance: Personal installment loans are legal in Oregon and regulated by the Department of Consumer and Business Services under ORS 725.340. You can borrow up to $50,000, with rates capped at 36%. A prepayment penalty is permitted here, so check that term before you sign along with the full APR and payment schedule the lender must disclose. Oregon also allows payday loans and title loans.
Rules current as of July 2026.
Governing law: ORS 725.340
The maximum allowable APR for personal installment loans in Oregon is 36%, as per ORS 725.340. Loans can be issued up to $50,000 with a minimum term of 31 days. An origination fee of $10 per $100 of the loan amount or $30, whichever is less, is permitted. A license is required to offer these loans.
| Loan Amount | Term | APR (est.) | Total Interest | Total to Repay |
|---|---|---|---|---|
| $1,000 | 24 months | 36% | $418 | $1,418 |
| $5,000 | 24 months | 36% | $2,087 | $7,087 |
| $10,000 | 24 months | 36% | $4,174 | $14,174 |
Oregon law allows a finance charge that does not exceed 36% APR for loans up to $50,000 as per ORS 725.340. The lender must provide a Truth-in-Lending disclosure showing the exact APR before signing.
Oregon residents should be aware that personal installment loans have a fixed APR of 36%. Additional fees may apply, such as origination fees, which are capped by statute.
Consumers are protected by a cap on late fees, which cannot exceed 5% of the installment or $5, whichever is less. License verification is required under the Oregon Consumer Finance Act, ensuring lenders are authorized to operate.
Complaint Agency: Department of Consumer and Business Services
Understanding your repayment flexibility is important when choosing a personal installment loan in Oregon.
In addition to state law, six federal laws protect consumer loan borrowers in every state. These apply regardless of where you borrow or which type of loan you take.
| Federal Law | What It Means for You | Who It Covers |
|---|---|---|
| Truth in Lending Act / Regulation Z | Regulation Z protects consumers by requiring clear disclosure of key credit terms and costs. | Applies to consumer credit including mortgages, credit cards, and installment loans. |
| Military Lending Act | The MLA caps the annual percentage rate at 36% for loans to active duty service members and their dependents. | Covers active duty service members and their dependents. |
| Fair Debt Collection Practices Act / Regulation F | Regulation F governs the practices of debt collectors, prohibiting abusive, deceptive, and unfair practices. | Applies to third-party debt collectors collecting consumer debts. |
| Fair Credit Reporting Act / Regulation V | Regulation V ensures accuracy and privacy of consumer credit information held by credit reporting agencies. | Applies to consumer reporting agencies and users of consumer reports. |
| Equal Credit Opportunity Act / Regulation B | Regulation B prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, or age. | Applies to all creditors in any aspect of a credit transaction. |
| CFPB UDAAP authority | The CFPB can take action against unfair, deceptive, or abusive acts or practices in consumer financial products or services. | Applies to all consumer financial products and services. |
These federal protections apply in all 50 states regardless of state law. They set a baseline floor of consumer rights.
Federal regulations, such as those from the CFPB and the Military Lending Act, apply in addition to state laws, providing an additional layer of consumer protection.
Yes. Personal installment loans are legal in Oregon and regulated under ORS 725.340. Lenders must hold a state license to make these loans. A licensed lender has to follow the state's limits on rates, loan size and fees, and disclose your APR, finance charge and full payment schedule before you sign.
In Oregon, the maximum rate on a personal installment loan is 36% under ORS 725.340. That is a ceiling, not a quote: your actual APR depends on the loan amount, the term and the lender, and it must be disclosed in writing before you sign.
In Oregon, a licensed lender may write a personal installment loan of up to $50,000 under ORS 725.340. Individual lenders often approve less than the state maximum based on your income and credit profile. Borrow only what the monthly payment leaves you able to cover.
There can be. Oregon law permits a lender to charge a prepayment penalty on a personal installment loan under ORS 725.340, within statutory limits. Not every lender charges one, so ask for the prepayment terms in writing before you sign if you expect to repay early.
Oregon caps loan fees separately from interest under ORS 725.340. Origination fee: $10 per $100 of the loan amount or $30, whichever is less. Late fee: 5% of installment; max $5. Anything a lender charges beyond these has to be itemised in your agreement, so compare the total finance charge and not just the advertised rate.
Yes. Alongside installment lending, Oregon permits payday loans under ORS 725A.064. A payday loan term there runs up to 31 days. A payday loan is a single lump-sum repayment tied to your next pay date, which makes it a different and usually far more expensive product than an installment loan repaid over months.
Yes. Oregon permits car title lending under ORS 725A.062 at rates of 36%. A title loan is secured against your vehicle, so falling behind can cost you the car. An unsecured personal installment loan puts no vehicle at risk, which is worth weighing before you pledge a title.
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2197 Cheshire Bridge Rd NE, Atlanta, GA 30324 | (470) 781-9223
Every loan offered through Loan For Any Purpose is subject to credit approval based on our underwriting standards. Rates, terms, fees, and the availability of specific products vary by state and by applicant. Qualification is not guaranteed, and the loan amount you receive may be lower than the maximum advertised. All loans carry applicable terms and conditions. Our lending products are designed to meet short-term financial needs — they are not intended as a long-term borrowing solution. We recommend that borrowers with ongoing credit difficulties seek guidance from a certified credit counseling service. If you apply online, verification of your submitted information may be required before funding, potentially adding up to two business days to the disbursement timeline.
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