Payday loans in Portland, Oregon are short-term loans that are normally for one month or less. In Oregon, the maximum loan term is 60 days, and the minimum term is 31 days. This longer-term differs from most other states.
The loan APR is capped at 36% and lenders cannot exceed this amount in charges. Oregon has a $50,000 limit on payday loans offered in the state. 2 rollovers are allowed. Criminal actions against borrowers are strictly prohibited. All lenders providing loans to Oregon residents must be licensed to operate in the state.
All lenders will require certain information including:
- You have a regular source of income
- You are at least 18 years old
- You are a citizen or permanent resident of the US
- You have a bank account
- You have a phone number and email address
Lenders may ask for some additional information such as a checking account number so they can deposit your loan funds and receive your loan payment when it is due.
Simple. Complete our loan request form. It is short, secure, and easy to do. After submitting your payday loan online request, you get an answer in 90 seconds or less in almost every case. If approved for payday loans in Portland, we connect you directly to your lender and they contact you directly right away to go over the loan amount, your terms and conditions, and answer all your questions.
Be sure you are comfortable with all terms and conditions, especially your due date, and that you can pay back your loan on the agreed-upon date. You are under no obligation to accept any loan offer.
There are many benefits of requesting payday loans in Oregon. Here are just a few to consider:
- No driving around and trying to find a storefront, wasting time and money (there are very few in Portland)
- Fast, secure, safe processing that you can trust
- High level of approvals due to the strong number of lenders we refer you to
- Use the cash in any way you need: emergency car repairs, medical bills, getting food or prescriptions… whatever you need.
Getting payday loans in Portland, OR will mean you will almost certainly do so online. CashOne is a great resource for all Oregonians as we have been in business for more than 10 years and have served more than 500,000 Americans from coast to coast.
We have a wide array of more than 100 direct payday lenders to refer you to. They have the money and desire to provide loans right now. Our referral service costs you nothing, simply complete a short and secure loan request form (just 2-3 minutes on your cell phone) and get an answer in 90 seconds or less. More than 80% of those requesting a loan are approved. There is no better place to be than CashOne.
Yes, you can get a payday loan without a credit check in Portland, Oregon. In fact, payday lenders do not do hard credit checks. The primary factor for determining if you are eligible for a payday loan in Portland is your monthly income level. This is the best indicator of your ability to repay your loan. Payday loans in Portland OR are determined using several factors with income being a primary one.
There is no limitation to the number of loans that a person can apply for or have at one time in Portland, OR. However, there is a required 7 day cooling-off period between loans. You can get new loans after each cooling off period. You are allowed to rollover (extend) your loan twice.
You can renew a payday loan in Portland, Oregon at an interest rate that does not exceed 36% per annum, excluding a one-time origination fee for a new loan.
You can only be charged one origination fee of $10 per $100 of the loan amount or $30, whichever is less, for loans including renewals.
In case of non-payment (NSF in the bank account), a fee of $20 can be charged plus any other charges from your bank.
Oregon law requires a cooling-off period of seven days after your previous loan expires.
There is no maximum limit to how many loans you can have out at once, and you are permitted two renewals or rollovers. Oregon law does not require lenders to offer a repayment plan.
If your income is less than $60,000 per year, you will be limited to 25% of your net monthly income for any loan amount offered to you. But most payday loans are short term, emergency loans and are not large enough to be of concern to consumers.