Oregon payday loans must run at least 31 days and no more than 60 days. This differs from the familiar two-week payday model, so compare the actual due date and schedule rather than assuming repayment on the next payday. The lender must provide a written agreement that explains fees, the percentage rate, due dates, and what may happen after late payment or default.
Oregon caps interest at 36% annually and permits a one-time origination fee of 10% of the loan, up to $30, for a new loan. The state gives a maximum APR of 153.77% when both maximum charges apply. For a $300 example, the regulator lists $39.17 in origination fee and interest, for a total cost of $339.17. The APR is not the same as the dollar fee.
Oregon requires payday and title lenders, including online lenders, to be licensed. Check the state’s license list before providing bank or identity details, and keep a copy of the signed agreement. Oregon DFR accepts consumer complaints; its warning-sign guidance says not to pay an upfront fee requested by card to obtain a loan. Report a suspected violation to DFR.
Official reference: Oregon Division of Financial Regulation — Payday Loans. Checked November 11, 2026.