Oregon Payday Loan Laws, Explained
Last updated: July 20, 2026
Key takeaway
Key takeaway: Oregon's rate cap looks straightforward at first glance — 36% — but there's a separate fee layered on top that meaningfully changes the real cost. Here's how the two pieces fit together.
The 36% Interest Cap
Under ORS 725A.064, Oregon lenders can't charge more than 36% per annum in interest on a payday loan, and that cap applies across the full term of the loan including any renewals. On its own, 36% would put Oregon among the more protective states.
The Origination Fee That Changes the Math
Separately, lenders are allowed a one-time origination fee of $10 per $100 borrowed, capped at $30 total, chargeable once across the life of the loan and its renewals. Combine the 36% interest cap with the maximum origination fee, and the effective maximum APR on a typical short-term Oregon payday loan works out to roughly 154% — well above the headline 36% figure alone.
Term Length and Rollover Limits
An Oregon payday or title loan must run for at least 31 days and no more than 60 days, with a maximum of two renewals allowed on an existing loan. That's a notably longer minimum term than many states, which spreads the origination fee's impact over more days.
| Factor | Oregon Rule |
|---|---|
| Interest cap | 36% per annum |
| Origination fee | $10 per $100, max $30, one-time |
| Maximum combined APR | ~154% |
| Loan term | 31–60 days, up to 2 renewals |
Because the headline 36% rate doesn't tell the whole story, comparing total dollar cost — interest plus the origination fee — across lenders is the only way to see the real price in Oregon.
Sources: NCSL — Payday Lending State Statutes · CFPB — Payday Loans
Oregon Payday Loan FAQ
Are payday loans legal in Oregon?
Yes. Oregon caps interest at 36% per year, but a separate origination fee raises the real cost.
What is the true cost of an Oregon payday loan?
The 36% interest plus a $10-per-$100 origination fee (max $30) pushes the combined APR to about 154%.
How long is an Oregon payday loan term?
31 to 60 days, with up to 2 renewals.
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