Personal loans in Union, OR

Residents of Union, Oregon look for personal loans for many reasons: consolidating card balances, covering a repair, or smoothing out a one-off expense. The rules that apply to a lender in Oregon are set by the state, not by federal law alone. It also affects which lenders are licensed to serve you at all. Enter your own numbers rather than relying on an advertised example rate. The guides linked below explain the terms you will meet in a loan agreement.

Lenders serving Union must be licensed under Oregon rules.

What to know before you borrow in Oregon

Payday lendingPermitted and regulated — maximum loan amount: $50,000; maximum loan term: Made for a period of 60 days or less or for which the lender may demand repayment within 60 days. Loan cannot be made for less than 31 days.Source: National Conference of State Legislatures · as of 2023
Small-loan / installment licensingConsumer lenders must obtain a state license (Yes; if interest rate is greater than 12% per year).Source: Conference of State Bank Supervisors · as of 2026
Interest rate cap (usury limit)Usury limit: 9% unless otherwise agreed upon (Or. Rev. Stat. Ann. § 82.010 (2020)). Finance rates and fees for licensed lenders: 36% per annum OR 30 percentage points over the discount window primary credit rate published by the Director.Source: Conference of State Bank Supervisors · as of 2026
Consumer lending regulatorConsumer lenders in Oregon are licensed and supervised by the Oregon Division of Financial Regulation.Source: Conference of State Bank Supervisors · as of 2026

See all Oregon lending rules →

Compare offers in Union

Start with the personal loan calculator to see your monthly payment and total interest, then check that the payment fits your budget with the debt-to-income calculator.

If you are weighing more than one offer, the loan comparison calculator shows which costs less over the full term.

Compare personal loan offers in Union

Check your rate with a lending partner in about two minutes. Checking does not affect your credit score.

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Frequently asked questions

What if I am denied a loan in Union?

Ask the lender for the reason, check your credit report for errors, and consider a credit union or a smaller loan. A denial is not permanent, and a nonprofit credit counsellor can help you plan.

Can I get a personal loan in Union, Oregon?

Personal loans are offered in Union by banks, credit unions and online lenders, subject to Oregon licensing rules and the lender's own criteria. There is no city-level restriction; eligibility depends on your credit, income and the lender.

What credit score do I need for a personal loan in Union?

Lenders do not publish a single cutoff, and it varies by lender. A higher score generally means a lower rate. Checking pre-qualification usually involves a soft credit pull that does not affect your score.

Does Oregon cap the interest a lender can charge?

Yes, Oregon sets its own consumer lending rules, including any rate or fee limits. The sourced table above names the regulator and the statute for each figure.

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