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Title loans in Oregon

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Shir Amram

Written by: Shir Amram

Title Loans in Oregon: Quick Cash Solutions

Seeking financial support in Oregon? Montana Capital Car Title Loans is here to assist. Our car title loans allow you to utilize your vehicle's equity as collateral, enabling you to borrow up to $50,000. Throughout the loan term, you retain possession of your vehicle.

Simply fill out our online request form to determine your eligibility without any obligations. Even with a poor credit history, approval is possible.

Key Takeaways

  1. Access up to $50,000 with car title loans in Oregon
  2. Poor credit isn't a barrier to getting a car title loan
  3. Oregon regulates car title loans for consumer protection
  4. Quick and easy title loan applications with same-day funding potential
  5. High-interest rates and repossession risk should be considered
Oregon Flag, USA

Oregon, known as "The Beaver State," features a beaver as a symbol of its flag, representing the state's historical connection to the fur trade.

What is a Title Loan?

A title loan is a financial arrangement where a borrower uses their vehicle as a guarantee for a short-term loan. The amount you can typically borrow ranges from 25% to 50% of your vehicle's value, depending on the title loan lender.

The borrower grants the lender a lien on the vehicle's title, which serves as security for the repayment of the loan. Given the usually high interest rates associated with this type of loan, it is recommended to consider it only in emergency situations.

This type of loan is particularly suitable for individuals who need immediate cash and have limited borrowing options due to credit issues. 

However, borrowers should be aware of the repossession risks: if the loan is not repaid according to the terms, the lender has the right to take possession of the vehicle used as collateral.

Title Loan Legality in Oregon

Title loans, though beneficial, are not without regulation in the Beaver State. In fact, the Oregon Department of Consumer and Business Services oversees the licensing and regulation of title lenders, ensuring they adhere to state laws.

These laws stipulate that car title loans in Oregon must:

  • Have a minimum duration of 31 days and cannot exceed 60 days
  • Have a maximum annual interest rate capped at 36%
  • Have a one-time origination fee of up to 10%, to a maximum of $30

And yes, title lenders can repossess your vehicle if you default, as long as the vehicle is not protected by being behind a locked gate or in a garage.

Title Loans in Oregon Examples:

Let's consider a few scenarios to understand the costs of title loans in Oregon. Below is a breakdown of the total repayment amounts for different loan amounts over both 31 and 60 days:

Loan AmountInterest RateOrigination FeeTotal Repayment (31 days)Total Repayment (60 days)
Portland Head Light

Portland Head Light

Applying for a Car Title Loan in Oregon

Securing a car title loan in Oregon is straightforward and easy.

Online Application Process

  1. Complete a web form or call for a quote
  2. Get an instant decision, often within 5 minutes
  3. Receive funds as early as the next business day
  4. Loan extensions available if needed

Note: If you complete and sign the loan agreement before 2 PM according to the lender's local time, you may be eligible to receive your funds within as little as 5 hours.

Documents Needed for a Title Loan

  • Present a valid government-issued ID
  • Show proof of income and residency
  • Provide the vehicle title as collateral
  • Submit clear photographs of the vehicle

Before the loan is finalized, an online vehicle inspection can be conducted by submitting a few photos to establish the loan value.

It's critical to fully comprehend the loan terms and conditions prior to agreeing to the contract.

Evaluating Oregon Title Loan Lenders

Choosing an auto title loan lender in Oregon is not a decision to be taken lightly. It’s essential to verify that the lender is licensed with the state’s Division of Financial Regulation. This verifies their legitimacy and ensures they operate under state regulations.

When evaluating title lenders, it’s crucial to compare key factors like:

  • Loan amounts
  • Annual percentage rates (APR)
  • Loan terms
  • Minimal borrower requirements
  • Expected approval and funding time frames.

Benefits of Oregon Auto Title Loans

Despite the higher interest rates and potential risks, Oregon auto title loans come with significant benefits that make them an attractive option for many borrowers.

Quick Approval and Funding

Online title loans in Oregon are known for their rapid approval and funding, often providing cash on the same day or the next business day. This quick access to funds is crucial for those in urgent financial situations.

Credit Flexibility

Oregon title loans are accessible even with poor credit. Title lenders prioritize the value of your vehicle and your ability to repay the loan over your credit history.

Diverse Repayment Terms

Repayment terms for Oregon title loans are varied, with the possibility to extend the loan period if needed, offering borrowers the flexibility to manage their finances effectively.

Risks and Responsible Borrowing

While Oregon title loans offer quick cash solutions, they are not without risks. Some important things to consider before taking out an online title loan include:

  • High-interest rates and fees can lead to financial issues
  • Late payments may result in vehicle repossession
  • Ensure that repayment fits comfortably within your budget

Lender Tip:

It is highly recommended that borrowers utilize an online title loan calculator to estimate their potential loan amount, monthly payments, and interest rates.

This tool helps in understanding the financial implications of an online title loan and assists in planning a budget that accommodates the additional expense. It's an invaluable resource for making informed decisions and ensuring the loan terms are manageable within your financial situation.

Cannon Beach's Haystack Rock

Alternatives to Title Loans in Oregon

Given the potential risks associated with title loans, it’s important to consider other financial solutions. Oregon residents have a variety of alternatives to using their vehicles as collateral for title loans. These alternatives include:

Personal Loans

For residents of Oregon with bad credit seeking alternatives to online title loans, personal loans might be a viable option. While traditional banks typically require good credit scores for unsecured loans, there are online lenders that specialize in personal loans for individuals with bad credit.

However, it's crucial to note that these personal loans may come with higher interest rates compared to standard bank offerings, reflecting the increased risk to the lender.

Payday Loans

If you need cash fast and don't want to use your car as a guarantee, you might look at payday loans. These are available in Oregon even if you have bad credit. You don't need to own a car to get one, which is good for people who don't have a car or don't want to risk losing it.

But be careful—payday loans can be risky. They come with really high fees and interest rates, and you have to pay them back quickly. If you're not careful, you could end up in more debt. So, it's important to think twice before getting a payday loan.

Borrowing from Family or Friends

Another alternative to online title loans is borrowing from family or friends. This option can offer more flexibility and forgiveness. It often lacks the high-interest rates found in formal lending. The repayment schedules are usually less strict. Yet, mixing finances with personal relationships can lead to tension. It's crucial to establish clear terms and expectations from the beginning.


To wrap things up, online title loans in Oregon provide a quick and easy solution to your financial needs, offering substantial loan amounts using your vehicle as collateral. It’s vital to evaluate your options, understand the loan agreement fully, and ensure that repayment fits within your budget.

Remember, responsible borrowing is key to leveraging the benefits of title loans while mitigating potential risks.

If you're considering a title loan in Oregon and would like more information, we're here to help. Give us a call at (888) 700-8900 or apply online to discuss how you can secure the financial assistance you require.

Frequently Asked Questions

Does Oregon Allow Title Loans?

Indeed, Oregon allows title loans, which are essentially quick cash advances secured by your vehicle's title. Nonetheless, the state has put in place stringent regulations to ensure a fair and protective environment for consumers who opt for these loans.

Does Oregon Allow Payday Loans?

Yes, you can obtain payday loans in Oregon, but it's crucial to only borrow from lenders that are licensed to operate within the state. Avoid any lender that isn't licensed in Oregon. While banks and credit unions are also authorized to offer payday loans, they are not obligated to secure a license for this purpose.

Why are Title Loans so Expensive?

Title loans often carry high annual percentage rates (APRs) and additional fees. These loans target short-term financial needs and use the borrower's vehicle title as collateral. Lenders charge higher interest rates to mitigate risks from borrowers with poor credit histories.

Additionally, the quick approval and funding process adds to the overall cost of borrowing.

What are Two Disadvantages of a Title Loan?

The two main disadvantages of a title loan are the high-interest rates that can significantly increase the cost of borrowing and the risk of vehicle repossession if the loan is not repaid according to the agreed terms.

Do Car Title Loans Impact Credit Scores?

Generally, title loans don't directly affect credit scores since they're secured loans. However, not repaying them can lead to repossession, which may harm credit. Making timely payments is crucial to avoid negative repercussions.

Shir Amram

Written by

Shir Amram

Shir Amram is a senior loan officer at Montana Capital Car Title Loans. With over 10 years of experience in the finance industry, Shir has been an asset in her role and has contributed significantly to our company's success, Shir’s academic background in economics and financial knowledge helps us fulfill our education mission as she creates a valuable content to our blog. 

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