Best Personal Loans in Oregon

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Contributor, Benzinga
December 5, 2023

Saving for a rainy day can take on new meaning when you live in the Pacific Northwest, which sees the most precipitation in the mainland United States. We found the best personal loans in Oregon for those times when your piggy bank stash doesn’t quite meet up with your financial needs.

Best Personal Loans in Oregon

  • Best for Little to No Credit: NetCredit
  • Best for Easy Online Application: Credible
  • Best for Wide Range of Financial Services: SoFi
  • Best for Home Improvement Loans: Upgrade
  • Best for Comparing Lenders: LendingClub

You know the benefits of digital banking solutions — they let you conduct transitions remotely. Online lenders can also make your borrowing experience painless. You can look at options that are good for Oregonians, and you can avoid visits to the bank or paper applications that often slow down the process.

Best for Little to No Credit: NetCredit

NetCredit is a good place to turn when you have no credit or, perhaps, you’ve experienced some struggles like a bankruptcy. You can get approved in funded in just a few days, and there are no prepayment fees.

NetCredit is available to Oregonians, but remember that it’s not in other places. Because you have this unique opportunity, you should strongly consider this platform.

Oregonians can check their chances of pre-approval with a soft credit pull, but interest rates could be high depending on their credit score. You may even want to try working with a cosigner. The firm also offers:

  • Low origination fees
  • Nominal late fees
  • A wide range of loan terms and values

Consider NetCredit when you want to get going in the right direction after a bankruptcy and you’re trying to build your credit, access some cash and regain some semblance of financial independence. This is a good place to look for funding if you don’t prefer traditional banks, and it might also help those who live off the beaten path and can’t drop into an office to learn more about a personal loan.


  • This platform is known for working with those who have experienced financial trauma in the past
  • Low fees can help you ensure that you’re not borrowing too much or saddling yourself with higher payments


  • This platform may take you outside of traditional banks, but you also can’t get the brick and mortar service that some expect

Best for Easy Online Application: Credible

  • Best For:
    Comparing lenders
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    See Terms*


    Credible Operations, Inc. NMLS# 1681276

    Credible. Not available in all states.

    320 Blackwell Street Suite200 Durham, NC 27701

    Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states. 

    All bonus payments are by gift card. See terms

    Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.

    Won’t impact your credit score DISCLOSURE: (May be in the footer, a tooltip, or a popup the user has to click on or scroll to see)

    Requesting prequalified rates on Credible is free and doesn’t affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.

    “We accept advertising compensation from companies that appear on this site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company lists on this page DO NOT imply endorsement. We do not feature all providers on the market.

    We receive compensation from the companies below if you click on a link or purchase a product. Amount of compensation may impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.

Credible is a great online lender whether you’re tech-savvy or not. If you're tech-savvy, you'll appreciate the site’s modern design. If you're a bit challenged in that department, Credible makes the loan application process simple.

Credible offers a great personal loan options from 6.40% to 35.99% APR. Its easily navigable website and app can guide you through flexible terms that range from 1 to 7 years. You can choose loan amounts anywhere from $600 to $100,000, a higher limit than many personal loans.

This flexibility combined with the ease and transparency that marks the loan application process gives Credible an edge in the online lending game.


  • The massive range of loan values serves a wide range of customers
  • The site is much easier to navigate than some of its competitors


  • Though you can borrow quite a lot of money, the interest rates on this platform can get very high, very fast

Best for Wide Range of Financial Services: SoFi

  • securely through SoFi Personal Loans's website
    securely through SoFi Personal Loans's website
    Best For:
    No origination fees
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    Fixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

    Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

    Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

SoFi is an online lender that offers unsecured personal loans and wants to rescue you from high-interest credit card debt. SoFi's personal loan options could help you save thousands, according to its website.

SoFi's low personal loan interest rates and fixed monthly payment means you can get loans to pay off credit cards, pay off high-interest debt or make a large purchase.

The application only takes minutes and you're not required to pay origination, late or prepayment fees. Terms are 2 to 7 years at a fixed rate of 5.99% to 18.82% APR. Loan amounts start at $5,000 and go up to $100,000.


  • You can borrow more money here than in most other places
  • The high end of the interest rates on this site is lower than the competition


  • SoFi has a rather extensive site and app that might be difficult for some users to navigate
  • 1-year loans are not available

Best Home Improvement Loans: Upgrade

Upgrade is a great place for Oregonians to get a fast approval as it markets your loan to its many partners. You can choose from a wide range of terms and values, but you will notice that the loans you’re offered could be quite diverse depending on how much the lender wants to charge.

Even though Upgrade doesn’t lend to you directly, it ensures that you have the best experience and find the funding you’ve been looking for. This is a good place to market your loan to as many lenders as possible, especially if you’ve had troubles with credit or simply don’t have the time to hunt down all the loans yourself.

Because you’re trying to take control of your finances, you can use the funds you borrow for any purpose, and you can work out repayment, refinancing and other issues with your lender. If you need additional support, however, you can always reach back out to Upgrade for help.


  • Faster approvals give you the confidence you need when you’re concerned about finding the cash you need
  • The platform has a track record of working with those who have little to no credit


  • This platform does not lend directly, which may be an issue for some users

Best for Comparing Lenders: LendingClub

LendingClub is a unique lending platform that allows you to check your eligibility without impacting your credit, complete the process entirely online and get funded in around 24 hours. You will see a range of loan offers that will help you choose the best program for the situation, and you can proceed with the loan as needed.

LendingClub also makes it clear that you may want to apply with a cosigner to improve your chances of being approved. With this type of customer support and information, it’s much easier to make the most of your finances, especially because you may not precisely how much you qualify for. This is an especially good choice for Oregonians who live in rural areas where they can’t simply drop into a bank or loan office and ask questions.


  • Because you can have a cosigner, this makes the loan process much easier, especially for students or those with little to no credit
  • Faster funding makes it easier for you to deal with emergencies or unexpected expenses in a timely fashion


  • Though you can connect with a wide range of lenders, there’s no way to know if your preferred lender will be included

Personal Loan Considerations

Explore personal loans to get a handle on blooming debt or to pay for a large expense over a structured time period. Make sure a loan offer makes sense for your unique financial situation  and make sure the rates and terms you qualify for are manageable. Educate yourself on potential fees and penalties so you don't face unexpected costs.

Personal Loans vs. Credit Cards

A credit card is an example of a revolving line of credit. A personal loan, on the other hand, stipulates that you’ll pay the loan down to $0 with structured monthly payments over a set period. 

A personal loan may offer lower interest rates than a credit card, saving you money over time if your credit is decent and you need a lump sum loan or want to consolidate debt. If you need a consistent line of credit or need more flexible repayment terms, a credit card is your best bet.

Get the Right Personal Loan for Your Needs

Look into a personal loan if you need cash quickly or want to consolidate debt. You can find a lender that will offer you a better rate than a credit card and can adhere to strict terms. Use this list to find one that matches your needs. 

Frequently Asked Questions


What happens if I can’t repay my personal loan on time?


Some creditors may offer relief if you face unexpected hardship. Generally, missing payments, defaulting or even paying off your loan too early may have negative consequences. These can include lowering your credit score or seizing your collateral if you chose a secured loan. Make sure the personal loan terms work for you before you accept.



Can a personal loan help my credit?


Yes. You can use a personal loan to consolidate your debt and lower your overall out-of-pocket costs if you choose a loan that offers a lower interest rate than your current credit line. You can also lower your debt-to-income (DTI) ratio by paying your personal loan on time, paying off your personal loan and not taking on more debt.


Can you use personal loans for investments?


You could use personal loans to invest in property or collectibles, but if you want to borrow to invest in stocks, ETFs, bonds, etc, you should consider opening a margin account with your broker.