MoneyGeek’s Pick for Best Personal Loan Lender in Oregon: LightStream

MoneyGeek evaluated more than 30 data points to come up with our top picks per borrower profile, which will guide you in identifying the best personal loan for you in Oregon. These factors include the lenders’ BBB ratings, interest rates, credit and income requirements, how much you can borrow, repayment terms as well as penalties and fees.

We also considered whether there are restrictions on using the funds, and whether you can apply online or must do so in person.

Best Overall Personal Loan Lender in Oregon: LightStream

  • LightStream

    • 4.49% to 20.49%APR Range
    • 660Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 24 to 84 monthsRepayment Terms
    • Same DayTime to Receive Funds


    on LightStream Website

Best Personal Loan Lender for Bad Credit in Oregon: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


    on Upstart Website

Best Personal Loan Lender for Good Credit in Oregon: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds


    on SoFi Website

Best Personal Loan Lender for Debt Consolidation in Oregon: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


    on Upgrade Website

Best Personal Loan Lender for Home Improvement in Oregon: Best Egg

  • Best Egg

    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Best Egg

    on Best Egg Website

How To Choose The Best Personal Loan Lender In Oregon For You

The average borrower in Oregon has a personal loan of $17,066 at an interest rate of 9.84%. Personal loans are popular because they don’t require collateral as security and can generally be used for a variety of purposes, including large purchases and debt consolidation.

Before applying for a personal loan, there are several factors to consider, such as your credit score and debt-to-income ratio. MoneyGeek’s guide has summarized the steps you need to take to find the best personal loans in Oregon.


Ask Yourself the Important Questions

Personal loans have increasingly become accessible largely due to fintech companies such as online lenders. But just because they are a popular form of consumer debt doesn’t mean that it is the right fit for everyone. Our advice is for you to examine your reason for getting a loan and check whether you can afford the monthly payments.

To ensure a personal loan is a perfect match for you and your needs, answer these few simple questions before applying.

  • How much funding do you need, and for what purpose? You need to make sure that your personal loan is useful for its purpose and affordable for your budget. A small loan amount might not be sufficient, but you could dig yourself into a financial hole with a large loan at a high interest rate.
  • Does your credit score meet the minimum requirement? One of the main requirements personal loan lenders have is a good credit score. If you’ve been plagued by bad credit history, consider getting a personal loan from lenders that cater to borrowers with poor credit, such as Upstart.
  • Can you afford the monthly payment? Make sure that your income can easily cover the monthly payments on your personal loan. You don’t want to stretch yourself too thin and risk missing payments or defaulting.
  • Do you have any outstanding debt, like credit card debts and mortgages? Examine your existing financial obligations vis-a-vis your income to check if you can still add another personal loan to the mix.

Do Your Research

Committing to a personal loan is a big step. It can take 2-4 years on average for you to pay it back. Although MoneyGeek has developed this guide to help you, our recommendations might not suit your unique needs and situation. Conduct your own research, shop around, compare and understand your options because you are in the best position to identify which lender and loan are right for you.



Once you have the information and narrowed your options, it’s time to take a breath. It can be very tempting to immediately sign up with a lender and get that big purchase. A little time to reflect on committing to years of monthly payments may change your mind about going forward.


Read the Fine Print

Once you’ve chosen your preferred lender, look at the details so you’re not blindsided by hidden charges. Double-check the fine print to see if there are any origination or administration fees, late fees or early payment penalties not mentioned upfront. These extra charges might seem small at first but can quickly snowball over the term of your loan.



Now that you’ve got your bases covered, it is time to prepare the required documents and submit your personal loan application. Typically, lenders will ask for identification, proof of income and address verification. You can usually apply online, although some lenders require that you call to apply. If you’re more comfortable with submitting your application personally, you may also choose to call or visit their office.

What to Do if You Can’t Get a Personal Loan in Oregon

Not all personal loans in Oregon get approved. Many would-be borrowers get denied for various reasons, such as having a bad credit history, insufficient income, high outstanding debt or even something as simple as an incomplete application form.

If your application is rejected, take heart. You can still reapply either with the same lending company or with one where you have better odds of getting approved.

But before you do that, it is important to learn why your application was denied. This will allow you to modify your application and will show you areas where you tend to have shortfalls. Call or email the lender to ask for a more in-depth discussion of the factors that influenced their decision. You might even be able to get accepted if you shorten the loan term or decrease the amount.

While you are actively searching for a personal loan, try not to be lured by alternative loans such as payday loans that exploit your financial need through their exorbitant interest rates.

Frequently Asked Questions About Personal Loans in Oregon

There are several personal loan lenders in Oregon, and the best one for you will depend on your personal needs and financial profile. MoneyGeek answered some of the most common questions to help you make an informed decision.

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We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are decided and chosen with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.