Personal loans in Madras, OR
A 2020-to-2023 comparison shows Madras up by about 3.7%. Madras is a small town of about 7,744 residents, and a personal loan taken out here is governed by Oregon statute.
The Census estimates 7,744 residents in Madras, which ranks it 66th of 240 places in Oregon. The closest larger city is Redmond, OR about 28 miles away. A lender that serves Madras operates under Oregon lending statutes and a Oregon supervisor. For a community of about 7,744, the practical step is to compare APR across at least three lenders before committing.
Where Madras stands
Read the local figures below as context; read the sourced Oregon table as the rulebook a lender here must follow.
- Population: the Census counts 7,744 residents in Madras (Vintage 2023 subcounty estimate), the 66th-largest figure among Oregon's 240 places.
- Population trend: A rise of about 3.7% from 2020 to 2023.
- Net change: roughly 276 more people than the 2020 Census counted.
- Size percentile: roughly 72% of Oregon's places have fewer residents than Madras's 7,744.
- Population density: 949 people per square mile on 8.2 square miles of land.
- Land area rank: Madras's 8.2 square miles rank 28th of 240 places in Oregon.
- State share: roughly 0.3% of Oregon's residents live in Madras (7,744 people).
- Nationally: Madras is the 3,751st-largest of 19,457 Census places in the dataset.
- Growth rank: Madras ranks 34th among Oregon's 240 places for the 2020-to-2023 change.
- State comparison: Oregon's places average +0.7% for 2020-to-2023, against Madras's 3.7%.
- Density rank: Madras places 173rd among Oregon's places by people per square mile.
- Density in context: Madras's 949 people per square mile sit against a Oregon median of 1,575.
- Location: it lies at 44.6639, -121.1604 in the Census Gazetteer.
- Nearest larger cities: Redmond (28 mi); Prineville (29 mi); Bend (43 mi); The Dalles (65 mi); Sandy (74 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Smaller communities within reach: Metolius (5 mi); Culver (10 mi); Antelope (27 mi).
- Smaller neighbours: 9 places smaller than Madras sit within 50 miles.
- Larger places within 100 miles: 36.
Madras against the rest of Oregon
Within Oregon, Madras holds roughly 0.3% of all residents, the 66th-largest share among 240 places. Its 2020-to-2023 change ranks 34th of 240 Oregon places, putting it near the 86th percentile for growth. Its roughly 949 residents per square mile place it 173rd among Oregon's places. Within 50 miles sit 9 smaller Census places, alongside the 3 that are larger.
Where Madras sits
Madras covers about 8.2 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 949 people per square mile. Portland, the largest place in Oregon, is about 94 miles from Madras. Madras has 3 larger places within a 50-mile radius. By land area it ranks 28th of 240 Oregon places.
How personal loans work in Madras
A Madras personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 7,744 residents. A lender serving Madras's 7,744 residents must disclose the APR and finance charge in writing before you sign. The term you choose in Madras decides the split between a comfortable payment and the total interest you pay.
Getting a loan in Madras
At roughly 949 people per square mile, Madras is moderately settled; 3 larger places lie within 50 miles. Distance to a branch rarely matters for Madras's 7,744 residents: the application is online and the price follows your credit file. The nearest bigger place is Redmond, OR about 28 miles away.
The Oregon lending rules that reach Madras
Read the table as a lender's compliance picture for Madras: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Oregon Division of Financial Regulation (Department of Consumer and Business Services) Source says: "Protecting Oregonians' access to fair products and services through education, regulation, and consumer assistance." | Oregon Division of Financial Regulation as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 9% per annum default legal rate where the parties have not agreed to a rate. Source says: "The rate of interest for the following transactions, if the parties have not otherwise agreed to a rate of interest, is nine percent per annum" (ORS 82.010(1)). | Oregon Legislative Assembly (Oregon Revised Statutes) as of 2026-09-16 |
| Payday lending status | Legal for licensed payday/title lenders; term 31-60 days; one-time 10% origination fee capped at $30; interest limited to 36%/yr; max APR 153.77%. Source says: "Interest rates are limited to 36 percent annually. The maximum APR (interest and fees) is 153.77 percent"; "A one-time 10 percent loan origination fee, up to a maximum of $30 for a new loan"; "The payday or title loan must be for at least 31 days and not longer than 60 days." | Oregon Division of Financial Regulation as of 2026-09-16 |
Common questions
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Nearby places
- Metolius, OR — population 1,022
- Culver, OR — population 1,670
- Redmond, OR — population 37,009
- Prineville, OR — population 11,745
- Antelope, OR — population 39
- Maupin, OR — population 418
- Shaniko, OR — population 31
- Sisters, OR — population 2,979