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.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

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.

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.

RuleDetailSource
State lending regulatorOregon 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 statusLegal 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

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Madras if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Madras is the same as anywhere in Oregon.
What loan size can I expect in Madras?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Madras?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Madras cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

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