- Payday loans in Corvallis follow Oregon law (ORS chapter 725A).
- Borrowing $300 at the state maximum costs About $39 on a 31-day loan ($30 origination fee plus 36% interest).
- 2 credit unions are headquartered in Corvallis; ask about small-dollar loans before borrowing.
Corvallis at a glance
| Corvallis | |
|---|---|
| Population (2024 Census estimate) | 61,993 |
| Change since 2020 | +6.3% (growing fast) |
| County | Benton County |
| Size rank among 211 Oregon places we cover | 9th |
| Share of Oregon’s population | 1.5% |
| Nearest larger city | Salem (about 27 miles) |
| Credit unions headquartered in town (NCUA) | 2 |
| Credit unions headquartered in Benton County | 2 |
| Other towns within 25 miles | 17 (about 141,477 residents) |
| Typical payday APR statewide (CRL 2023) | 140% |
There is no separate Corvallis payday law: Oregon rules apply here, and any lender serving Corvallis residents, online or in person, needs a license from the Oregon Division of Financial Regulation.
Credit unions in Corvallis
These credit unions have their main office in Corvallis, according to NCUA call report data (June 2026):
- Benton County Schools Credit Union (state charter)
- Oregon State Credit Union (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
Payday loan rules that apply in Corvallis
In short, Oregon rules that cover Corvallis include: minimum term: 31 days; interest: 36% a year; origination fee: $10 per $100, up to $30 on a new loan. See the full Oregon payday loan rules.
What a $300 loan costs in Corvallis
The Center for Responsible Lending put the typical APR on a $400 payday loan in Oregon at 140% (June 2023). For $300 at the state maximum, expect About $39 on a 31-day loan ($30 origination fee plus 36% interest). Check any offer with our payday loan calculator.
Other help in Benton County before you borrow
Before a payday loan, Corvallis residents can usually find something cheaper:
- Local assistance through 211 covering Benton County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Corvallis
The nearest larger city is Salem, about 27 miles away. See all 211 Oregon cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Corvallis?
Yes. Payday loans are legal in Corvallis under Oregon state law, and lenders must be licensed by the Oregon Division of Financial Regulation.
How much does a payday loan cost in Corvallis?
At Oregon’s maximum fee, borrowing $300 costs About $39 on a 31-day loan ($30 origination fee plus 36% interest). The typical statewide APR was 140% in 2023.
Are there credit unions in Corvallis?
Yes. NCUA data lists 2 credit unions with a main office in Corvallis, including Benton County Schools Credit Union and Oregon State Credit Union.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Oregon DFR — Payday loans
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary