Payday Loans in Portland – Check Out MoneyLion’s Safe Alternatives


Are you thinking of applying for a payday loan? 

Even though they are short term cash advances seem easy to obtain, payday loans are notorious for landing you in a cycle of debt. 

Even though payday loans are legal in Portland, Oregon, there are far better online payday advance options and loans that can actually help you improve your financial situation. 

Read on to find safe alternatives to payday loans in Portland. 

Getting A Cash Advance In Portland

Need extra cash today? Open your phone and download the MoneyLion app! Check out our safe and free cash advance option Instacash. 


Max Advance Amount: $250

APR: 0%

Credit Affects: None

Instacash is a short term loan from MoneyLion that allows you to get up to $250 with 0% interest. Compared with payday loans, Instacash can help you save money that you would spend on paying the interest on a payday loan. Instacash offers an easy-to-manage plan to pay back your money with absolutely no interest.

To get Instacash, all you need to do is link your primary bank account to the free MoneyLion app and tap the Instacash option. We’ll scan your account for deposit history and send your approval amount in seconds. It’s that easy!

Your funds will be deposited into your account in a few days or you can choose Turbo Delivery to get your funds in real time. 

Want to access the highest Instacash amounts? Sign up for a RoarMoney bank account and link your direct deposits. With RoarMoney you can also qualify to get paid up to 2 days early every payday and cashback on everyday purchases. 

How to Qualify for Instacash:

  • You must be 18 years of age or over
  • You must have access to steady income or deposits
  • Have a bank account that has been open and active for 60 days or more
  • Your bank account should have a positive balance

In-Person Lender

Max Payday Loan Amount: $50,000

APR: 154%

Credit Affects: payday lenders do not require your credit scores, but you risk harming your credit score if you do not make the payment on time.

The payday loans in Portland are short term loans with a minimum loan term of 31 days and a maximum loan term of 60 days. 

Payday loans in Portland have a whopping funding limit of $50,000 or up to 25% of an applicant’s monthly income. Additionally, lenders in Portland allow you two rollovers, which means that a person can apply again after the cooling period or 60 days after the full repayment of the previous loan.

Moreover, the maximum interest rate on a payday loan in Portland is 36% annually with a maximum annual percentage of 153.77%. To apply for a payday loan in Portland, you need a valid ID, an open checking account, an active phone number, and proof of steady income. 

In Portland, you can apply online as well as in-person. If you apply in-person, you can get the cash immediately, but for an online payday loan, funds transfer may take a few days. 

How to Qualify:

  • You are at least 18 years old
  • You have a regular source of income
  • You are a permanent resident or citizen of the U.S.
  • You have an active bank account
  • You have an active phone number and email address.

Your Instant Loan Options In Portland

If the cash advance limit of Instacash is not enough for the amount of money you need to borrow, MoneyLion’s instant loan services can help you.

Credit Builder Loan

Loan Amount: Up to $1,000

APR: As low as 5.99%

Credit Affects: In 60 days, you can improve your credit score by 60 points! 

MoneyLion’s Credit Builder Plus membership offers member installment loans that can increase your credit score. After each installment, MoneyLion reports your progress to the credit bureaus that increases your credit score. 

These credit builder loans are low-interest that don’t charge any hidden fees or interest charges so that you can quickly pay the amount back. They also do not require a hard credit check while deciding whether to issue you a loan or not. 

As compared to other loan lending institutions, MoneyLion’s Credit Builder loan can increase your credit score and offer you 0% APR Instacash advances in seconds. In addition to that, Credit Builder Loans provide a more manageable way of paying your loan back and raising your credit score.

To get credit builder loans from MoneyLion, all you need to do is become a MoneyLion Credit Builder Plus member, download the app, apply for a loan and create a plan to start paying back your monthly installments.

How to Qualify:

To obtain a Credit Builder Plus membership, you have to:

  • Have a Social Security number holder
  • Have a bank account with a prepaid or debit card
  • Be at least 18 years old
  • Be a citizen or permanent resident of the US

What’s included?

  • Loan of up to $1000 to be paid back over 12 months
  • Weekly monitoring and updates on your credit
  • A Credit Reserve Account that works like a savings account and earns interest
  • Credit score lifted by 60 points in 60 days
  • Additional benefits of Instacash

A Side-by-Side Comparison Of Cash Advance And Loan Options In Portland

No matter how strapped you are for cash, you’ll find the best payday loan alternatives with MoneyLion. 

InstacashCredit Builder LoanIn-Person Payday Loans
How Much Can You Borrow?$250$1,000$50,000
Fees & InterestFree
0% APR
Competitive APR
$19.99/month fee
Impacts Your Credit?NoHelps build your credit score Yes, your credit score can be harmed by late payments. Timely payments won’t improve your credit score.
AvailabilityOnline & MobileOnline & MobileOnline and Mobile
Wait TimeInstantly*InstantlyInstantly
Next StepsSign Up OnlineSign Up OnlineFill out an application form in person.

Loan Options Made Simple

Even though payday loans seem like the only option when you’re short on cash – you have other options! To save yourself from landing in huge debts and paying unnecessary fees, try MoneyLion’s Instacash and Credit Builder Plus. 

Gain access to all of the helpful tips and financial products offered by MoneyLion today. Download the app and make your money ROAR!

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Get cash fast, pay no interest

Enjoy Instacash advances up to $250. No credit check, no monthly fee, no interest. Just cash.

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