Personal loans in Damascus, OR
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Damascus, OR.
The median household in Damascus earns $122,500 a year, 48% above the Oregon median of $83,011. About 3% of residents live below the federal poverty line, and 9.5% of households rent their home.
Oregon law that applies in Damascus
| Rate cap | The finance charge, as an APR, may not exceed the greater of 36% or 30 percentage points above the Federal Reserve discount window primary credit rate, set each January. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Consumer finance loans of $50,000 or less. |
Full rules with statute citations: Personal Loans in Oregon. Cities in Oregon cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Damascus
Here's what to have on hand before you start your personal loan request in Damascus:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Damascus
What Damascus borrowers use it for
deposits, trucks and first-week expenses
Car repairskeep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Need money nowthe fastest options online
Loans for your situation
How to get a personal loan in Damascus
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Damascus
1 FDIC-insured bank branches from 1 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| KeyBank National Association | 1 | 19830 Se Highway 212, Damascus 97089 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Clackamas County
33 credit-union locations from 16 credit unions.
| Credit union | Location |
|---|---|
| First Technology | 30200 Sw Boones Ferry Rd, Wilsonville 97070 |
| Embold | 15099 Se Mcloughlin Blvd, Milwaukie 97267 |
| Castparts Employees | 8120 Se Luther Rd, Portland 97206 |
| Cutting Edge | 4620 Se International Way Ste 105, Milwaukie 97222 |
| Onpoint Community | 2915 Se Oak Grove Blvd, Milwaukie 97267 |
| Hapo Community | 17884 Se Mcloughlin Blvd, Milwaukie 97267 |
| Rivermark Community | 15963 Se Happy Valley Town Center Dr, Happy Valley 97086 |
| Operating Engineers Local Union #3 | 805 E Berkeley St, Gladstone 97027 |
| Unitus Community | 9200 Se 82Nd Ave, Clackamas 97086 |
| Iq | 13220 Se 172Nd Ave Ste 168, Happy Valley 97086 |
| Marion And Polk Schools | 29990 Sw Town Center Loop W, Wilsonville 97070 |
| Ukrainian | 12893 Se 97Th Ave, Clackamas 97015 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Clackamas County · Payday Loans in Damascus · Title Loans in Damascus
Frequently asked questions
Can I get a personal loan with bad credit in Damascus?
Possibly. Lenders in our network consider applicants with fair and bad credit across Oregon, including Damascus. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Damascus, OR?
36% APR (or discount rate plus 30 points) on licensed loans up to $50,000.
How fast can I get a personal loan in Damascus?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
How do installment loans work in Damascus?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Damascus residents can see installment loan offers with our free 3-minute form.
How can I get an emergency loan in Damascus?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
How long does it take to get a personal loan in Damascus?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Damascus.
Where can I find a loan for bad credit in Damascus?
You can apply at local banks and lenders in Damascus, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Do I need to visit a store in Damascus?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.