Personal loans in Springfield, OR
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Springfield, OR.
The median household in Springfield earns $68,761 a year, 17% below the Oregon median of $83,011. About 15% of residents live below the federal poverty line, and 45.0% of households rent their home.
Oregon law that applies in Springfield
| 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 Springfield
Here's what to have on hand before you start your personal loan request in Springfield:
- 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 Springfield
What Springfield borrowers use it for
cover a short gap before payday
Car repairskeep getting to work while the shop fixes it
Need money nowthe fastest options online
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a personal loan in Springfield
- 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 Springfield
10 FDIC-insured bank branches from 8 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| U.S. Bank National Association | 2 | 1620 Mohawk Blvd, Springfield 97477 |
| JPMorgan Chase Bank, National Association | 2 | 5703 Main St, Springfield 97478 |
| Wells Fargo Bank, National Association | 1 | 1600 Centennial Blvd, Springfield 97477 |
| KeyBank National Association | 1 | 1625 Mohawk Blvd, Springfield 97477 |
| Columbia Bank | 1 | 1011 Harlow Road Ste 101, Springfield 97477 |
| First Interstate Bank | 1 | 1008 Harlow Rd, Springfield 97477 |
| Banner Bank | 1 | 707 Main St, Springfield 97477 |
| Citizens Bank | 1 | 2355 Olympic St, Springfield 97477 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Springfield
11 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| Emerald Empire | 850 Beltline Rd, Springfield 97477 |
| Onpoint Community | 650 Q St, Springfield 97477 |
| Oregon Community | 1981 Mohawk Blvd, Springfield 97477 |
| Peak | 3660 Gateway St, Springfield 97477 |
| Selco Community | 925 Harlow Rd, Springfield 97477 |
| Pacific Cascade | 1190 Mohawk Blvd, Springfield 97477 |
| Gateway | 3030 Gateway Loop, Springfield 97477 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Lane County · Payday Loans in Springfield · Title Loans in Springfield
Frequently asked questions
Can I get a personal loan with bad credit in Springfield?
Possibly. Lenders in our network consider applicants with fair and bad credit across Oregon, including Springfield. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Springfield, 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 Springfield?
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 I apply for a personal loan with bad credit in Springfield?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Can I get an emergency loan with bad credit in Springfield?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Springfield residents can see if they qualify in about 3 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.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Springfield borrowers who qualify.
Can I get a personal loan in Springfield with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Springfield residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Do I need to visit a store in Springfield?
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.