Oregon pawn loan calculator
$15
maximum charge for the first month
- Total charges
- $15
- To get your item back
- $515
- Monthly rate
- 3.0%
Maximum allowed by state law. A pawn shop can charge less; your pawn ticket shows the real amount.
Pawn shops by city in Oregon
Oregon pawn loan rules
| Maximum charge | Interest up to 3% a month, plus a one-time setup fee of up to 10% (min $2, max $250) and storage of up to 7% per item (min $2, max $250). |
| Loan term | 60 days minimum. |
| Grace period | 30 days. |
| Renewals | Unlimited renewals for new 60-day periods. |
| Other fees | Firearm $5, background check $10, renewal $3. |
What a pawn loan costs in Oregon
| Loan | First month (max) | To redeem after 1 month |
|---|---|---|
| $100 | $3 | $103 |
| $250 | $7.50 | $257.50 |
| $500 | $15 | $515 |
| $1,000 | $30 | $1,030 |
| $2,000 | $60 | $2,060 |
These are ceilings. The charge on your pawn ticket can be lower, and the ticket must show it with the annual percentage rate. To see two or more months, change the months in the calculator above.
Licensed pawn shops
Oregon publishes its list of licensed pawnbrokers: Oregon Division of Financial Regulation pawnbroker licensee file. We matched each listed shop by street address: 17 of 22 appear on it and are marked state-licensed. A shop that is not marked may still be licensed under another address or name; check the official list.
Before you pawn in Oregon
- Bring a valid government-issued photo ID.
- Ask for the total to redeem on the due date and the last day of the grace period.
- Compare at least two shops: see pawn shops in Portland or Salem.
- Read how pawn loans work and what happens if you don't pay.
Questions
How much does a $500 pawn loan cost in Oregon?
At the legal maximum, $15 for the first month, so $515 to get the item back after one month. A $1,000 loan costs up to $30 for the first month. Shops can charge less.
How long does a pawn shop hold my item in Oregon?
Loan term: 60 days minimum. Grace period: 30 days.
How many pawn shops are listed in Oregon?
22 pawn shops in 3 cities: Portland, Salem, Eugene. 17 of them match the state's official list of licensed pawnbrokers.
Sources
- Oregon DFR Pawn loans; ORS Chapter 726: dfr.oregon.gov