Philomath at a glance
- Population: 5,714 — 74th in Oregon, which has 240 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 5,351 residents here (US Census Bureau).
- 2020 to 2023 change: about 6.8% growth over the 2020 Census base (US Census Bureau).
- Rank among Oregon places: 74th-largest of 240 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 69% of Oregon's places have fewer residents (US Census Bureau).
- Coordinates: it sits at 44.5420, -123.3595 in the US Census Bureau Gazetteer.
- Nearest larger cities: Corvallis, OR (4 mi); Albany, OR (14 mi); Lebanon, OR (22 mi); Monmouth, OR (22 mi); Independence, OR (23 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Adair Village, OR (11 mi); Tangent, OR (12 mi); Monroe, OR (16 mi), each a US Census place.
What a personal loan costs in Philomath
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Oregon lending rules that apply in Philomath
The sourced rows below are the rules a licensed lender must follow when lending in Oregon, and therefore in Philomath.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 9% per annum default legal rate where the parties have not agreed to a rate. Source says: "The rate of interest for the following transactions, if the parties have not otherwise agreed to a rate of interest, is nine percent per annum" (ORS 82.010(1)). | Oregon Legislative Assembly (Oregon Revised Statutes) as of 2026-09-16 |
| Payday lending status | Legal for licensed payday/title lenders; term 31-60 days; one-time 10% origination fee capped at $30; interest limited to 36%/yr; max APR 153.77%. Source says: "Interest rates are limited to 36 percent annually. The maximum APR (interest and fees) is 153.77 percent"; "A one-time 10 percent loan origination fee, up to a maximum of $30 for a new loan"; "The payday or title loan must be for at least 31 days and not longer than 60 days." | Oregon Division of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required to make consumer finance loans of $50,000 or less; license issued by the Director of the Department of Consumer and Business Services. Source says: "a consumer finance loan of $50,000 or less... unless the person first obtains a license under this chapter" (ORS 725.045). | Oregon Legislative Assembly (Oregon Revised Statutes) as of 2026-09-16 |
| State lending regulator | Oregon Division of Financial Regulation (Department of Consumer and Business Services) Source says: "Protecting Oregonians' access to fair products and services through education, regulation, and consumer assistance." | Oregon Division of Financial Regulation as of 2026-09-16 |
| Unlicensed lending consequence (state-specific rule) | Unlicensed consumer finance loans are void and uncollectible (principal, interest, fees). Source says: "the consumer finance loan is void... may not... collect, receive or retain principal, interest, a fee or a charge related to... the consumer finance loan" (ORS 725.045(1)(b)). | Oregon Legislative Assembly (Oregon Revised Statutes) as of 2026-09-16 |
How to compare offers in Philomath
The steps below are worth completing first when you borrow in Philomath:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Oregon using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.