The Best Loans in Washington 2022: Compare Loan Rates

Written by:  Financer.com
|
Last updated: July 25, 2022

Financer.com helps you compare online loan rates in Washington. Compare different loan options in Washington and read more about the payday loan laws in the state.

  • Compare lenders online
  • Find a loan in Washington
  • Compare loan rates and apply

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Compare Loans in Washington State for December 2023

Borrow $1,000 for a period of 6 Months.
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Amount: $1,000 | Period: 6 Months
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We found 19 loans

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recommended

Chosen 1,210 times

recommended

Chosen 1,210 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now

Customer Type

All

Borrow up to

$5,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

2 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 91,393 times

recommended

Chosen 91,393 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now
Most chosen

Customer Type

All

Borrow up to

$10,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

35 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

recommended

Chosen 31,940 times

recommended

Chosen 31,940 times

Loan amount

$1,000

APR:

5.99% - 35.99%

Total Payment

$1,017.57

for 6 months

Monthly payback

$169.60

for 6 months

Open right now

Customer Type

All

Borrow up to

$35,000

Estimated Payback

03/06/2024

Weekend Payout

Age

18

14 Reviews

Interest & Costs

Flexibility & Terms

Website & Functionality

Support & Service

Important

Please note that loan amounts, interest rates and other loan terms may vary according to your state and credit profile.

Show all 19 offers
$1,000
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How to Compare Loans in Washington

How to Compare Loans in Washington
1
Choose your loan amount
Choose the amount of money you want to borrow
2
Compare loan rates
Filter the results based on your needs and compare loan rates
3
Choose the best offer
Choose the best offer from leading lenders
4
Complete the application
Click Get Started and complete your application online

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Online Loans in Washington State

You can find multiple lenders offering online loans and payday loans in the state of Washington. Use the search tool above to compare online loan rates in Washington state before taking a loan!

payday loan can be described as a small short term loan often with a high interest suitable for quick need of cash. Online personal loans can be used for bigger purchases and they are often more flexible compared to payday loans.

As a borrower, you are expected to write a check for the advance amount, including a fee. The lender will hold this personal check for the loan period and then deposit it.

Compare the Best Loan Rates

Save more on your loan by comparing with us first.

The Advantages of Online Washington Loans

Online Personal Loans Are Convenient
Online Personal Loans Are Convenient
Get Funds As Soon As The Same Day
Get Funds As Soon As The Same Day
Apply Anywhere, Anytime
Apply Anywhere, Anytime
Less Paperwork Required
Less Paperwork Required

Your Rights as a Washington Resident When Taking a Loan

If you are doing business with an unlicensed lender and have repaid the debt, the lender may not pursue any action to collect the debt. You can always change your mind about the loan within one day.

For lenders licensed with the DFI the following rules apply:

  • A payday lender may not threaten to any criminal prosecution in case of defaulting payment
  • A Washington cash advance lender might not offer a new loan to pay off an existing payday loan
  • The full cost of the credit must be disclosed to the customer before signing an agreement

Washington Payday Loan Regulations

Legal StatusLegal
Interest Rate (APR)391%
Max. Loan Amount$700
Min. Loan TermNot specified
Max. Loan Term45 days
Number of Rollovers0
Statute of Limitations6 years
Finance ChargesMaximum of 15%
Updated July 22 2022

Quick Facts about Washington Payday Loans

  • You may only borrow a total of $700
  • You can only borrow 30% of your gross monthly income
  • Your loan request is limited to 8 payday loans per 12-month period
  • If you currently have an installment plan you cannot receive a payday loan
  • Lenders are legally prohibited from harassing you when collecting a loan
  • Maximum loan term is 45 days

Your information will be recorded in a statewide database so that all Washington payday loan lenders are updated.

If due to unavoidable circumstances you cannot repay your loan you may request Washington installment loan plan with no additional fees.

Get the Loan You Need

An online personal loan can help when you need cash for large purchases or unplanned expenses.
Holiday
Holiday
Wedding
Wedding
Home Renovations
Home Renovations
Bills
Bills
Shopping
Shopping
Education
Education

Who Licenses and Regulates Payday Lenders in Washington?

The Washington State Department of Financial Institutions is the legal body that licenses and regulates the payday loan industry.  The DFI also handles complaints against payday lenders operating in Washington.

Thus, it would be wise to ensure an internet payday lender is licensed by the DFI before doing business. Otherwise, you might have limited options when trying to file a complaint.

Why Compare Personal Loans at Financer.com

Completely Free Comparison
Completely Free Comparison
Instant Results Without a Credit Check
Instant Results Without a Credit Check
Read Genuine Customer Reviews
Read Genuine Customer Reviews
Find the Cheapest Payday Loans in Washington
Find the Cheapest Payday Loans in Washington
Compare Now

What Customers Say About Us

4.60 based on 322 reviews

from Reviews.io

Compare Washington Loans at Financer.com

Financer.com helps you compare the best personal loans in Washington and get the best loan rates from leading lenders.

We look for lenders that offer full transparency and have a long track record of successful lending and satisfied customers. We are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan in Washington and take the guesswork out of doing all the legwork yourself.

Loans in Washington - FAQs

Are payday loans in Washington state legal?
Yes, payday loans are legal in Washington state. However, the maximum payday loan amount should not exceed $700 or 30% of the gross monthly income.
How much can I borrow with a payday loan in WA?

You can borrow up to $700 with a payday loan in Washington.

Who regulates payday lenders in Washington?

The Washington State Department of Financial Institutions is the legal body that licenses and regulates the payday loan industry. 

What is the APR for payday loans in WA?

Payday loan APRs in Washington state can reach 391%.

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