Payday Loans in Washington

Payday Loans in Washington

Payday loans are engineered to help you find some space when life gets tight. Many Americans have found themselves living paycheck to paycheck, hot having the time or money for unwanted expenses. Securing a small loan to cover that bill will buy you time until the next paycheck comes in and you can get back on your feet!


Payday loans in Washington are safe and reliable. Securing a loan with a value of up to $700, you can cover any emergency flat without having to ask a family member or overdraft your bank account. If for some reason you aren’t able to repay your loan by the given date, you may even be able to request an installment plan with no additional fees. Don’t let life’s hidden fees overwhelm you, get a Washington payday loan now!


Available Loan Packages in Washington

Payday loans

Payday loans are the quickest loan to acquire of the three. Because of its speed, it is also the smallest loan you can get at a maximum of $700. Some lenders will even give you a loan without a hard credit check so if you have bad or no credit you have nothing to worry about.

Law Status Legal
MIN Loan Amount N/A
MAX Loan Amount $700
MIN Loan Term N/A
MAX Loan Term 45 Days
MAX APR 391%
Additional fees 15% on the first $500, 10% on the last $200
NSF fee Not greater than $7
Collateral or guarantor N/A
Number of simultaneous loans 0 if on an installment plan, 8 in one year
Cooling-off period N/A if not on an installment plan
Rollover 0
Extension, repayment plan 90-180 days with no fees 
Default penalties Maximum 15%
Credit score requirements  Not Required


Installment loans

Installment loans are a different type of loan that is repaid over two or more repayment periods. In Washington State, they are very similar to personal loans in both amounts borrowed and what that amount is based on. 


Law Status Legal
MIN Loan Amount $50
MAX Loan Amount $700
MIN Loan Term 60 days
MAX Loan Term 90 days
MIN APR 126%
Collateral or guarantor N/A
Credit score requirements Above 580


Personal loans

Personal loans are the largest loans of the three. Reaching a maximum of $50,000 in personal loans can give you a large line of funds for any big project or reconsolidation. While they have the lowest interest rates, they do have the longest minimum and maximum loan terms. 


Law Status Legal
MIN Loan Amount $1,000
MAX Loan Amount $50,000
MIN Loan Term 24 months
MAX Loan Term 144 months
MIN APR 5.75%
Collateral or guarantor N/A
Credit score requirements  580


Safe and Secure Payday Loans in Washington

There aren’t many ways to obtain a safe and secure payment quickly these days. If life surprises you with an unexpected expense, how would you cover it? You could ask for money from a relative or you could take a cash advance off your credit card. A better option yet is a safe and secure payday loan. The money is funded quickly without any hassle and you can repay it by the time you get your next paycheck! Payday loans in Washington are fast, reliable and an overall great way to cover your next unexpected expense!

5 Things To Know Before Getting Your WA Payday Loan

  1. Legality

Payday lending is legal in the state of Washington. You may acquire a loan of $700 or 30% of your gross monthly income, whichever amount is less. The maximum loan term is 45 days and the maximum APR is 391%. Finally, you may only get a maximum of 8 payday loans in Washington in a 12-month period.

  1. Alternatives of Payday Loans

When it comes to alternatives to payday loans, there are some options.

  • Some local nonprofits or charities will help you pay some of your more essential bills like lights or water so long as you have proof or a bill.
  • If you have medical debt, many hospitals will work with consolidators to try and reduce it into a smaller monthly payment.
  • There are also cash advance apps that have risen in popularity in recent years.

However, there really is no direct alternative to a payday loan. The speed and security you obtain when acquiring one are second to none, no charity will give you that much money that quickly!

  1. How It Works

How does someone get a payday loan in Washington, what does the process look like?

  1. First, you need to have the right documents and information
  • your social security number
  • your identification
  • an open checking account to receive the funds
  • a pay stub showing proof of income
  • and finally a physical address and phone number for contact.
  1. With all that documentation, you can find your lender either online or in person and fill out their application.
  2. Once you’re approved you can stop by in person for a check or wait for the cash to be deposited directly into your account. Simple and secure!
  1. Requirements

To obtain a payday loan in Washington, you must be at least 18 years of age and a current resident of the state of Washington. You must also have an active bank account, phone number and physical address in the state with a steady income to prove you can pay the loan back.

  1. An Example of a Loan Fee

A payday loan in Washington costs $15 per $100 borrowed up to $500 where it is then $10 per $100. If you borrowed $100 and paid it off two weeks later, you would pay a total of $115 for your loan. 


Can you get a payday loan in Washington State?

  • Yes, you can get a payday loan in Washington State so long as you meet the requirements as stated above.


How many payday loans can you have in Washington State?

  • You may have up to 8 separate payday loans within a 12 month period. 


What is the easiest payday loan app?

  • While there are many payday loan apps, the easiest one to use is Empower. Its simple and sleek design allows the user to navigate the app effortlessly. Getting your money couldn’t be smoother, just download the app and get started. With over 30,000 reviews on the Apple App Store, it’s not difficult to see why using Empower is so easy. 


How can I borrow money right now?

  • If you need money and you need to borrow it right now, you have options. You can head over to a local brick and mortar store with your proper identifications and documents to apply in person or you can do the same process online from the comfort of your own home! Some other options that aren’t payday lending could be a cash advance from a credit card, pawning off some items to a local pawn shop or even withdrawing from a retirement plan, if you have one.