Installment Loans in Washington
Washington state residents have two distinct installment loan tracks. Short-term small loans up to $700 are regulated under RCW 31.45 (Washington's payday lending law) with a 45-day maximum term and mandatory installment plan option after default. Larger personal installment loans up to $50,000 are licensed under the Washington Consumer Loan Act (CLA) and typically carry APRs under 60%. PrimeLendings connects Washington residents with DFI-licensed lenders for both categories.
How Installment Loans Work in Washington
Apply at primelendingsloans.com from any Washington address. Matching with DFI-licensed Washington installment lenders takes under 90 seconds. You see every loan cost upfront: APR, total interest, each payment amount, and the repayment schedule. Funds arrive as early as the next business day via ACH. Serving Seattle, Spokane, Tacoma, Vancouver, Bellevue, Everett, Renton, Yakima, and all Washington counties.
Eligibility Requirements in Washington
Washington installment loan eligibility: age 18+, Washington resident, verifiable income, active US bank account, valid ID. Washington DFI requires lenders to assess income and debt obligations. The state also caps borrowers at 8 short-term loans per 12-month period — installment loans have no such frequency cap.
- ✓Age 18+ and a Washington resident
- ✓Verifiable monthly income (employment, gig, benefits, or self-employment)
- ✓Active US checking account open 30+ days
- ✓Valid government-issued ID
- ✓Soft credit pull only at pre-qualification
- ✓All credit types considered — income is primary
Installment Loan Costs in Washington
Washington short-term installment loans: up to $700, fee capped at 15% of the first $500 and 10% of amounts $500–$700. Representative APR ~391%. Consumer installment loans (larger amounts): APR varies by lender and term, typically 15%–100%. Verify DFI licensing at dfi.wa.gov.
Installment Loans Across Washington
Washington installment loans serve King County (Seattle/Bellevue), Spokane County, Pierce County (Tacoma), Clark County (Vancouver), Snohomish County (Everett), and all 39 Washington counties. DFI maintains a public licensee database at dfi.wa.gov/consumers.
Top cities served: Seattle · Spokane · Tacoma · Vancouver · Bellevue · Everett · Renton · Yakima
Washington Installment Loan Regulations
Regulator: Washington State DFI
Governing Law: Washington Revised Code § 31.45 (Check Cashers and Sellers Act)
Recent Change: 2010: WA capped borrowers at 8 payday loans per year per borrower; the DFI database tracks all loans statewide to enforce this limit
Borrower Tip: Washington limits you to 8 payday loans per 12-month period statewide. After 8 loans you must use an installment payment plan. Track your loan count to avoid being cut off when you need funds most.
Regulator Helpline: 1-360-902-8703
Other Loan Options in Washington
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