Short-term loans in Olympia, Washington | finder.com

Compare your loan options in Olympia, Washington

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Learn how Washington regulations affect payday loans in your city.

There are multiple lenders in Olympia that work with borrowers from all backgrounds. Before you borrow, compare your options and learn what types of laws impact your lenders so you can make a good financial decision.

Our top pick: CashNetUSA Loan

  • Turnaround Time: 1 business day
  • Loan Term: Varies by state
  • Requirements: You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Offers payday loans, installment loans and lines of credit.

Our top pick: CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

  • Turnaround Time: 1 business day
  • Loan Term: Varies by state
  • Requirements: You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
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Can I get a payday loan in Olympia, Washington?

Yes. Payday lenders in Olympia are required to abide by Washington Revised Code Ann. 31.45.010 et seq., which governs all lenders in the state. You can borrow up to $700 or 30% of your gross monthly income, whichever is less. Lenders can charge up to 15% in financing fees for the first $500 borrowed, then up to 10% for loans of $501 to $700.

Loan terms can be a bit confusing. The maximum term is 45 days — which is longer than in most states — but the minimum term will vary. This is because the Washington minimum loan term is one payday unless it falls within seven days of receiving the loan. If this is the case, the minimum loan term is two paydays from the loan’s start date. Read over your contract and check with your lender to be sure you know the exact terms of your loan.

Consider these lenders for a short-term loan in Olympia

Updated April 22nd, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$5,000
1 business day
Must have direct deposit and meet minimum income requirements
Installment loans with competitive rates from a top-rated direct lender.
$2,600
1 to 2 business days
Must have an active checking account, regular source of income and email address.
Installment loans with repayment terms up to 30 months, depending on your state.
$15,000
1 business day
You must be a US citizen or permanent resident, age 18+ and have a regular income.
Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
$10,000
As early as 1 business day
Must have a monthly income of $1,000+ after taxes and valid checking account.
An online connection service for quick cash loans.
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Apply for a short-term loan with an easy online application and dedicated customer service.
$250
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
Varies by state
1 business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.

Compare up to 4 providers

What do I need to apply?

Both online lenders and lenders that operate a storefront have the same minimum requirements. You must have a regular source of income, be a citizen or permanent resident of the US and be at least 18 years old. Other criteria, like minimum income, will vary between lenders.

When you apply, you’ll need to give the lender personal information about yourself. This may include:

  • Personal details like your name, date of birth and Social Security number
  • Contact details like your address, email and phone number
  • Employment details like your employer’s contact information and your monthly income
  • Bank account details like your routing number and account number

Where to find short-term loan locations in Olympia

Short-term loan locations near me in Olympia, WA

  • Checkmate. 719 Sleater Kinney Rd SE #161, Lacey, WA 98503
  • Check Into Cash. 720 Sleater Kinney Rd SE e, Lacey, WA 98503
  • Moneytree. 1420 Marvin Rd NE, Lacey, WA 98516
  • 8765 Tallon Ln NE k, Olympia, WA 98516
  • Cash America Pawn. 3652 Pacific Ave SE, Olympia, WA 98501

Must read: Be cautious of high costs

When you take out a short-term loan in Olympia, you’ll need to pay a financing fee based on the amount you borrow. It’s set at 15% for the first $500 and 10% for loans between $501 to $700.

This means that a loan of $400 will cost you $460, not including any database fees or additional charges the lender might state in the loan contract. And if you decide to take out a maximum loan of $700, you’ll pay $75 for the first $500 and $20 for the last $200, totaling $95 in fees.

It may not seem like a lot — especially if you agree to a longer loan term — but it can make it difficult for many people to repay. Before you commit to a loan, be sure you can afford it. If not, you may want to consider some short-term loan alternatives instead.

Bottom line

Payday loans are decently regulated throughout Washington, which means you’ll have plenty of choices when you’re looking for a lender in Olympia. However, they can still be a costly form of credit, so make sure you know Washington’s laws and learn more about short-term lending before you sign a loan contract.

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US Payday Loans Offers

Important Information*
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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