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Compare your loan options in Olympia, Washington

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.

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

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
 Check Into Cash Installment Loans
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.

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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