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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

Name Product Filter Values Loan amount Turnaround time Requirements
EarnIn
Finder Score: 4.7 / 5: ★★★★★
EarnIn
Up to $750 per pay period, but only $100 per day
1 to 3 business days or instant for a fee
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest and no credit checks. Subject to EarnIn terms & conditions.
LendYou Short-term Loans
Finder Score: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
1 business day
$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.
Cleo
Finder Score: 4.1 / 5: ★★★★★
Cleo
Up to $250
3 to 4 days standard delivery, instant with delivery fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Sorbet
Not rated yet
Sorbet
Based on the amount of accrued PTO
2 to 5 days
18+ years of age, live in eligible state, have W2 job with salary of $30k+, have PTO days accrued
Tap your unused PTO for a cash advance so you can access that money early. Available in: CO, FL, IL, MA, NY, NJ, TX, VA, OR, AR, NE, TN, ME, CT, WV
Go to site
Dave ExtraCash
Finder Score: 4.2 / 5: ★★★★★
Dave ExtraCash
Up to $500
Up to 3 business days or instant for a fee
At least two direct deposit paychecks to your bank account from your employer, extra money in your bank account
Borrow up to $100 to avoid hefty overdraft fees.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
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.
Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.
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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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Written by

Aliyyah Camp

Aliyyah Camp is a SEO content strategist and former publisher at Finder, specializing in consumer and business lending. Her writing and analysis has been featured in CentSai, the Dough Roller and the Chicago Tribune. She holds a BA in communication from the University of Pennsylvania. See full profile

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