Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

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
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.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day 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
Cleo
Not rated yet
Cleo
Up to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Albert
Not rated yet
Albert
Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
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.
loading

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.

Frequently asked questions

More guides on Finder

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site