Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / WA
Personal loans, banking, insurance, and debt help in Washington
Washingtonians use personal loans to consolidate credit card debt, cover emergencies, finance home improvements, or manage major expenses, typically through unsecured loans priced on credit and income.
25lenders in the dataset
WAstate guide
$1,001/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Washington
Washingtonians use personal loans to consolidate credit card debt, cover emergencies, finance home improvements, or manage major expenses, typically through unsecured loans priced on credit and income.
Interest-rate law
Washington's Consumer Loan Act sets a flat 25% simple-interest cap for licensed lenders regardless of loan size, backed by a 2024 true-lender law (SB 6025) targeting bank-partnership rate evasion.
| Loan range | Rate | Statute |
|---|---|---|
| Any loan size | Flat 25% simple interest | Washington Consumer Loan Act |
Lender complaints: Washington Department of Financial Institutions
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
Happy Money
- Credit profile
- Good
- APR range
- 7.95% – 35.99%
- Loan amount
- $5,000 – $50,000
Good to excellent credit
KeyBank
- Credit profile
- Not specified
- APR range
- 8.99% – 22.99%
- Loan amount
- $2,000 – $100,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
US Bank
- Credit profile
- Not specified
- APR range
- 8.74% – 24.99%
- Loan amount
- $1,000 – $50,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Good to excellent credit
Zions Bank
- Credit profile
- Not specified
- APR range
- 11.26% – 27.97%
- Loan amount
- $2,500 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
03 / Debt consolidation
Debt consolidation
Washington's flat 25% cap applies regardless of loan size, so a debt consolidation loan priced anywhere near that ceiling isn't likely to save much over a typical credit card APR. Look for a rate meaningfully below 25% and compare multiple lenders.
04 / Banking and credit unions
Banking in Washington
National banks offer scale and broad networks, while Washington-based and regional banks compete on relationship banking and local lending decisions.
Banks listed
- ChaseNational bank.
- Bank of AmericaNational bank.
- Wells FargoNational bank.
- US BankNational bank, headquartered in Minneapolis, MN.
- KeyBankHeadquartered in Cleveland, OH.
- Banner BankHeadquartered in Walla Walla, WA.
- Columbia BankHeadquartered in Tacoma, WA.
- WaFd BankHeadquartered in Seattle, WA.
Credit unions
Credit unions are member-owned, not-for-profit institutions offering lower rates and fewer fees than banks, with membership tied to geography, employer, or affiliation.
Washington credit unions posted median membership growth of about 2.2% year over year (Q4 2025 NCUA data), alongside solid median loan growth (~1.1%).
Washington law explicitly allows a credit union to serve the entire state once it broadens beyond its founding sponsor. BECU, founded in 1935 by eighteen Boeing employees with a metal lunch box for a vault, broadened membership in 1968, reached statewide coverage by the early 2000s, and now holds roughly 31% of all Washington state-chartered credit union membership.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Legal and regulated under the Debt Adjusting chapter (RCW 18.28), with strict fee caps administered by the Department of Financial Institutions. Total fees are capped at 15% of the total debt listed on the contract, with the initial charge capped at $25. A front-page 12-point disclosure of the 15% cap is required for third-party account administrators, and a violation is automatically a Consumer Protection Act violation.
Companies listed in the dataset
06 / Insurance
Washington insurance
Regulator
Washington Office of the Insurance Commissioner
Insurance regulator websiteAuto insurance
25/50/10
Washington requires liability insurance with minimum limits of $25,000 per person and $50,000 per accident for bodily injury, plus $10,000 for property damage.
Homeowners and renters
$1,001/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $159/yr
Washington carries real exposure to wildfires in its drier eastern regions, along with severe windstorms and occasional flooding in the wetter western part of the state.
07 / Questions
Washington FAQs
How do I file a complaint against a lender in Washington?
Contact the Washington Department of Financial Institutions, which licenses and supervises consumer lenders operating in Washington.
How do I file a complaint against my insurance company in Washington?
File with the Washington Office of the Insurance Commissioner.
What's the maximum interest rate a lender can legally charge on a personal loan in Washington?
25% flat for a licensed lender under the Consumer Loan Act, with no tiering by loan size. A 2024 true-lender law (SB 6025) also codified a predominant-economic-interest test to prevent bank-partnership evasion of this cap.
Are payday loans legal in Washington, and are there caps on fees or loan amounts?
Yes, capped tightly. Payday loans are capped at $700 or 30% of gross monthly income, whichever is less, with a maximum 45-day term. Fees run 15% on the first $500 and 10% on $500-$700, roughly a 391% APR. Borrowers are limited to eight loans per 12-month period, rollovers aren't allowed, and 2010 reforms reduced storefront locations by more than 88% since 2006.
How long can a debt collector legally pursue an unpaid debt in Washington before the statute of limitations runs out?
Written contracts and accounts receivable have a 6-year statute of limitations (RCW 4.16.040). Oral contracts and open accounts have a 3-year window (RCW 4.16.080).
What's the difference between a debt consolidation loan and debt settlement for someone living in Washington?
A debt consolidation loan pays off debts in full with new borrowed money on a fixed schedule. Debt settlement negotiates reduced payoffs but damages credit. Washington caps debt settlement fees at 15% of total listed debt, a real consumer protection.
