What is the cost of a Washington installment loan?
Installment loans are available from $50 to $700¹ with approval.
An installment loan costs $15 for every $100 borrowed up to $500, and $10 per $100 on the amount over $500. The amount of payments will vary based on the loan amount, the number of payments and the length of the loan. Using a $500 loan with biweekly payments with a 70-day loan term as an example:
70 Day Loan Term: A $500 loan would have a total repayment of $575, which includes finance charges of $75 and is based upon you agreeing to make five payments of $115, due every two weeks, with an APR (Annual Percentage Rate) of 126.03%.*
¹Subject to qualifications and limitations.
*The Annual Percentage Rate (“APR”) is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.