Washington Installment Loans - Available in Spokane

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Borrow Up to $700 Today
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How the Installment Loan Process Works

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Application

Apply at one of our local Branches.

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Approval

Once your loan verification documents are received, approval takes minutes.

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Cash in Hand

You choose how to get your money: cash in hand or loaded onto your prepaid debit card.

Installment Loans are available from $50 - $700*

You can borrow any amount up to your loan limit. Your loan limit will be established based on:

  • Your income
  • The information you provide on your loan application
  • Your credit history with Moneytree
  • The information in your consumer report provided by a consumer reporting agency

Your loan limit may change if any of the above changes.

*Installment Loans are currently available in select Branches in Spokane.

Loans1 Range from $50 - $700

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 as an example:

70 Day Loan Term:

A $500 loan would cost $575 which includes finance charges of $75 and is based upon you agreeing to make 5 payments of $115 due every two weeks with an APR (Annual Percentage Rate) of 126.03%.*

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1Washington law does not permit lenders to lend to individuals who have taken out over eight (8) payday loans from a Washington-licensed payday lender during the prior 12-month period.

*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 than this example, depending on the actual amount you borrow and your actual repayment schedule.

Moneytree Washington Consumer Loan Comparison Chart

  PAYDAY LOAN SIGNATURE LOAN INSTALLMENT LOAN1
Loan Amount Up to $700 Up to $500 $50 - $700
Cost $15 per $100 up to $500 and $10 per $100 on amounts over $500 $15 per $100 up to $500 $15 per $100 up to $500 and $10 per $100 on amounts over $500
Terms Available Next payday Next payday Min 60 - Max 90
No. of Payments 1 1 1 per payday
Renewal or Refinance Option? No No No

1Installment Loans are currently available in select Branches in Spokane.

*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.

  • ID and social security number (or alien registration number or ITIN)
  • Physical address & contact phone number
  • Documents to verify the source and amount of your income
  • Open checking account information

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Secure

Moneytree is a direct lender and never sells your information.

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Licensed

We're licensed by the Washington State Department of Financial Institutions.

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Fast

Our Team will let you know in minutes how much you qualify to borrow.

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Service

Our Mission is to exceed your expectations. Visit a Branch today and learn more from one of our knowledgeable and friendly Tellers!

Questions about installment loans? Call our Customer Service Team at 1-800-745-1011.

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Due to limitations imposed by the Military Lending Act, Moneytree does not make loans to "covered borrowers," a term which includes active duty members of the military, their spouses and dependents. Learn More.

Washington FAQs

Moneytree establishes credit limits for first-time Washington loan Customers based on:

  • State Law - state statutory maximum credit limits
  • Loan Application - information from your loan application
  • Credit Reporting Agency - information about you received from a Consumer Reporting Agency

INCREASE

  1. Paying off consecutive loans before, on, or within 35 days of the original Maturity Dates of your loans,* subject to state limits on the amount Moneytree can lend.
  2. Increases in the amount of your income, subject to state limits on the amount Moneytree can lend.

DECREASE

  1. Paying later than 35 days from the original Maturity Date of your loan. The reason for your late payment does not matter and can occur due to:
    • Missed or Returned Payments - you've missed a payment or your payment has returned unpaid
    • Payment Plans - you've entered into a Payment Plan to pay your loan off over a longer period of time
    • Date Extensions - you and we have agreed to no-cost, courtesy date extension(s)
  2. A decrease in the amount of one or more of your sources of income.

*without either of the loans returning

Moneytree, Inc., is licensed by the Washington State Department of Financial Institutions. Licensing information is available upon request. Moneytree is registered with the federal government as a Money Services Business (MSB).

Payment due dates are based on your pay schedule with payments due on each payday (or next calendar day) throughout the term of the loan.

Online Payments

  • Online payments may be made at moneytreeinc.com/payments before 2:45 PM PT on the loan payment due date using your debit card.

Telephone Payments

  • Loans scheduled to be paid by ACH or post-dated check: Call Customer Service at 1-800-745-1011 before 2 PM PT on or before the payment due date to make a telephone payment using your debit card.
  • Loans scheduled to be paid in cash: Call Customer Service at 1-800-745-1011 before 11 PM PT on the payment due date to make a telephone payment using your debit card.

You can prepay your loan in full prior to the due date with no prepayment penalty.

Loan renewals are not available in Washington.

To verify or change your payment due date, please log in to your Moneytree online account. If you don’t have an online account, and wish to set one up, please call or visit any Moneytree Branch or contact our Customer Service Team at 1-800-745-1011.

Payment options vary depending on your loan agreement.

  • You may authorize ACH debit payments or set up post-dated check payments at loan origination.
  • Make your loan payment in cash, or using your debit card, before the deposit time on the due date in any Moneytree Branch.
  • Make your loan payment online using your debit card.
  • Make your loan payment over the phone using your debit card.

If you are unable to pay your loan when it is due, Moneytree offers a payment plan. You must request a payment plan before the deposit time on the day your loan is due. If the amount you owe is $400 or less, you can enter into a payment plan to repay in substantially equal payments over 90 days. If the amount you owe is more than $400, you can enter into a payment plan to repay in substantially equal payments over 180 days. There is no charge to enter into the payment plan. You will not be eligible to take out a payday loan, signature loan or installment loan from any Washington licensed lender until your payment plan is paid in full.

You can obtain additional details by contacting Customer Service at 1-800-745-1011 or by visiting a Branch.

If your check or ACH returns unpaid, you will be charged a one-time $25 fee. You can reach Moneytree's Payment Center at 1-888-516-6643 for more information.

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Online loans not available in all states. For the complete list of available loans, rates and terms, click the page for your state of residence:

California: A payday loan costs approximately $17.65 per $100 borrowed. For example, a $100 loan due in 14 days would have a total repayment amount of $117.65 and has an APR (Annual Percentage Rate) of 460.16%.* Moneytree, Inc. is licensed by the Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law to make consumer loans. Loans made or arranged pursuant to a California Financing Law license.

Colorado: 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 a 10% acquisition charge and a 98-day loan term as an example: A $500 loan would cost $595 which includes finance charges of $95, consisting of the acquisition charge and three installment account handling charges, and is based upon you agreeing to make seven payments of $85 due every two weeks, with an APR (Annual Percentage Rate) of 118.25%.*

Idaho: A payday loan costs $16.50 per $100 borrowed. For example, a $100 loan due in 14 days would have a total repayment of $116.50 and has an APR (Annual Percentage Rate) of 430.18%.*

Nevada: A payday loan costs $16.50 per $100 borrowed. For example, a $100 loan due in 14 days would have a total repayment of $116.50 and has an APR (Annual Percentage Rate) of 430.18%.*

Washington: A payday loan costs $15 per $100 borrowed up to $500, and $10 per $100 on the amount over $500. For example, a $100 loan due in 14 days would have a total repayment amount of $115 and has an APR (Annual Percentage Rate) of 391.07%.*

Customer Notices:
Payday Loans, High-Interest loans and Title Loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

To view our Privacy Policy, please visit our Privacy Policy page.

For Customer Service, please contact us at 1-800-745-1011.

*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.

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