Washington State
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Rates and Terms for Washington
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Example APR and Fee Schedule |
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The Annual Percentage Rate (“APR”) will vary depending on the length of your loan (see table below). The table below shows the Annual Percentage Rate (“APR”) for loan amounts ranging from $100 to $700 and loan terms ranging from 7 to 31 days in length.
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Terms of the loan may vary. See your loan agreement for disclosure terms, APR and length of loan terms. |
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Additional Information
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By Washington regulations, all Washington customers must provide proof of gross monthly income. A customer may provide proof of gross monthly income with the following:
Your Right to an Installment Plan – A borrower has the right to convert a small loan into an installment plan. The borrower must make the request before the close of business day before the small loan’s due date.
Your Right to Rescind (cancel) this loan – A borrower may rescind a small loan no later than the end of the business day immediately following the day on which the small loan was made. To rescind a small loan, a borrower must inform the lender that the borrower wants to rescind the small loan, and the borrower must return the cash amount of the principal of the small loan to the lender.
Payday Lending – Borrowers Rights and Responsibilities
Payday Lending – Borrowers Rights and Responsibilities (En Español) |
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Loan License and Registration: |
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If you have questions about your rights and responsibilities when taking out a payday loan, contact the Department of Financial Institution at 1 800-RINGDFI (1 877 746-4334) or (360 902-8700) or 150 Israel Road S.W., Tumwater, Washington, 98501.
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