Fast Online Payday Loan [ SEATTLE ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Seattle Washington USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Seattle, WA installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Seattle, WA, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
✅ 24/7 Online ✅ Safe & Secure
✅ Instant Decision ✅ OK with Bad Credit
✅ Payday loan up to $1,000 ✅ Personal loan up to $5,000
Cash Advance Near Me :: Seattle Washington Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| Moneytree | 10500 Greenwood Ave N, Seattle, WA 98133 | +1 206-782-2274 |
| Acme Finance Co | 10000 Aurora Ave N #312, Seattle, WA 98133 | +1 206-622-4400 |
| OneMain Financial | 10740 Meridian Ave N #105, Seattle, WA 98133 | +1 206-362-4566 |
| Money Mart | 12014 Lake City Way NE, Seattle, WA 98125 | +1 206-892-3800 |
| Moneytree | 1528 3rd Ave, Seattle, WA 98101 | +1 206-254-0202 |
| Express Credit Union | 1930 6th Ave S #104, Seattle, WA 98134 | +1 206-622-1850 |
About Small Payday Loans in Seattle Washington
Understanding Quick Payday Loans in Seattle, Washington
For Seattle residents facing an unexpected expense, a payday loan might seem like a quick fix. However, Washington State has some of the most consumer-friendly payday loan regulations in the country. Before considering this option, it is essential to understand the specific eligibility requirements and legal terms that govern these short-term loans.
Minimum Requirements for a Payday Loan in Seattle, WA
To qualify for a payday loan in Seattle, you must meet several basic criteria set by both state law and individual lenders. These requirements are designed to verify your identity, stability, and ability to repay. The core minimum requirements include:
- Age and Residency: You must be at least 18 years old and a legal resident of the United States. Lenders will require proof of your Washington state address, such as a utility bill or lease agreement.
- Proof of Income: You must have a verifiable and consistent source of income. This is the most critical requirement. Washington state law is broad in what it accepts as income, including employment wages, benefits (such as Social Security or disability), pensions, or other regular government assistance. You will need to provide recent pay stubs, bank statements, or award letters as proof.
- Active Bank Account: You must have an active checking account in your name. This account is used to receive the loan funds electronically and for the lender to withdraw the repayment on the due date.
- Government-Issued ID: A valid, non-expired government-issued photo identification, such as a Washington driver’s license or state ID card, is required.
- Contact Information: You must provide a working phone number and an email address.
Terms of Short-Term Loans in Seattle, Washington, USA
The terms of payday loans in Seattle are strictly defined and enforced by the Washington State Department of Financial Institutions (DFI). These rules are considered a model for consumer protection and include the following key provisions:
- Maximum Loan Amount: The amount you can borrow is the lesser of $700 or 30% of your gross monthly income. This ensures the loan amount is somewhat proportional to your ability to repay.
- Finance Charges: State law permits lenders to charge a maximum fee of 15% on the first $500 and 10% on the portion of the loan between $500.01 and $700. For a $500 loan, the maximum fee is $75, making the total repayment $575.
- Loan Term: The minimum loan term is not fixed, but the loan must be structured to be repaid without requiring more than ⅓ of your gross monthly income per payment. In practice, the term is typically short, aligning with your next pay date.
- The True Cost (APR): While a $75 fee on a $500 loan might seem straightforward, the Annual Percentage Rate (APR) reveals the true cost. This fee translates to an APR of 391% for a two-week loan, underscoring why this is an extremely expensive form of credit.
- Extended Payment Plan: This is a critical consumer right in Washington. If you cannot repay your loan on time, you are entitled to an extended payment plan at no extra cost. This allows you to pay back the loan in three equal monthly installments. You must request this plan before your payment due date.
- Borrowing Limits: Lenders must check a state database to ensure you do not have more than eight outstanding payday loans from all lenders in a 12-month period.
