Aberdeen at a glance
- Population: 17,014 (US Census Bureau, Vintage 2023 subcounty estimate), the 64th-largest of 281 places in Washington.
- 2020 Census base: 17,010 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: under a tenth of a percent either way (US Census Bureau Vintage 2023 estimate).
- Rank among Washington places: the 64th-largest of 281 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 77% of the places in Washington (US Census Bureau).
- Coordinates: 46.9752, -123.8114 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Tumwater, WA (42 mi); Centralia, WA (43 mi); Olympia, WA (43 mi); Lacey, WA (48 mi); University Place, WA (62 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Cosmopolis, WA (2 mi); Hoquiam, WA (5 mi); Montesano, WA (11 mi) (US Census Bureau estimates).
What a personal loan costs in Aberdeen
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Washington lending rules that apply in Aberdeen
Read the table as the compliance picture for a lender serving Aberdeen: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Licensed; small loans capped at $700 or 30% of monthly income, max 45 days, fees 15% on first $500 and 10% above (RCW 31.45) Source says: Payday lenders must be licensed by DFI — including online lenders that do business with Washington residents. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Loan Company license required (Consumer Loan Act, RCW 31.04.035) Source says: No person may engage in any activity subject to this chapter without first obtaining and maintaining a license in accordance with this chapter. | Washington State Legislature (RCW) as of 2026-09-16 |
| State lending regulator | Washington State Department of Financial Institutions (DFI) Source says: DFI licenses and regulates financial institutions and service providers in Washington. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum, or four points above the Federal Reserve bill rate, whichever is higher (RCW 19.52.020) Source says: any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum | Washington State Legislature (RCW) as of 2026-09-16 |
How to compare offers in Aberdeen
The steps below are worth completing first when you borrow in Aberdeen:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Washington using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.