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Personal loans in Albion, WA

For residents of Albion, a personal loan is a lump sum with a fixed repayment schedule, and its cost reflects your credit, income and debt-to-income picture. About 556 people live in Albion, which ranks 234th of 281 Census places in Washington. Lenders in Washington work under state rate caps and licensing rules, each listed with its publisher in the table below.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Albion at a glance

  • Population: roughly 556 people; 234th of 281 places in Washington (Census Vintage 2023 subcounty estimate).
  • 2020 Census base: 548 people (US Census Bureau, 2020 Census count).
  • 2020 to 2023 change: roughly 1.5% higher than at the 2020 Census (US Census Bureau).
  • Rank among Washington places: 234th of the state's 281 Census places (US Census Bureau).
  • Size percentile: ahead of around 17% of Washington places in population terms (US Census Bureau).
  • Coordinates: 46.7916 / -117.2512, per the US Census Bureau Gazetteer.
  • Nearest larger cities: Pullman, WA (6 mi); Colfax, WA (9 mi); Palouse, WA (12 mi); Moscow, ID (13 mi); Garfield, WA (16 mi); US Census Bureau population estimates.
  • Nearest smaller places: Colton, WA (17 mi); Uniontown, WA (19 mi); Onaway, ID (20 mi) (US Census Bureau estimates).

What a personal loan costs in Albion

Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.

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 Albion

Where a figure is not published by the state, the row points to the source instead of guessing.

RuleDetailSource
State lending regulatorWashington 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
Payday lending statusLicensed; 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 licensingConsumer 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

How to compare offers in Albion

The order below is a sensible way to approach a loan in Albion:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Washington using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Albion?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Albion are the same as elsewhere in Washington.
How much can I borrow with a personal loan in Albion?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Albion require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Albion hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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