Bainbridge Island at a glance
- Population: 24,254, the 46th-largest community in Washington out of 281 (US Census Bureau, Vintage 2023).
- 2020 Census base: 24,826 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a loss of about 2.3% since the 2020 count (US Census Bureau).
- Rank among Washington places: 46th of the state's 281 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 84% of Washington's Census places by population (US Census Bureau).
- Coordinates: 47.6425, -122.5078 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Seattle, WA (7 mi); Shoreline, WA (11 mi); Bremerton, WA (12 mi); Burien, WA (14 mi); Edmonds, WA (14 mi) (US Census Bureau populations).
- Nearest smaller towns: Port Orchard, WA (9 mi); Poulsbo, WA (9 mi); Woodway, WA (11 mi) — US Census Bureau populations.
What a personal loan costs in Bainbridge Island
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Washington lending rules that apply in Bainbridge Island
The table carries the Washington rate and licensing rules that apply to consumer loans made in Bainbridge Island.
| Rule | Detail | Source |
|---|---|---|
| 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 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 |
How to compare offers in Bainbridge Island
Before you commit to a personal loan in Bainbridge Island, work through these steps:
- 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.