Carnation at a glance
- Population: 2,176 residents, the 161st-largest of 281 places in Washington (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,155 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 1.0% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Washington places: 161st of the state's 281 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 43% of Washington's Census places by population (US Census Bureau).
- Coordinates: 47.6442 latitude, -121.9007 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Snoqualmie, WA (7 mi); Duvall, WA (7 mi); Sammamish, WA (7 mi); Issaquah, WA (10 mi); Redmond, WA (10 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Beaux Arts Village, WA (15 mi); Yarrow Point, WA (15 mi); Hunts Point, WA (15 mi), per US Census Bureau estimates.
What a personal loan costs in Carnation
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Washington lending rules that apply in Carnation
The sourced rows below are the rules a licensed lender must follow when lending in Washington, and therefore in Carnation.
| 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 Carnation
These steps are the ones that most affect the offer you receive in Carnation:
- 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.