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Personal loans in College Place, WA

In College Place, a personal loan gives you a lump sum repaid over a set term, with the lender setting your APR from your credit, income and debts. Census data place College Place's population near 9,762, the 93rd-largest among Washington's 281 Census places. Washington sets the rate caps and licensing rules a lender must follow here, and the sourced table below lists them.

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

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College Place at a glance

  • Population: about 9,762 residents, ranking 93rd of 281 Census places in Washington (US Census Bureau, Vintage 2023 subcounty estimate).
  • 2020 Census base: 9,906 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: a decline of roughly 1.5% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Washington places: 93rd by size among 281 communities (US Census Bureau).
  • Size percentile: ahead of around 67% of Washington places in population terms (US Census Bureau).
  • Coordinates: 46.0418, -118.3924 (US Census Bureau Gazetteer).
  • Nearest larger cities: Walla Walla, WA (3 mi); Pendleton, OR (33 mi); Pasco, WA (38 mi); Kennewick, WA (39 mi); Hermiston, OR (45 mi) (Census populations, approximate straight-line distance).
  • Nearest smaller towns: Milton-Freewater, OR (7 mi); Weston, OR (16 mi); Athena, OR (16 mi) — US Census Bureau populations.

What a personal loan costs in College Place

Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.

The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.

The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.

Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.

Washington lending rules that apply in College Place

The table lists the Washington rules that apply to a loan made in College Place, each with the regulator that published it.

RuleDetailSource
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
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

How to compare offers in College Place

These steps are the ones that most affect the offer you receive in College Place:

  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 College Place?
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 College Place are the same as elsewhere in Washington.
How much can I borrow with a personal loan in College Place?
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 College Place 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 College Place 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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