Grand Coulee at a glance
- Population: about 958, 207th by size in Washington of 281 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 975 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 1.7% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Washington places: 207th of 281 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 26% of the places in Washington (US Census Bureau).
- Coordinates: 47.9391 latitude, -119.0021 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Coulee Dam, WA (2 mi); Bridgeport, WA (31 mi); Brewster, WA (37 mi); Okanogan, WA (40 mi); Omak, WA (41 mi); US Census Bureau population estimates.
- Smaller places nearby: Electric City, WA (3 mi); Elmer City, WA (5 mi); Nespelem, WA (16 mi), per US Census Bureau estimates.
What a personal loan costs in Grand Coulee
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Washington lending rules that apply in Grand Coulee
The Washington rate caps and licensing rules that reach Grand Coulee are listed below, each with its source and retrieval date.
| 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 Grand Coulee
The order below is a sensible way to approach a loan in Grand Coulee:
- 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.