Raymond at a glance
- Population: roughly 3,227 people; 139th of 281 places in Washington (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 3,084 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population rose about 4.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Washington places: 139th-largest of 281 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it exceeds roughly 51% of Washington's Census places by population (US Census Bureau).
- Coordinates: 46.6837, -123.7395 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Aberdeen, WA (20 mi); Hoquiam, WA (22 mi); Montesano, WA (24 mi); Elma, WA (27 mi); Ocean Shores, WA (27 mi) — straight-line distances, US Census Bureau populations.
- Smaller places close by: South Bend, WA (3 mi); Cosmopolis, WA (19 mi); Pe Ell, WA (22 mi) (US Census Bureau).
What a personal loan costs in Raymond
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.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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 Raymond
Read the table as the compliance picture for a lender serving Raymond: label, sourced figure, publisher and 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 Raymond
Before you commit to a personal loan in Raymond, 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.