Roy at a glance
- Population: the Census estimates 796 residents, ranking 214th of 281 places in Washington (Vintage 2023).
- 2020 Census base: 821 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 3.0% below the 2020 Census base (US Census Bureau).
- Rank among Washington places: 214th largest of 281 (US Census Bureau).
- Size percentile: roughly 24% of places in Washington rank below it by population (US Census Bureau).
- Coordinates: mapped at 46.9899, -122.5410 by the US Census Bureau Gazetteer.
- Nearest larger cities: Yelm, WA (6 mi); DuPont, WA (10 mi); Rainier, WA (10 mi); Lakewood, WA (12 mi); Steilacoom, WA (13 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Bucoda, WA (21 mi); South Prairie, WA (23 mi); Carbonado, WA (24 mi) (US Census Bureau estimates).
What a personal loan costs in Roy
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.
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.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Washington lending rules that apply in Roy
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Roy
These steps are the ones that most affect the offer you receive in Roy:
- 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.