Snohomish at a glance
- Population: 10,243 residents, the 91st-largest of 281 places in Washington (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 10,130 residents here (US Census Bureau).
- 2020 to 2023 change: up roughly 1.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Washington places: 91st out of 281 Census places (US Census Bureau).
- Size percentile: roughly 68% of Washington's places have fewer residents (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 47.9289, -122.0927.
- Nearest larger cities: Lake Stevens, WA (5 mi); Everett, WA (5 mi); Monroe, WA (7 mi); Mill Creek, WA (7 mi); Mukilteo, WA (10 mi), each a US Census place with its estimated population.
- Nearest smaller places: Granite Falls, WA (12 mi); Brier, WA (13 mi); Sultan, WA (14 mi) (US Census Bureau estimates).
What a personal loan costs in Snohomish
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Snohomish
The Washington rate caps and licensing rules that reach Snohomish are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Snohomish
Before you commit to a personal loan in Snohomish, 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.