Personalloaned Compare rates

WA · city page

Personal loans in Tekoa, WA

Taking out a personal loan in Tekoa means a fixed monthly payment for a set term, and the APR you are quoted rests on your credit, income and debts. About 805 people live in Tekoa, which ranks 213th of 281 Census places in Washington. 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

Compare rates Run the numbers first

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Tekoa at a glance

  • Population: 805 people, the 213th-largest place among Washington's 281 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 814 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: roughly 1.1% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Washington places: 213th by size among 281 communities (US Census Bureau).
  • Size percentile: about 24% of places in Washington are smaller (US Census Bureau).
  • Coordinates: 47.2247, -117.0731 (US Census Bureau Gazetteer).
  • Nearest larger cities (within 120 miles): Plummer, ID (11 mi); Palouse, WA (22 mi); Colfax, WA (23 mi); St. Maries, ID (24 mi); Cheney, WA (30 mi) (US Census Bureau populations).
  • Smaller towns nearby: Latah, WA (6 mi); Tensed, ID (8 mi); Farmington, WA (9 mi) (US Census Bureau).

What a personal loan costs in Tekoa

Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.

Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.

Washington lending rules that apply in Tekoa

The table carries the Washington rate and licensing rules that apply to consumer loans made in Tekoa.

RuleDetailSource
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
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 Tekoa

Run through this list before signing anything in Tekoa:

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

Related