Tonasket at a glance
- Population: about 1,110, 198th by size in Washington of 281 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,098 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: up roughly 1.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Washington places: 198th largest of 281 (US Census Bureau).
- Size percentile: about 30% of places in Washington are smaller (US Census Bureau).
- Coordinates: 48.7076, -119.4423 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Oroville, WA (17 mi); Omak, WA (20 mi); Okanogan, WA (24 mi); Brewster, WA (44 mi); Bridgeport, WA (50 mi) (US Census Bureau).
- Nearest smaller communities: Riverside, WA (14 mi); Conconully, WA (17 mi); Republic, WA (33 mi), each a US Census place.
What a personal loan costs in Tonasket
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Washington lending rules that apply in Tonasket
The Washington rate caps and licensing rules that reach Tonasket are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Tonasket
These steps are the ones that most affect the offer you receive in Tonasket:
- 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.