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Personal loans in Union Gap, WA

A personal loan in Union Gap is repaid in equal monthly installments over a fixed term, with the rate set from your credit history, income and debts. Union Gap's Census population of roughly 6,439 makes it the 117th-largest of 281 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

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Union Gap at a glance

  • Population: 6,439 people, the 117th-largest place among Washington's 281 Census places (US Census Bureau, Vintage 2023).
  • 2020 Census base: 6,564 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
  • 2020 to 2023 change: a decline of roughly 1.9% between the 2020 count and the 2023 estimate (US Census Bureau).
  • Rank among Washington places: 117th of 281 by population (US Census Bureau, Vintage 2023).
  • Size percentile: about 58% of Washington's Census places are smaller (US Census Bureau).
  • Coordinates: 46.5544, -120.4921 (Census Gazetteer, US Census Bureau).
  • Nearest larger cities (within 120 miles): Yakima, WA (4 mi); Selah, WA (7 mi); Toppenish, WA (15 mi); Sunnyside, WA (28 mi); Ellensburg, WA (31 mi) (US Census Bureau populations).
  • Smaller places close by: Moxee, WA (5 mi); Wapato, WA (8 mi); Harrah, WA (11 mi) (US Census Bureau).

What a personal loan costs in Union Gap

The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.

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

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.

Washington lending rules that apply in Union Gap

The sourced rows below are the rules a licensed lender must follow when lending in Washington, and therefore in Union Gap.

RuleDetailSource
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
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

How to compare offers in Union Gap

Run through this list before signing anything in Union Gap:

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

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