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Personal loans in Waterville, WA

A personal loan in Waterville is an unsecured installment loan for consolidation or a planned expense, and what it costs follows your credit, income and debts. The Census counts about 1,128 residents in Waterville, ranking it 196th among the 281 places in Washington. Washington law sets the rate ceilings and the licensing a lender must hold, and the table below lists each sourced figure.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Waterville at a glance

  • Population: 1,128 residents, the 196th-largest of 281 places in Washington (US Census Bureau, Vintage 2023).
  • 2020 Census base: 1,132 residents at the 2020 Census (US Census Bureau, 2020 count).
  • 2020 to 2023 change: about 0.4% lower than the 2020 Census base (US Census Bureau).
  • Rank among Washington places: 196th in population of 281 places (US Census Bureau).
  • Size percentile: about 30% of Washington's Census places are smaller (US Census Bureau).
  • Coordinates: mapped at 47.6480, -120.0707 by the US Census Bureau Gazetteer.
  • Nearest larger cities: Entiat, WA (7 mi); Chelan, WA (14 mi); East Wenatchee, WA (19 mi); Wenatchee, WA (19 mi); Rock Island, WA (19 mi); US Census Bureau population estimates.
  • Nearest smaller towns: Mansfield, WA (23 mi); Pateros, WA (29 mi); Coulee City, WA (36 mi) — US Census Bureau populations.

What a personal loan costs in Waterville

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

Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

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 Waterville

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

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 Waterville

The order below is a sensible way to approach a loan in Waterville:

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