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Personal loans in Waverly, WA

A personal loan in Waverly is a fixed-term installment product, and the price a lender offers you is driven by your credit profile, income and existing debts. Waverly's Census population of roughly 120 makes it the 278th-largest of 281 places in Washington. The sourced table below shows the Washington rate caps and licensing requirements that reach every loan made here.

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

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Waverly at a glance

  • Population: 120 (US Census Bureau, Vintage 2023 subcounty estimate), the 278th-largest of 281 places in Washington.
  • 2020 Census base: 121 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: down about 0.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Washington places: 278th out of 281 Census places (US Census Bureau).
  • Size percentile: about 1% of places in Washington are smaller (US Census Bureau).
  • Coordinates: 47.3381 latitude, -117.2312 longitude (US Census Bureau Gazetteer).
  • Nearest larger cities (120-mile radius): Fairfield, WA (4 mi); Latah, WA (5 mi); Rockford, WA (9 mi); Spangle, WA (9 mi); Rosalia, WA (10 mi) (US Census Bureau).
  • Smaller places close by: Tensed, ID (19 mi); State Line, ID (27 mi); Huetter, ID (31 mi) (US Census Bureau).

What a personal loan costs in Waverly

Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.

Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.

Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.

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 Waverly

The table lists the Washington rules that apply to a loan made in Waverly, each with the regulator that published it.

RuleDetailSource
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
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

How to compare offers in Waverly

Run through this list before signing anything in Waverly:

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