Washington Payday Loans Rates and Terms
The loan agreement is governed by the applicable laws of the
state of Washington.
Maximum Loan Amount
Residents may receive up to $500 per Washington law.
Loan Terms
Generally, your loan will be due on your next payday.
Extensions/Rollovers/Refinance
In accordance with Washington law, your loan must be paid in full by the due date.
You are eligible to re-loan at any time once the loan is paid in full.
Rate and Term Chart
ADVANCE AMOUNT
(Amount Financed)
|
FINANCE CHARGE
(Cost of Loan)
|
CHECK AMOUNT
(Total of Payments)
|
APR **
|
LOAN TERM
(14 days)
|
LOAN TERM
(30 days)
|
|
$100.00
|
$15.00
|
$115.00
|
391.07%
|
182.50%
|
|
$200.00
|
$30.00
|
$230.00
|
391.07%
|
182.50%
|
|
$300.00
|
$45.00
|
$345.00
|
391.07%
|
182.50%
|
|
$500.00
|
$75.00
|
$575.00
|
391.07%
|
182.50%
|
** ANNUAL PERCENTAGE RATE: The APR
is the cost of your loan expressed as a yearly rate. The above
APRs are based on example loan terms of one payment ("Check Amount")
due in 14 or 30 days. The APR will increase if the actual
loan term is shorter than these examples, and will decrease if your loan term is
longer.
Your right to a payment plan.
If this is your fourth (or greater) successive loan, and if you are not in default,
you may convert your loan to a payment plan with us. "Successive loans" means loans
made to you by us with no more than three business days between the repayment in
full of one loan and the beginning date of the next loan.
A payment plan will allow you, by paying a one time fee equal to
the finance charge on your loan, to pay all that you owe in at least three payments
over a period of at least sixty days.
Your right to rescind (cancel) this loan. You have the right to rescind (cancel)
this loan by returning the amount of the loan in cash, or returning
the check given to you by us to our office by the close of business on our next
business day following the date of this loan. We may not charge you for canceling
the loan and we will return to you any postdated check or electronic equivalent
you have given to us.