Seattle payday loan rates are set by Washington’s Check Cashers and Sellers Act (RCW 31.45). Snap Loans Cash is free to use — we never charge you a fee. The costs below are the maximums a licensed Washington lender may charge; your actual rate and fees come from the lender and appear in your loan agreement before you accept.
Loan Rules in Washington: Rates & Terms at a Glance
| Item | Washington limit |
|---|---|
| Maximum loan amount | $700, or 30% of gross monthly income (whichever is less) |
| Maximum fees | 15% of the first $500 + 10% of any amount above $500 |
| Maximum term | 45 days |
| Cancellation | 1 day (24 hours) at no cost |
| Rollovers / annual limit | Rollovers prohibited; max 8 loans per 12 months (state database) |
| Installment plan | Available on balances up to $400 (RCW 31.45.084) |
APR example: the Washington DFI’s example is a 14-day $500 loan at maximum fees, roughly a 391% APR. Source: Washington DFI — Payday Loans; regulator: Washington DFI. Verified July 15, 2026.
Washington loan rules at a glance
| Rule | Washington limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | $700, or 30% of gross monthly income, whichever is less |
| Maximum term | 45 days maximum |
| Finance charge cap | 15% of the first $500 + 10% of any amount above $500 (DFI example: 14-day $500 loan ≈ 391% APR) |
| Rollovers | Rollovers prohibited; no more than 8 payday loans per 12 months (statewide database) |
| Cooling-off period | 1 day (24 hours) to cancel at no cost; statutory installment plan available on balances up to $400 (RCW 31.45.084) |
| Statute | Check Cashers and Sellers Act — RCW 31.45 (installment plan at RCW 31.45.084) |
Source: Washington State Department of Financial Institutions (DFI) · Rules verified July 15, 2026