Edmonds at a glance
- Population: 42,701 — 29th in Washington, which has 281 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 42,850 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 0.3% lower than the 2020 Census base (US Census Bureau).
- Rank among Washington places: 29th of the state's 281 Census places (US Census Bureau).
- Size percentile: larger than about 90% of the Census places in Washington (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 47.8136, -122.3533.
- Nearest larger cities (within 120 miles): Lynnwood, WA (3 mi); Shoreline, WA (4 mi); Bothell, WA (7 mi); Kirkland, WA (11 mi); Everett, WA (13 mi) (US Census Bureau populations).
- Nearest smaller places: Woodway, WA (2 mi); Mountlake Terrace, WA (3 mi); Brier, WA (4 mi) (US Census Bureau estimates).
What a personal loan costs in Edmonds
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Washington lending rules that apply in Edmonds
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Washington 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 status | Licensed; 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 licensing | Consumer 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 Edmonds
A few practical steps will make the process in Edmonds less costly:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Washington using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.