Granite Falls at a glance
- Population: 4,829 residents, the 125th-largest of 281 places in Washington (US Census Bureau, Vintage 2023).
- 2020 Census base: 4,445 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 8.6% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Washington places: 125th largest of 281 (US Census Bureau).
- Size percentile: about 56% of places in Washington are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 48.0896, -121.9692.
- Nearest larger cities: Lake Stevens, WA (8 mi); Marysville, WA (9 mi); Arlington, WA (10 mi); Snohomish, WA (12 mi); Everett, WA (13 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Darrington, WA (20 mi); Langley, WA (21 mi); Gold Bar, WA (21 mi), per US Census Bureau estimates.
What a personal loan costs in Granite Falls
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.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Washington lending rules that apply in Granite Falls
The Washington rate caps and licensing rules that reach Granite Falls are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Granite Falls
Run through this list before signing anything in Granite Falls:
- 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.