Hoquiam at a glance
- Population: 8,789 — 97th in Washington, which has 281 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 8,774 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 0.2% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Washington places: 97th-largest of 281 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 65% of Washington's Census places are smaller (US Census Bureau).
- Coordinates: latitude 46.9772, longitude -123.9097 (US Census Bureau Gazetteer).
- Nearest larger cities: Aberdeen, WA (5 mi); Shelton, WA (41 mi); Tumwater, WA (47 mi); Centralia, WA (48 mi); Olympia, WA (48 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Cosmopolis, WA (7 mi); Ocean Shores, WA (11 mi); Westport, WA (12 mi) — US Census Bureau populations.
What a personal loan costs in Hoquiam
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Hoquiam
The Washington rate caps and licensing rules that reach Hoquiam are listed below, each with its source and retrieval date.
| 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 Hoquiam
The order below is a sensible way to approach a loan in Hoquiam:
- 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.