State guidelines govern just how much Washington payday loan providers may charge as costs over the course of the loan term that is entire. The next should provide you with concept of simply how much your loan could cost:
- Apr (APR): the most APR for a 14-day $100 loan is 390%
- Financing charges: 15% associated with the first $500, 10% for almost any quantity between $501 to $700
- Collection charges: A one-time $25 non-sufficient funds (NSF) fee and feasible collection expenses