Personal loans in Redmond, WA
A personal loan in Redmond is priced from your credit file and income, not from the fact that the city holds 80,280 people. With 80,280 residents, Redmond outranks about 94% of the communities in Washington. Population in Redmond climbed about 9.6% over the three years from 2020 to 2023. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Redmond's 80,280 residents. If debt is already a strain, a nonprofit credit counsellor can help Redmond residents before they take on more. The nearest larger metro is Kirkland, WA about 4 miles away.
Local context for Redmond
Here is the sourced Census picture for Redmond, plus the Washington lending rules that apply to a loan taken out here.
- Population: a Census-estimated 80,280, 16th among Washington's 281 places (Vintage 2023).
- Population trend: Higher by roughly 9.6% since the 2020 count.
- Absolute change: 7,027 residents added between 2020 and 2023.
- Size percentile: about 94% of Washington communities are smaller than Redmond (80,280 residents).
- Population density: about 4,845 people per square mile across 16.6 square miles of land (Census Gazetteer area, Vintage 2023 population).
- By land area: Redmond ranks 28th among Washington's 281 places, at 16.6 sq mi.
- Water area: Redmond has 0.67 square miles of water, ranking 46th of 281 places in Washington.
- State population share: Redmond accounts for about 1.6% of everyone in Washington.
- National rank: Redmond is the 444th most populous of the 19,457 Census places covered here.
- Growth rank: Redmond ranks 27th among Washington's 281 places for the 2020-to-2023 change.
- Versus Washington: the state average change is +2.8%, while Redmond moved 9.6%.
- Density in Washington: Redmond ranks 8th by people per square mile.
- Density in context: Redmond's 4,845 people per square mile sit against a Washington median of 1,518.
- Location: 47.6779, -122.1153 (Census Gazetteer coordinates).
- Nearest larger cities: Kirkland (4 mi); Bellevue (6 mi); Seattle (12 mi); Renton (14 mi); Everett (20 mi). Online lenders reach Redmond no matter how far the nearest branch is.
- Smaller communities within reach: Yarrow Point (5 mi); Woodinville (6 mi); Clyde Hill (6 mi).
- Smaller places within 50 miles: 74 of them.
- Larger places within 100 miles: 10.
What shapes a Redmond personal loan
Most loans made to Redmond's 80,280 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Two numbers drive a Redmond loan: the APR, which includes fees, and the term, which decides how long you keep paying. Shortening the term on a Redmond loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Redmond against the rest of Washington
Within Washington, Redmond holds roughly 1.6% of all residents, the 16th-largest share among 281 places. For population change between 2020 and 2023, Redmond ranks 27th of 281 in Washington (about the 90th percentile). At about 4,845 people per square mile, Redmond is the 8th most densely settled place in Washington. The population moved by about 7,027 people between 2020 and 2023, a 9.6% shift.
Redmond on the map
Redmond's land area is about 16.6 square miles; a further 0.67 square miles is water. With 80,280 residents, the land area yields roughly 4,845 people per square mile. The largest place in Washington, Seattle, lies about 12 miles away. Redmond has 9 larger places within a 50-mile radius. By land area it ranks 28th of 281 Washington places.
Washington consumer-lending rules applied in Redmond
The rows below set out what a licensed lender must follow in Washington, and so for Redmond's roughly 80,280 residents.
| 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 |
Borrowing reach in Redmond
With about 4,845 residents per square mile, Redmond is fairly dense, and 9 larger Census places sit within 50 miles. Whether Redmond has a local branch or not, a Washington-licensed lender can serve its 80,280 people online on the same terms. The nearest bigger place is Kirkland, WA about 4 miles away.
Common questions
What are my options in Redmond if my credit is poor?
What loan size can I expect in Redmond?
Do I have to pledge anything to borrow in Redmond?
Does comparing loans in Redmond cost me credit score points?
Nearby places
- Woodinville, WA — population 13,718
- Bellevue, WA — population 151,574
- Kirkland, WA — population 91,194
- Yarrow Point, WA — population 1,105
- Clyde Hill, WA — population 3,077
- Sammamish, WA — population 65,116
- Hunts Point, WA — population 446
- Beaux Arts Village, WA — population 304