Personal Loans & Lines of Credit

 
What can a personal loan* unlock for you?

Whether it’s a term loan or a line of credit, a personal loan can provide funds to take care of unexpected expenses, help make big purchases, and more. These loans provide the flexibility to meet your needs.

Apply today and our bankers will work with you to go over your options and determine what’s right for you. 
 
 













Borrowing options that fit your needs.

Choose based on how you plan to use the funds and how you prefer to repay them.

Ongoing access to funds.

A personal line of credit allows you to borrow as needed, up to an approved credit limit, rather than receiving the full amount at once.

Predictable repayment.

A personal term loan provides funds in one disbursement with scheduled monthly payments over a defined repayment term.

Local banker guidance.

Our bankers can help you review available options and understand the application process.




























See how a personal line of credit
compares with a term loan.

Compare how each option provides funds, structures repayment, and fits different borrowing needs.
 
  Personal Line of Credit Personal Term Loan
Best suited for
 Ongoing or unexpected expenses. Planned, one-time expenses.
How funds are received Access funds as needed, up to the approved credit limit. Receive funds upfront in one disbursement.
Monthly payments Monthly payments vary based on the borrowed amount, interest rate, and applicable terms. Predictable monthly payments over a set repayment period.
Future access to funds Repaid funds may become available again during the draw period. Additional funds are not available after disbursement.
Rate structure Variable interest rate that may change over time. Fixed interest rate. Principal and interest will not change over time.

What could you use the funds for?

Personal lines of credit and term loans may be used for a variety of planned and unexpected expenses.





Simple blue stethoscope icon
Medical expenses.
a piggy bank with a coin
Emergency expenses.
wallet with card sticking out
Large purchases.
stack of coins
Debt consolidation.
palm tree
Travel expenses.
image of house
Home improvement projects.

What to expect when you're ready to apply.

You can apply online, visit a Washington Trust Bank location, or call 800.788.4578 to speak with a banker.
 
Depending on the loan type and your application, you may be asked to provide:
 
  • A valid government-issued ID.
  • Contact information.
  • Social security number or Tax ID.
  • Income and employment information.
  • Details about the amount you want to borrow.

Personal lending with local support.

We know banking and your neighborhood. As the oldest and largest privately held commercial bank in the Northwest, we pride ourselves on our local teams who are ready to serve their communities.

Our bankers know that your needs are unique. Whatever your situation, we have the wisdom, talent, and knowledge to find the right personal loan for you.

  • Automatic payment options.
  • Competitive rates.
  • Flexible payment terms.
  • Online access to your account.
  • Local decision making.
a calculator with a coin above it.
 

Estimate your monthly payment.

See how the loan amount, annual percentage rate (APR), repayment period, and payment options may affect your estimated payment.
 
Results are estimates only and may not reflect actual rates, terms, fees, or approval.


Right in your neighborhood

Connect with your local banking team.

With over 40 locations throughout Washington, Idaho, and Oregon, there’s a Washington Trust location near you with a team of bankers ready to serve.

Apply for a Personal Loan Find a location near you

Thinking about applying for a personal loan or line of credit?

Find answers about how personal lines of credit and term loans work, how payments are determined, and what to expect during the application process.



Applying for a personal line of credit or term loan is easy. You can apply online, visit a Washington Trust Bank location, or call 800.788.4578 to speak with a banker.
The amount of time it takes to complete an application may vary depending on several factors. In general, though, applications can be completed in under 15 minutes. 
Several factors are considered when it comes to applying for a personal loan. Some notable considerations include your:

  • Credit score and credit history. 
  • Income and employment. 
  • Loan amount.
  • Existing debt and payment history.
In short, banks want to make sure that a customer they’re lending borrowed money to will be able to pay them back. The stronger a customer’s credit score, income stability, and financial health, the more likely they are to be approved. 
A monthly payment is determined by how much you’re borrowing, the interest rate, and the repayment period. Generally speaking, a higher interest rate will result in a higher monthly payment. Meanwhile, a loan with a longer repayment term may have smaller monthly payments compared with the same loan amount over a shorter term, but it may result in more interest paid over the life of the loan.
  
Get a sense of what a potential personal loan payment looks like by using one of our financial calculators.
The availability of funds depends on several factors. These include the loan type, the loan amount, income sources, and more. Funds could become available in a matter of days or weeks depending on the circumstances. 
The personal loan amount you can afford depends on your budget, income, existing debt, interest rate, and repayment term. Before applying, consider using our financial calculators to estimate potential monthly payments and see how different loan amounts or terms may fit your financial goals.














Explore other
financing options.

Looking for financing tied to a vehicle, home, or recreational purchase? Explore additional borrowing options below.

Personal Credit Cards


Compare personal credit cards with flexible features, benefits, and rewards.

 

Personal Credit Cards

Home Equity Financing


Use the equity in your home for larger expenses, projects, or other financial needs.

 

View Options

Auto
Loans


Finance a new or used vehicle with flexible loan options for your next purchase.

 

Auto Loans









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Important information:
*Subject to credit approval and must meet eligibility requirements.