Best Personal Loans in Idaho, Bad Credit Loans, Payday Loan Laws of March 2024

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Last Update: November 2, 2022 Loans By State
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According to the Idaho Credit Code, APRs for installment loans are negotiable, and the borrower and the lender determine finalized rates. The state does not impose APR caps, and finance charges are left to the discretion of the two parties involved.

However, state regulations limit delinquency charges to 5% of the unpaid balance or $12.50 – whichever is greater. Lenders also have to wait at least 10 days after the delinquency occurs to levy the charge. As well, delinquency charges can only be administered once, regardless of how long the loan remains in default.

Lenders can also levy a dishonored check fee. And if the value of the check does not cover the lender’s interest, collections, and attorney’s fees, it can levy an additional 12% annual interest as long as the amount does not exceed $20 or the face value of the check. However, the lender can only impose the charge 15 days after notifying the borrower that the check has bounced.

All other finance charges are left to the discretion of the lender and the borrower.

Best Bad Credit Loans in Idaho of March 2024

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 72 Months

Licensed in Idaho:

Yes

Amount:

$1,000 - $50,000

Min. Credit Score:

300

APR:

5.6% - 35.99%

Approval:

5 Minutes

Terms:

3 - 5 Years

Licensed in Idaho:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Idaho:

Yes

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Idaho:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Idaho:

Yes

Amount:

$200 - $5,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

12 - 120 Months

Licensed in Idaho:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

580

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

90 Days - 72 Months

Licensed in Idaho:

Yes

For more information, see our complete guide on bad credit loans.

Best Personal Loans for Good Credit in Idaho of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Idaho:

Yes

Amount:

$2,000 - $40,000

Min. Credit Score:

640

APR:

7.95% - 35.99%

Approval:

1 - 3 Days

Terms:

36 - 60 months

Licensed in Idaho:

Yes

Amount:

$1,000 – $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Idaho:

Yes

Amount:

$1,000 – $35,000

Min. Credit Score:

580

APR:

5.99% – 35.99%

Approval:

< 1 Day

Terms:

90 Days – 72 Months

Licensed in Idaho:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

500

APR:

3.99% – 35.99%

Approval:

< 1 Day

Terms:

1 – 5 Years

Licensed in Idaho:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

600

APR:

7.99% - 35.97%

Approval:

< 1 Day

Terms:

3 - 5 Years

Licensed in Idaho:

Yes

Amount:

$5,000 – $35,000

Min. Credit Score:

640

APR:

5.99% – 24.99%

Approval:

1 – 7 Days

Terms:

2 - 5 Years

Licensed in Idaho:

Yes

Amount:

$2,500-$35,000

Min. Credit Score:

660

APR:

6.99-24.99%

Approval:

1 Day

Terms:

24 - 84 Months

Licensed in Idaho:

Yes

Amount:

$7,500 - $40,000

Min. Credit Score:

680

APR:

6 - 15%

Approval:

1 - 7 Days

Terms:

36 - 84 months

Licensed in Idaho:

Yes

Payday Loan Laws in Idaho of March 2024

Maximum Loan Amount: The lesser of $1,000 or 25% of your gross monthly income

Minimum Loan Term: Not specified

Maximum Loan Term: Not specified

Maximum Fee: Unlimited

Maximum APR: Unlimited, but averages 652%

Rollovers: 3

Loan Limit: Unlimited, up to a total of $1,000

Payday loans are legal in Idaho.

And similar to other loans regulated by the Idaho Credit Code, finance charges are determined by the lender and the borrower. However, payday loans are limited to $1,000 or 25% of your gross monthly income – whichever is less. Borrowers can take out as many payday loans as they want – as long as the total dollar amount does not exceed $1,000. Three rollovers are allowed per loan, and every 12 months, a borrower can convert a payday loan into an extended payment plan without penalty. The plan has to allow at least four equal payments over at least a sixty-day period.

Payday Loan Laws in Idaho by Country of March 2024

ElitePersonalFinance analysis of payday loan laws by countries in the State of Idaho.

We haven’t found a significant difference between the payday loan laws in Idaho. If you are with bad credit, here are the laws in Idaho by country.

City:Amount Allowed:APR Allowed:Status:
Boise City$1,000652%Legal
Meridian$1,000652%Legal
Nampa$1,000652%Legal
Idaho Falls$1,000652%Legal
Pocatello$1,000652%Legal
Caldwell$1,000652%Legal
Coeur d’Alene$1,000652%Legal
Twin Falls$1,000652%Legal
Lewiston$1,000652%Legal
Post Falls$1,000652%Legal
Rexburg$1,000652%Legal
Moscow$1,000652%Legal
Eagle$1,000652%Legal
Kuna$1,000652%Legal
Ammon$1,000652%Legal
Chubbuck$1,000652%Legal
Hayden$1,000652%Legal
Mountain Home$1,000652%Legal
Blackfoot$1,000652%Legal
Garden City$1,000652%Legal
Jerome$1,000652%Legal
Burley$1,000652%Legal
Star$1,000652%Legal
Hailey$1,000652%Legal
Sandpoint$1,000652%Legal
Rathdrum$1,000652%Legal
Payette$1,000652%Legal
Middleton$1,000652%Legal
Emmett$1,000652%Legal
Rupert$1,000652%Legal
Weiser$1,000652%Legal
Preston$1,000652%Legal
Fruitland$1,000652%Legal
Shelley$1,000652%Legal
American Falls$1,000652%Legal
Buhl$1,000652%Legal
Rigby$1,000652%Legal
Kimberly$1,000652%Legal
Lincoln$1,000652%Legal
St. Anthony$1,000652%Legal
Gooding$1,000652%Legal
Fort Hall$1,000652%Legal
Heyburn$1,000652%Legal
McCall$1,000652%Legal
Grangeville$1,000652%Legal
Mountain Home AFB$1,000652%Legal
Orofino$1,000652%Legal
Salmon$1,000652%Legal

Car Title Loans in Idaho of March 2024

Car title loans are legal in Idaho.

However, using common motor vehicle appraisal guides to determine fair value, loans cannot exceed the car’s retail value, and terms cannot exceed 30 days.

The Idaho Title Loan Act also requires licensed lenders to provide and record the following disclosures:

  • The make, model, and year of the titled personal property.
  • The vehicle identification number, or another comparable identification number, along with the license plate number, if applicable, of the titled personal property.
  • The name, residential address, and date of birth of the debtor.
  • The date the title loan agreement is executed by the title lender and the debtor.
  • The maturity date of the title loan agreement.
  • The name and physical address of the title loan office.
  • In not less than twelve (12) point bold type, the name and address of the administrator and a telephone number to which consumers may address complaints.

The lender must also disclose in at least size-12 font and bold capital letters:

  • This loan is not intended to meet long-term financial needs.
  • You should use this loan only to meet short-term cash needs.
  • You will be required to pay additional interest and fees if you renew this loan rather than pay the debt in full when due.
  • This loan may be a higher interest loan. You should consider what other lower-cost loans may be available to you.
  • You are placing at risk your continued ownership of the titled personal property you are using as security for this loan.
  • If you default under this loan, the title lender may take possession of the titled personal property used as security for this loan and sell the property in the manner provided by law.
  • If you enter into a title loan agreement, you have a legal right to rescission. This means you may cancel your contract at no cost to you by returning the money you borrowed by the next business day after the date of your loan.
  • If you believe that the title lender has violated the provisions of the Idaho Title Loan Act, you have the right to file a written complaint with the Idaho Department of Finance, and the Department will investigate your complaint.

As well, car title loans issued by unlicensed lenders are immediately null and void. The unlicensed lender must return the vehicle and any principal, interest, or fees collected.

Alternative Payday Loans in Idaho of March 2024

If you’re denied a personal loan, alternative lenders are there to fill the void.

OppLoans is a licensed alternative lender in Idaho with typical loans ranging from $500 to $4,000. APRs average 160% and terms range from 9 to 18 months.

Best Auto Loans for Bad Credit in Idaho of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Idaho:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Idaho:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Idaho:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Idaho:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Idaho:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Idaho:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Idaho:

Yes

Amount:

$1,000 - $45,000

Min. Credit Score:

0

APR:

From 0.99%

Licensed in Idaho:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Idaho:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Idaho:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Idaho:

Yes

Best Auto Loans for Good Credit in Idaho of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Idaho:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Idaho:

Yes

Amount:

$5,000-$100,000

Min. Credit Score:

660

APR:

4.99% to 9.19%

Licensed in Idaho:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Idaho:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Idaho:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Idaho:

Yes

Amount:

$3,000 - $100,000

Min. Credit Score:

650

APR:

From 3.12%

Licensed in Idaho:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

640

APR:

From 3.54%

Licensed in Idaho:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Idaho:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

600

APR:

3.54% - 10.24%

Licensed in Idaho:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Idaho:

Yes

Credit Unions in Idaho of March 2024

Name:APR:Amount:
Westmark Credit Union10.30% – 18%+$1,000+
CapEd Federal Credit Union8.09% – 18%$2,001 – $250,000

Westmark Credit Union

At Westmark Credit Union, you can choose between a personal line of credit and a personal advance loan:

  • A Personal Line of Credit offers variable financing based on your credit history and credit score. Standard APRs are capped at 18%, and terms are revolving. Your minimum monthly payment is 2.5% of the outstanding balance or $10 – whichever is greater.
  • A Personal Advance Loan offers a 12-month term for $1,000 or more loans and up to a 48-month term for $1,500 or more. For a 36-month loan, the standard APR is 10.30%, and for a 48-month loan, the standard APR is 11.55%.

Westmark operates 15 branches across Idaho, located in Blackfoot, Nampa, Rexburg, Twin Falls, etc.

CapEd Federal Credit Union

At CapEd Federal Credit Union, you can choose between two unsecured loans and one secured loan:

  • Line of Credit is an unsecured loan that offers funding up to $25,000. Terms are revolving, and APRs range from 16.50% to 18%.
  • A Signature Loan is also unsecured, and you can borrow anywhere from $2,001 to $25,000. Terms extend up to 60 months, and APRs range from 8.09% to 18%.
  • A Share Secured Loan is a secured personal loan that offers lower APRs when you deposit funds as collateral.

Typical Share Secure Loan APRs and terms are:

  • 24 Months: As low as 3.50%.
  • 36 Months: As low as 3.75%.
  • 48 Months: As low as 4.00%.
  • 60 Months: As low as 4.00%.

CapEd operates 10 branches across Idaho, located in Eagle, Kuna, Meridian, Boise, etc.

All Licensed Credit Unions in Idaho of March 2024

Name:City:Size (Millions):Members:
IDAHO CENTRAL CREDIT UNIONChubbuck$1,011.05106129
POTLATCH NO 1 FEDERAL CREDIT UNIONLewiston$486.4552326
WESTMARK CREDIT UNIONIdaho Falls$459.2542394
CAPITAL EDUCATORS FEDERAL CREDIT UNIONMeridian$283.1739993
EAST IDAHO CREDIT UNIONIdaho Falls$252.6232221
PIONEER FEDERAL CREDIT UNIONMountain Home$304.0531763
TRUGROCER FEDERAL CREDIT UNIONBoise$223.7131265
BEEHIVE FEDERAL CREDIT UNIONRexburg$156.4919083
IDAHO STATE UNIVERSITY FEDERAL CREDIT UNIONPocatello$113.0315728
ICON CREDIT UNIONBoise$143.8014441
ADVANTAGE PLUS FEDERAL CREDIT UNIONPocatello$110.5212547
POCATELLO RAILROAD FEDERAL CREDIT UNIONPocatello$56.6010656
POTELCO UNITED CREDIT UNIONPocatello$62.9810416
IDADIV CREDIT UNIONNampa$41.959721
LES BOIS FEDERAL CREDIT UNIONGarden City$74.099119
SCENIC FALLS FEDERAL CREDIT UNIONIdaho Falls$62.478731
LEWIS CLARK CREDIT UNIONLewiston$46.677056
LATAH FEDERAL CREDIT UNIONMoscow$55.466664
IDAHO ADVANTAGE CREDIT UNIONBoise$58.166351
BOISE U S EMPLOYEES FEDERAL CREDIT UNIONBoise$44.015843
NORTHWEST CHRISTIAN CREDIT UNIONNampa$36.245765
IDAHO UNITED CREDIT UNIONBoise$26.065424
CORNERSTONE CREDIT UNIONCaldwell$18.765074
SIMPLOT EMPLOYEES CREDIT UNIONCaldwell$18.234973
KAMIAH COMMUNITY CREDIT UNIONKamiah$46.584932
HEALTH CARE IDAHO CREDIT UNIONBoise$9.874894
COTTONWOOD COMMUNITY FEDERAL CREDIT UNIONCottonwood$68.104277
MEMBERS PREFERRED CREDIT UNIONIdaho Falls$23.604191
CLEARWATER CREDIT UNIONLewiston$22.554130
A+ CREDIT UNIONIdaho Falls$15.923052
MOUNTAIN GEM CREDIT UNIONNampa$13.812935
PINE TREE COMMUNITY CREDIT UNIONGrangeville$31.402823
SIMCOE CREDIT UNIONHeyburn$5.922612
POCATELLO TEACHERS FEDERAL CREDIT UNIONPocatello$16.432313
POCATELLO SIMPLOT CREDIT UNIONPocatello$33.032298
POCAHY FAMILY FEDERAL CREDIT UNIONPocatello$15.332257
E.S.A. CREDIT UNIONBoise$5.592243
VALLEY COMMUNITY CREDIT UNIONNampa$8.292228
SEI US EMPLOYEES FEDERAL CREDIT UNIONPocatello$14.172178
PUBLIC EMPLOYEES CREDIT UNIONCoeur D’alene$8.812092
WHITE PINE CREDIT UNIONPierce$8.701892
ST. ALPHONSUS MEDICAL CREDIT UNIONBoise$5.681659
PAYETTE RIVER COMMUNITY CREDIT UNIONEmmett$7.111588
ST JOE VALLEY CREDIT UNIONSt Maries$7.281550
M.A.P. CREDIT UNIONBurley$1.881498
SNAKE RIVER FEDERAL CREDIT UNIONTwin Falls$4.991336
MAGIC VALLEY FEDERAL CREDIT UNIONTwin Falls$5.801127
PANHANDLE PUBLIC EMPLOYEES FEDERAL CREDIT UNIONSandpoint$2.471011
BOISE FIRE DEPARTMENT CREDIT UNIONBoise$8.19995
CASSIA COUNTY EDUC. CREDIT UNIONBurley$2.72848
DESERT SAGE FEDERAL CREDIT UNIONNampa$1.38448
SHELL-FIR CREDIT UNIONShelley$0.91434
MINI-CASSIA EMPL. CREDIT UNIONBurley$0.60391
TRIBUNE CREDIT UNIONLewiston$0.70311
SHOSHONE COUNTY SCHOOL EMPLOYEES CREDIT UNIONPinehurst$0.93213
JEFFERSON COUNTY PUBL. EMPL CREDIT UNIONMenan$0.42180
LEWISTON CATHOLIC CREDIT UNIONLewiston$0.40167
TIMES-NEWS EMPLOYEES CREDIT UNIONTwin Falls$0.1868

Student Loans in Idaho of March 2024

Idaho Opportunity Scholarship

The Idaho Opportunity Scholarship is a needs-based grant that offers up to $3,500 per year. However, you must re-apply each year to receive funding – up to a maximum of four years.

To qualify:

  • You must be an Idaho resident.
  • You must graduate from an Idaho high school or have an equivalent Idaho GED/HSE.
  • You must have a cumulative GPA of at least 2.7.
  • You must attend an eligible Idaho college or university.

Applications are accepted beginning October 1st of each year and must be submitted no later than March 1st.

Idaho Governor’s Cup Scholarship

Offering up to $3,000 per year for a maximum of four years, the Idaho Governor’s Cup Scholarship is a merit-based grant that requires community service to qualify. Approximately 25 awards are provided each year to high school seniors attending Idaho colleges and universities.

Qualification requirements:

  • You must have a cumulative GPA of at least 2.8.
  • You have to write a 500-word essay outlining your future goals and interests.
  • You need a documented volunteer, leadership, and/or public service work.

Applications are accepted beginning November 1st of each year.

Federal Housing Administration (FHA) Loans in Idaho of March 2024

There are 44 counties in Idaho where you can apply for an FHA loan. The lowest FHA loan amount of $314,827 is available in 35 counties, while the highest FHA loan amount of $1,397,400 is available in Teton County.

County:Single Unit Limit (lowest):Four-Plex Limit (highest):
Ada County$366,850$705,500
Adams County$331,760$638,100
Bannock County$331,760$638,100
Bear Lake County$331,760$638,100
Benewah County$331,760$638,100
Bingham County$331,760$638,100
Blaine County$646,300$1,242,900
Boise County$366,850$705,500
Bonner County$331,760$638,100
Bonneville County$331,760$638,100
Boundary County$331,760$638,100
Butte County$331,760$638,100
Camas County$646,300$1,242,900
Canyon County$366,850$705,500
Caribou County$331,760$638,100
Cassia County$331,760$638,100
Clark County$331,760$638,100
Clearwater County$331,760$638,100
Custer County$331,760$638,100
Elmore County$331,760$638,100
Franklin County$331,760$638,100
Fremont County$331,760$638,100
Gem County$366,850$705,500
Gooding County$331,760$638,100
Idaho County$331,760$638,100
Jefferson County$331,760$638,100
Jerome County$331,760$638,100
Kootenai County$335,800$645,750
Latah County$331,760$638,100
Lemhi County$331,760$638,100
Lewis County$331,760$638,100
Lincoln County$331,760$638,100
Madison County$331,760$638,100
Minidoka County$331,760$638,100
Nez Perce County$331,760$638,100
Oneida County$331,760$638,100
Owyhee County$366,850$705,500
Payette County$331,760$638,100
Power County$331,760$638,100
Shoshone County$331,760$638,100
Teton County$765,600$1,472,550
Twin Falls County$331,760$638,100
Valley County$331,760$638,100
Washington County$331,760$638,100

Business Loans in Idaho of March 2024

If your business needs immediate capital, the online lenders below offer exceptional service and provide financing at an affordable rate:

Amount:

Up to $10,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Idaho:

Yes

Amount:

$5,000 - $500,000

APR:

9.77% - 35.98%

Min. Credit Score:

600

Licensed in Idaho:

Yes

Amount:

$5,000 - $500,000

APR:

5.99% – 35.99%

Min. Credit Score:

500

Licensed in Idaho:

Yes

Amount:

Up to $250,000

APR:

24% – 99%

Min. Credit Score:

560

Licensed in Idaho:

Yes

Amount:

Up to $350,000

APR:

9.28 - 10.52%

Min. Credit Score:

650

Licensed in Idaho:

Yes

Amount:

Up to $350,000

APR:

10.00 - 25.00%

Min. Credit Score:

680

Licensed in Idaho:

Yes

Amount:

$75,000 - $5,000,000

APR:

5.50 - 8.25%

Min. Credit Score:

650

Licensed in Idaho:

Yes

Amount:

Up to $500,000

APR:

12.18 - 36.00%

Min. Credit Score:

660

Licensed in Idaho:

Yes

Amount:

Up to $500,000

APR:

9.00 - 99.00%

Min. Credit Score:

600

Licensed in Idaho:

Yes

Amount:

Up to $5,000,000

APR:

15.00 - 78.00%

Min. Credit Score:

600

Licensed in Idaho:

Yes

Amount:

Up to $1,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Idaho:

Yes

Amount:

$6,000 to $250,000

APR:

Vary

Min. Credit Score:

0

Licensed in Idaho:

Yes

Conclusion

Unlike other states we’ve analyzed, Idaho is pretty lax when it comes to loan regulations. Their legislative policies are quite vague and don’t provide much protection against predatory payday lending. APRs are unregulated in the state, and lenders and borrowers determine finalized rates. And with several other charges negotiable as well, desperate borrowers are vulnerable when applying for a loan. Car title loans are the same. However, we couldn’t find any APR policies; terms cannot exceed 30 days, and common motor vehicle appraisal guides are used to determine the loan’s fair value.

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