Loans By State

Best Personal Loans in Idaho, Bad Credit Loans, Payday Loan Laws 2020

EPF Last Update: June 7, 2020

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According to the Idaho Credit Code, APRs for installment loans are negotiable and finalized rates are determined by the borrower and the lender. 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 lenders 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 it notifies 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 2020

Amount

$500 – $10,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

3 – 36 Months

Licensed in Idaho

Not a direct lender

Amount

$100 - $2,500

Min Credit Score

0

APR

Vary by State

Approval

< 1 Day

Terms

1 - 36 Months

Licensed in Idaho

Yes

Amount

$1,000 – $5,000

Min Credit Score

0

APR

Vary By State

Approval

< 1 Day

Terms

9 – 36 Months

Licensed in Idaho

Yes

Amount

$100 – $1,000

Min Credit Score

0

APR

Vary By State

Approval

< 1 Day

Terms

7 – 30 Days

Licensed in Idaho

Yes

Amount

$1,000 – $10,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Idaho

Not a direct lender

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 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 5 Years

Licensed in Idaho

Yes

Amount

$1,000 – $100,000

Min Credit Score

500

APR

5.34% – 35.99%

Approval

< 1 Day

Terms

90 Days – 72 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

Not a direct lender

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

Best Personal Loans for Good Credit in Idaho 2020

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 – $35,000

Min Credit Score

0

APR

5.99% – 35.99%

Approval

< 1 Day

Terms

2 – 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

For a larger selection, see our full list of recommended lenders.

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Payday Loan Laws in Idaho 2020

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. As well, 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

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 $1,000 652% Legal
Meridian $1,000 652% Legal
Nampa $1,000 652% Legal
Idaho Falls $1,000 652% Legal
Pocatello $1,000 652% Legal
Caldwell $1,000 652% Legal
Coeur d’Alene $1,000 652% Legal
Twin Falls $1,000 652% Legal
Lewiston $1,000 652% Legal
Post Falls $1,000 652% Legal
Rexburg $1,000 652% Legal
Moscow $1,000 652% Legal
Eagle $1,000 652% Legal
Kuna $1,000 652% Legal
Ammon $1,000 652% Legal
Chubbuck $1,000 652% Legal
Hayden $1,000 652% Legal
Mountain Home $1,000 652% Legal
Blackfoot $1,000 652% Legal
Garden City $1,000 652% Legal
Jerome $1,000 652% Legal
Burley $1,000 652% Legal
Star $1,000 652% Legal
Hailey $1,000 652% Legal
Sandpoint $1,000 652% Legal
Rathdrum $1,000 652% Legal
Payette $1,000 652% Legal
Middleton $1,000 652% Legal
Emmett $1,000 652% Legal
Rupert $1,000 652% Legal
Weiser $1,000 652% Legal
Preston $1,000 652% Legal
Fruitland $1,000 652% Legal
Shelley $1,000 652% Legal
American Falls $1,000 652% Legal
Buhl $1,000 652% Legal
Rigby $1,000 652% Legal
Kimberly $1,000 652% Legal
Lincoln $1,000 652% Legal
St. Anthony $1,000 652% Legal
Gooding $1,000 652% Legal
Fort Hall $1,000 652% Legal
Heyburn $1,000 652% Legal
McCall $1,000 652% Legal
Grangeville $1,000 652% Legal
Mountain Home AFB $1,000 652% Legal
Orofino $1,000 652% Legal
Salmon $1,000 652% Legal

Car Title Loans in Idaho 2020

Car title loans are legal in Idaho.

However, loans cannot exceed the retail value of the car – using common motor vehicle appraisal guides to determine fair 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 other 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 as well as 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 of 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 

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 $1,001 to $5,000. APRs average 160% and terms range from 9 to 18 months.

Best Auto Loans for Bad Credit in Idaho 2020

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 2020

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

Name: APR: Amount:
Westmark Credit Union 10.30% – 18%+ $1,000+
CapEd Federal Credit Union 8.09% – 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 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 loans of $1,000 or more and up to a 48-month term for loans of $1,500 or more. For a 36-month loan, standard APRs are 10.30% and for a 48-month loan, standard APRs are 11.55%.

Westmark operates 15 branches across Idaho, with locations in Blackfoot, Nampa, Rexburg, Twin Falls as well as many others.

CapEd Federal Credit Union

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

  • A 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 Secure 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, with locations in Eagle, Kuna, Meridian, Boise as well as others.

All Licensed Credit Unions in Idaho

Name City Size (Millions) Members
IDAHO CENTRAL CREDIT UNION Chubbuck $1,011.05 106129
POTLATCH NO 1 FEDERAL CREDIT UNION Lewiston $486.45 52326
WESTMARK CREDIT UNION Idaho Falls $459.25 42394
CAPITAL EDUCATORS FEDERAL CREDIT UNION Meridian $283.17 39993
EAST IDAHO CREDIT UNION Idaho Falls $252.62 32221
PIONEER FEDERAL CREDIT UNION Mountain Home $304.05 31763
TRUGROCER FEDERAL CREDIT UNION Boise $223.71 31265
BEEHIVE FEDERAL CREDIT UNION Rexburg $156.49 19083
IDAHO STATE UNIVERSITY FEDERAL CREDIT UNION Pocatello $113.03 15728
ICON CREDIT UNION Boise $143.80 14441
ADVANTAGE PLUS FEDERAL CREDIT UNION Pocatello $110.52 12547
POCATELLO RAILROAD FEDERAL CREDIT UNION Pocatello $56.60 10656
POTELCO UNITED CREDIT UNION Pocatello $62.98 10416
IDADIV CREDIT UNION Nampa $41.95 9721
LES BOIS FEDERAL CREDIT UNION Garden City $74.09 9119
SCENIC FALLS FEDERAL CREDIT UNION Idaho Falls $62.47 8731
LEWIS CLARK CREDIT UNION Lewiston $46.67 7056
LATAH FEDERAL CREDIT UNION Moscow $55.46 6664
IDAHO ADVANTAGE CREDIT UNION Boise $58.16 6351
BOISE U S EMPLOYEES FEDERAL CREDIT UNION Boise $44.01 5843
NORTHWEST CHRISTIAN CREDIT UNION Nampa $36.24 5765
IDAHO UNITED CREDIT UNION Boise $26.06 5424
CORNERSTONE CREDIT UNION Caldwell $18.76 5074
SIMPLOT EMPLOYEES CREDIT UNION Caldwell $18.23 4973
KAMIAH COMMUNITY CREDIT UNION Kamiah $46.58 4932
HEALTH CARE IDAHO CREDIT UNION Boise $9.87 4894
COTTONWOOD COMMUNITY FEDERAL CREDIT UNION Cottonwood $68.10 4277
MEMBERS PREFERRED CREDIT UNION Idaho Falls $23.60 4191
CLEARWATER CREDIT UNION Lewiston $22.55 4130
A+ CREDIT UNION Idaho Falls $15.92 3052
MOUNTAIN GEM CREDIT UNION Nampa $13.81 2935
PINE TREE COMMUNITY CREDIT UNION Grangeville $31.40 2823
SIMCOE CREDIT UNION Heyburn $5.92 2612
POCATELLO TEACHERS FEDERAL CREDIT UNION Pocatello $16.43 2313
POCATELLO SIMPLOT CREDIT UNION Pocatello $33.03 2298
POCAHY FAMILY FEDERAL CREDIT UNION Pocatello $15.33 2257
E.S.A. CREDIT UNION Boise $5.59 2243
VALLEY COMMUNITY CREDIT UNION Nampa $8.29 2228
SEI US EMPLOYEES FEDERAL CREDIT UNION Pocatello $14.17 2178
PUBLIC EMPLOYEES CREDIT UNION Coeur D’alene $8.81 2092
WHITE PINE CREDIT UNION Pierce $8.70 1892
ST. ALPHONSUS MEDICAL CREDIT UNION Boise $5.68 1659
PAYETTE RIVER COMMUNITY CREDIT UNION Emmett $7.11 1588
ST JOE VALLEY CREDIT UNION St Maries $7.28 1550
M.A.P. CREDIT UNION Burley $1.88 1498
SNAKE RIVER FEDERAL CREDIT UNION Twin Falls $4.99 1336
MAGIC VALLEY FEDERAL CREDIT UNION Twin Falls $5.80 1127
PANHANDLE PUBLIC EMPLOYEES FEDERAL CREDIT UNION Sandpoint $2.47 1011
BOISE FIRE DEPARTMENT CREDIT UNION Boise $8.19 995
CASSIA COUNTY EDUC. CREDIT UNION Burley $2.72 848
DESERT SAGE FEDERAL CREDIT UNION Nampa $1.38 448
SHELL-FIR CREDIT UNION Shelley $0.91 434
MINI-CASSIA EMPL. CREDIT UNION Burley $0.60 391
TRIBUNE CREDIT UNION Lewiston $0.70 311
SHOSHONE COUNTY SCHOOL EMPLOYEES CREDIT UNION Pinehurst $0.93 213
JEFFERSON COUNTY PUBL. EMPL CREDIT UNION Menan $0.42 180
LEWISTON CATHOLIC CREDIT UNION Lewiston $0.40 167
TIMES-NEWS EMPLOYEES CREDIT UNION Twin Falls $0.18 68

Student Loans in Idaho

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 are similar to above except:

  • 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 documented volunteer, leadership and/or public service work.

Applications are accepted beginning November 1st of each year.

Federal Housing Administration (FHA) Loans in Idaho

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

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 finalized rates are determined by lenders and borrowers. And with several other charges negotiable as well, desperate borrowers are in a vulnerable position when applying for a loan. Car title loans are regulated in a similar fashion. We couldn’t find any APR policies, however, terms cannot exceed 30 days and common motor vehicle appraisal guides are used to determine the fair value of the loan.

Elite Personal Finance

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