Payday loans in Idaho | finder.com
Idaho payday loans

Compare your loan options in Idaho

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All the information you need to get a payday loan in Idaho.

Payday loans can be helpful if you know how to budget and make sure that your lender is obeying all the state regulations. Familiarize yourself with this information before applying so you know exactly how much a short-term loan may cost you.

OppLoans Installment Loans

OppLoans Installment Loans

Get fast funding up to $4,000 at reasonable interest rates.

  • Min. Loan Amount: $500
  • Loan Term: 9 to 36 months
  • Turnaround Time: As soon as 1 business day
  • Must be 18+ years old
  • No security deposit needed
  • Confidential and secure

    Are payday loans legal in Idaho?

    Yes, payday loans are legal in Idaho. Idaho Statute 28-46-401 et seq. governs the functioning of all payday lenders in this state. Under this chapter, businesses must obtain a license to offer payday loans, and a lender must have a separate license for every location where it offers loans.

    Six guidelines Idaho payday loans must abide by:

    1. Maximum loan amount: $1,000 or 25% of an individual’s gross monthly income
    2. Maximum loan term: None
    3. Minimum loan term: None
    4. APR: There is no maximum APR specified
    5. Rollovers: Borrowers are allowed 3 rollovers (renewals)
    6. Repayment plan: Lenders are required to offer a 60-day payment plan with four equal installment payments

    Compare payday loans in Idaho

    Rates last updated June 24th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Max. Loan Amount Turnaround Time Requirements
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    $4,000
    1 business day
    Open to residents of AL, AK, AZ, CA, DE, FL, GA, ID, IL, IN, KS, KY, MI, MN, MO, MS, NE, NV, NM, OH, OK, OR, SC, TN, TX, UT, VA, WI and WY. Must have direct deposit and meet minimum income requirements.
    CashUSA Installment Loans
    $10,000
    As early as 1 business day
    Monthly income of $1,000+ after taxes and valid checking account.
    Slam Dunk Loans
    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
    $2,500
    As soon as next business day
    Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
    BadCreditLoans.com
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    Varies
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    Blue Trust Loans Installment Loans
    Get an installment loan from an online tribal lender. Perks for returning borrowers.
    $2,000
    As soon as next business day
    Must be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
    HonestLoans Installment Loans
    Get a flexible installment loan with fast funding through one easy online application form.
    $2,500
    As soon as one business day
    Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
    MaxLend Installment Loans
    Get up to $1,000 as a first-timer, with loans of up to $2,000 and lower APRs for repeat borrowers.
    $2,000
    As soon as the next business day
    Must be at least 18 years old and a US citizen, have a valid bank account and provide a verifiable source of income.

    Compare up to 4 providers

    Fees and charges to expect

    As with all payday loans, you should approach borrowing with extreme caution. Idaho law doesn’t specify how high the interest and financing fees can get, so when you are offered a loan contract, be sure you read how much the total loan will cost you.

    • Financing fee: None specified
    • Maximum interest: None specified
    • Late payment fee: A one-time fee of $25

    A lender may not charge any additional fees and may not charge a fee for a 60-day repayment plan.

    Want to find a lower cost alternative? Here are your options

    What an Idaho payday loan can offer you

    If you’re going through a fiancnial rough patch, a payday loan could be what you need to get by. These are viable for people with bad credit and few other options of getting credit, but keep in mind that loans are high-cost.

    The interest and fees you may have to pay depends on the lender. So before you apply, check out a payday loan broker to compare your offered rates.

    How getting multiple payday loans works in Idaho

    Idaho law doesn’t require a cooling off period between loans. However, it’s a good idea to wait between loans to avoid spending extra money on interest.

    Payday lenders in Idaho don’t have to offer extended payment plans more than once in a 12 month period. If you sign up for a 60-day extended repayment plan, a lender shouldn’t charge you additional fees.

    How to apply

    Lenders have different requirements for who can apply for a loan, but this is the general information you’ll need.

    Eligibility criteria:

    • You should be at least 18 years of age
    • You should be an American citizen or a permanent resident of the US
    • You should have a regular source of income

    Required information:

    • Your name, date of birth, Social Security number and a valid form of ID
    • Your address, email and phone number
    • Details about your employment and income
    • Details about your bank checking account

    Don't overlook government assistance

    Depending on your financial situation, you could be eligible for free assistance from your local government. You may want to look into the Idaho Food Bank, 2-1-1 Idaho CareLine, Information and Referral- Boise (Westgate) Office or other area-specific programs. These can get you the help you need without pushing you further into debt.

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    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

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