Idaho payday loans

Compare your loan options in Idaho

If you’re considering a payday loan in Idaho, our guide has all the information you need

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: $1,000
  • 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.

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

        Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

        Rates last updated November 20th, 2017
        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 Maximum Loan Amount Term of Loan Turnaround Time Requirements
        OppLoans Installment Loans
        Installment loans with competitive rates from a top-rated direct lender.
        9 to 36 months
        1 business day
        Open only to residents of AL, CA, DE, GA, KS, ID, IL, MO, MS, NV, NM, OH, SC, TN, TX, UT, VA and WI. Must have direct deposit to demonstrate sufficient monthly income.
        Slam Dunk Loans
        Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
        Varies by lender
        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.
        CashNetUSA Loan
        Apply for a short-term loan with an easy online application and dedicated customer service.
        Varies by state
        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.
        6 months
        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.
        Varies by lender
        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.
        MoneyKey-arranged or MoneyKey Installment Loan
        *Apply for money when you need it and receive your funds in as quickly as one business day.
        $1,000 (unless otherwise stated)
        Varies by state
        1 business day*
        You must be a permanent US resident or citizen, at least 18 years old, and have regular income.

        Compare up to 4 providers

        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 great 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 rates.

        What fees and charges do Idaho payday loans come with?

        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
        • Default fee: A one-time fee of $25

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

        Here’s our list of alternatives you should check out before applying

        How can I apply for an Idaho payday loan?

        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

        Have any more questions about Idaho payday loans?

        If you don’t want to take out a new loan, you may want to look into the Idaho Foodbank, 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.

        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.

        No, they’re not. While you typically have to repay a payday loan by your next payday, you repay an installment loan over a period of a few months to a year, usually at a lower interest rate.

        You should contact the Idaho Department of Finance

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    US Payday Loans Offers

    Learn about our information service
    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.