Payday loans in Idaho |

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Compare your loan options in Idaho

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


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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.

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

Data updated regularly
Name Product Filter Values Loan amount Turnaround time Requirements
OppLoans Installment Loans
$500 - $5,000
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
 Check Into Cash Installment Loans
$100 - $3,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California
Borrow money with lower payments and more time to pay than a traditional payday loan.
Fast5kLoans Short-term Loans Connection Service
$100 - $35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Monevo Installment Loans
$500 - $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
Quickly compare multiple online lenders with competitive rates depending on your credit.
$500 - $10,000
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
LendYou Short-term Loans
$100 - $15,000
Same business day to 1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.

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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