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

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Elizabeth Barry
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When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in Idaho and everything else you should know about how payday advances work.

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Name Product Filter Values Loan amount Turnaround time Requirements
Tidal Lending
Tidal Lending
$100 to $30,000
As Soon As Next Business Day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Go to site
OppLoans Installment Loans
OppLoans Installment Loans
$500 to $4,000
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.
Go to site
More Info
Chime SpotMe overdraft
Chime SpotMe overdraft
Up to $200
Instant
$200 in qualifying direct deposits into a Chime checking account in the last 34 days
Go to site
More Info
Possible Finance Mobile Installment Loans
Possible Finance Mobile Installment Loans
Up to $500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
Go to site
More Info
CashNetUSA Loan
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Go to site
More Info
Fast5kLoans Short-term Loans Connection Service
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
Go to site
More Info
Monevo Installment Loans
Monevo Installment Loans
$500 to $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.
Go to site
More Info
BadCreditLoans.com
BadCreditLoans.com
$500 to $10,000
Varies
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.
Go to site
More Info
LendYou Short-term Loans
LendYou Short-term Loans
$100 to $2,500
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.
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More Info
Brigit
Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Go to site
More Info
Tidal Lending
Tidal Lending
$100 to $30,000
As Soon As Next Business Day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Go to site
OppLoans Installment Loans
OppLoans Installment Loans
$500 to $4,000
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.
Go to site
More Info
Chime SpotMe overdraft
Chime SpotMe overdraft
Up to $200
Instant
$200 in qualifying direct deposits into a Chime checking account in the last 34 days
Go to site
More Info
Possible Finance Mobile Installment Loans
Possible Finance Mobile Installment Loans
Up to $500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
Go to site
More Info
CashNetUSA Loan
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Go to site
More Info
Fast5kLoans Short-term Loans Connection Service
Fast5kLoans Short-term Loans Connection Service
$100 to $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.
Go to site
More Info
Monevo Installment Loans
Monevo Installment Loans
$500 to $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.
Go to site
More Info
BadCreditLoans.com
BadCreditLoans.com
$500 to $10,000
Varies
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.
Go to site
More Info
LendYou Short-term Loans
LendYou Short-term Loans
$100 to $2,500
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.
Go to site
More Info
Brigit
Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Go to site
More Info
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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.

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

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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