Loans in Idaho: Payday and Installment Options

Yes, you can borrow in Idaho from lenders licensed by the Department of Finance: payday loans of up to $1,000, installment loans and car title loans. Idaho sets no cap on rates or fees, so the price in your offer is the number to compare.

What Idaho Loans Cost When Lenders Set the Price

Idaho Code 28-42-201 leaves the finance charge to you and the lender, for payday, installment and title loans alike. At reference prices:

Worked out at reference prices: a $20 payday fee per $100, and 36% and 100% APRs, since Idaho law sets no cap. These aren't Idaho limits or offers from lenders in our network; your price can be lower or higher.

At 100% instead of 36%, the same $1,000 loan costs $414 more in interest over the year. Payday lenders must post their fee per $100 and state it as an APR in your agreement.

• Bounced check: a set collection fee of $20 at most, and only if your agreement provides for it.
• Late installment: after 10 days, 5% of the payment or $15, whichever is greater, once per payment.
• Early payoff: no prepayment penalty on loans not secured by real estate.

Idaho's Payday, Regulated Lender and Title Loan Licenses

Counts include branches, from the Department of Finance licensee search on October 28, 2026; 60 payday licenses are at Idaho addresses. Licensees don't need an Idaho office. Supervised banks and credit unions don't need these licenses.

The Limits Idaho Uses Instead of a Payday Fee Cap

• $1,000 per lender. No lender and its related companies can have more than $1,000 in principal out to you.
• 25% of income. A loan can't top 25% of your gross monthly income, so the full $1,000 takes $4,000 a month.
• Three renewals. After the third renewal in a row, the loan must be repaid in full.
• A free payment plan. Once every 12 months: at least 4 equal payments over 60 days or more.
• Next-day cancel. Return the principal by the close of the next business day and owe nothing.

See Idaho payday loan rules for fee examples, the income test and the payment plan.

Idaho Title Loans: 30-Day Terms and a 10% Paydown

A title loan uses your car's title as security. Each agreement runs 30 days at most and can renew automatically. From the third renewal on, you must pay at least 10% of the original principal plus the finance charge: $100 each time on $1,000.

• The loan can't exceed the car's retail value, and unpaid interest can't be added to the principal at renewal.
• After a default, the lender can take and sell the car but generally can't sue you for more.
• You can cancel by the close of the next business day by returning the money.

Three Steps From Idaho Request to Signed Offer

1. Pick the loan: up to $1,000 for a few weeks points to payday; more, or monthly payments, points to an installment loan.
2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
3. Compare the APR with another offer and find the lender's Idaho license before you sign.

Looking Up a Lender in Idaho's Licensee Search

1. Choose Consumer Credit as the search type.
2. Find the company's legal name and its license: Payday Loan, Regulated Lender or Title Loan.
3. Match the city; current licenses run through December 31, 2026.

Questions: Department of Finance at 208-332-8000, or 1-888-346-3378 toll-free in Idaho. Complaints go in writing through its online form.

Common Questions

Official Sources

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