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States Idaho Installment Loans

Installment Loans in Idaho

Page last reviewed: October 28, 2026 · Reviewed for accuracy by Betty Walsh

Idaho lets licensed lenders charge any rate you agree to on an installment loan, so the APR in your offer sets the cost. What the Idaho Credit Code does limit is late fees, early payoff and the term on loans of $1,000 or less.

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Rate cap None; the rate is whatever you and the lender agree to
Example $3,000 over 24 months at a 36% reference APR: $177.14 a month
Late fee After 10 days: 5% of the payment or $15, whichever is greater
Small loans $1,000 or less: equal payments, over 25 or 37 months at most
You need ID, proof of income and a bank account
Monthly Payments Loans of $1,000 or Less

LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.

Idaho Installment Payments at 36% and 100% APR

With no state cap, two reference APRs show the range:

LoanAt 36%At 100%
$1,000, 12 mo12 × $100.4612 × $135.00
$3,000, 24 mo24 × $177.1424 × $292.90
$5,000, 36 mo36 × $229.0236 × $441.41

Worked out at two reference APRs, 36% and 100%, 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.

Over 36 months, $5,000 costs $3,245 in interest at 36% and $10,891 at 100%. Lenders can add other charges the Code doesn't limit, so ask for the total of payments. Need a few hundred dollars for a few weeks? See Idaho payday loan rules.

Equal Payments and Term Limits on Idaho Loans of $1,000 or Less

A closed-end loan of $1,000 or less must be repaid in substantially equal payments at equal intervals, unless matched to seasonal or irregular income, and within these terms:

PrincipalLongest termExample at 36%
$300 or less25 months$300: 25 × $17.23
$301 to $1,00037 months$500: 37 × $22.56
Over $1,000Set by contractSee the table above

A longer term lowers the payment but raises the interest, so choose the shortest term you can carry.

Late Fees, Bounced Payments and Early Payoff in Idaho

Late fee
5% or $15
whichever is greater, after 10 days
On a $100.46 payment
$15.00
charged once per payment
Bounced check
$20 at most
a set fee, if your contract says so
Prepayment
No penalty
unless secured by real estate
  • A late fee is charged once per payment, however long it's late; on a precomputed loan the floor is $12.50, not $15.
  • Pay within 10 days of the due date and there's no late fee, even if an earlier payment is behind.
  • Repay a precomputed loan early and the unearned finance charge is rebated; a contracted minimum charge can't exceed $7.50.

Out-of-State and Online Lenders Under Idaho's Credit Code

The Credit Code covers your loan if you live in Idaho and the lender solicited or advertised here, online included. Anyone who advertises or offers consumer loans in Idaho needs a license unless exempt, and licensees don't need an Idaho office.

  • A clause choosing another state's law or courts, or fixing the venue, is invalid on a loan the Code covers.
  • Supervised banks and credit unions are exempt. The licensee search listed 721 regulated lender licenses, branches included, on October 28, 2026.

Comparing Idaho Installment Offers in Three Steps

  1. Choose an amount and the shortest term you can afford; the tables above show payments at 36% and 100%.
  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 APRs and totals of payments, and check the lender's license before you sign.
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Finding an Idaho Regulated Lender License

Official lookup tool Idaho Licensee & Financial Institution Search
  1. Choose Consumer Credit and search the lender's legal name, usually in its website footer.
  2. Look for a Regulated Lender license or branch license.
  3. Check the city, the expiration date and that the name matches your agreement.

Questions: Department of Finance at 208-332-8000, or 1-888-346-3378 toll-free in Idaho. Complaints: the department's complaint form.

Common Questions

How do I qualify for an installment loan in Idaho?

Each lender sets its own requirements, and approval isn't guaranteed. To request through LendUp you'll need an ID, proof of income and a bank account.

What is the maximum interest rate on an installment loan in Idaho?

There isn't one. Idaho Code 28-42-201 sets the finance charge at whatever the lender and borrower agree to, so compare APRs.

Who will give me a loan when nobody else will in Idaho?

No lender can promise approval. Licensed lenders set their own standards, and with no rate cap a riskier profile can mean a much higher APR, so read the total of payments.

Do installment loans hurt your credit?

Applying may mean a credit check, and late payments can hurt. Whether on-time payments help depends on whether the lender reports them to a credit bureau, so ask.

Can I pay off an Idaho installment loan early?

Yes, at any time without a penalty on loans not secured by real estate. On a precomputed loan, you get a rebate of the unearned finance charge.

What late fee can an Idaho lender charge?

Only after 10 days: 5% of the payment or $15, whichever is greater ($12.50 on precomputed loans), once per payment.

Official Sources

General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.

← Idaho loan rules