Loan Rates and Fees in Idaho

Idaho does not set a specific per-$100 fee cap - licensed lenders may charge any fee the borrower agrees to in writing. The aggregate principal balance outstanding to a single borrower from one licensee may not exceed $1,000 plus allowable fees. Your agreement will show the fee as a dollar amount and as an APR, as required by federal disclosure rules.

On a $300 loan due in 14 days at a $60 fee, your total repayment is $360 and the agreement will show roughly 521% APR - that's the 14-day fee scaled to a full year as required by federal law, not a separate charge.

• Rollovers: Renewals are permitted up to three consecutive times, after which the loan must be repaid in full; each renewal may carry an additional fee as agreed.
• Returned payment fee: If your check or automatic withdrawal is returned unpaid, the lender may charge the set collection fee allowed under Idaho law - confirm the exact amount in your loan agreement before you sign.
• Database/verification fee: Idaho does not require a statewide loan database, so no separate database fee should appear on your agreement.

If an offer looks unusual, verify with the Idaho Department of Finance.

Idaho does not set a statutory interest rate cap for consumer installment loans under the Idaho Credit Code - the rate is set by agreement between borrower and lender. Confirm the rate on your specific offer directly with the lender and the Idaho Department of Finance.

There is no verified origination fee cap under the Idaho Credit Code - ask the lender to itemize any upfront fee separately from interest before you sign.

On a $1,000 loan at a negotiated rate, your total repayment depends entirely on the rate and term agreed to - always ask for the total of payments figure before signing.

• Refinancing: Refinancing restarts interest on the new amount - compare your remaining balance to the new loan's total of payments before you agree.
• Returned payment fee: Same rule as payday - the lender may charge the set collection fee allowed under Idaho law.
• Late fee: A late fee may not be charged until after a 10-day grace period; only one late fee may apply per missed payment - confirm the dollar amount in your agreement.
• Prepayment: You can pay off early and must receive a rebate of unearned interest - see installment loans in Idaho for details.

If an offer looks unusual, verify with the Idaho Department of Finance.

• Returned payment fee: governed by Idaho's set collection fee statute for both products - confirm the exact amount in your agreement before you sign.
• Total of payments: the single most important number - this is what you'll actually pay back over the full term, including all interest and fees.
• If you are an active-duty servicemember or dependent, federal law caps your rate at 36% APR under the Military Lending Act.