Idaho Payday Loans
You bounce a check or are late on bills and you pay a penalty fee. You get a payday loan and you pay an interest rate. But no matter what it's called or how it's measured, the cost is in dollars. So sometimes payday loans are the cheapest option. This page has what we have found are the lowest online loan rates for people living in Idaho. If you know of a online lender with cheaper rates for your state, please contact us.
PaydayOne.com
Finance Charges
| Loan Amount |
Interest and Fees |
Total Due |
APR 14 days |
| $100 | $22.50 | $122.50 | 586.61% |
| $150 | $33.75 | $183.75 | 586.61% |
| $200 | $45.00 | $245.00 | 586.61% |
| $250 | $56.25 | $306.25 | 586.61% |
| $300 | $67.50 | $367.50 | 586.61% |
| $350 | $78.75 | $428.75 | 586.61% |
| $400 | $90.00 | $490.00 | 586.61% |
| $450 | $101.25 | $551.25 | 586.61% |
| $500 | $112.50 | $612.50 | 586.61% |
Terms
The maximum payday loan for Idaho residents is $500.The maximum loan term is 41 days.
Requirements
You must be at least 18 years old and have:- A job or proven source of income
- An email address
- A verifiable phone
- A checking account in good standing (PayDay One defines an account in good standing if it shows 30 days of transaction history without any non-sufficient fund transactions, returned checks, overdraft charges, or negative account balances.)
Guarantee
If you find a lower price from another similarly licensed online lender we'll match it.CashCentral.com
Finance Charges
| Loan Amount |
Interest and Fees |
Total Due |
APR 14 days |
| $100 | $25 | $125 | 651.79% |
| $200 | $50 | $250 | 651.79% |
| $300 | $75 | $375 | 651.79% |
| $400 | $100 | $500 | 651.79% |
| $500 | $125 | $625 | 651.79% |
| $600 | $150 | $750 | 651.79% |
| $700 | $175 | $875 | 651.79% |
| $800 | $200 | $1000 | 651.79% |
| $900 | $225 | $1125 | 651.79% |
| $1000 | $250 | $1250 | 651.79% |
Terms
The maximum payday loan for Idaho residents is $1000.The maximum loan term is 18 days.
Requirements
You must be at least 18 years old and:- Have been employed three months or longer.
- Take home a minimum of $1,000 monthly (after taxes).
- Have a valid checking account in your name.
- Have current (and valid) home and work telephone numbers.
- Be a U.S. citizen.
Summary of Relevant Legal Excerpts for Idaho Payday Loans
Section 28-46-412. Payday loan procedures.
- A payday loan is to be made with a written agreement signed by the borrower. The agreement must include the lender's name, the date, the loan amount, and the loan fee charged in both a dollar amount and as an annual percentage rate (APR).
- The maximum loan amount is $1,000.
- The loan fee is considered a transaction cost and not interest for legal purposes. No other fees not authorized by statute are allowed.
- Payday lenders must give written notice to borrowers that: a payday loan is for short-term, not long-term needs; borrowers must pay additional fees if the loan is renewed instead of paid in full when due; and borrowers have the right to cancel the loan, at no cost, no later than the end of the next business day following the day on which the payday loan was made.
- When making a payday loan, the lender may accept only one postdated check for each loan.
- The borrower has the right to redeem the check at any time before the loan payment due date by paying the lender the full amount of the check in cash or equivalent funds.
- The lender may not charge the borrower a fee to access the payday loan proceeds.
- A payday loan may be repaid by cash, cashier's check, or some type of mutually agreeable electronic funds transfer.
28-46-413. Payday loan business practices.
- At any one time, borrowers may have only one loan, or loans, totalling $1,000 from a single lender.
- A payday lender may not make a loan to a borrower in order to pay off an existing loan with the same lender.
- Payday lenders have the right to collect a bad check fee as authorized by the Idaho Code, Section 28-22-105, if the fee is disclosed in the loan agreement. However, lenders may not charge treble damages. The right to charge a fee also extends to third parties if the loan is assigned for collection.
- A lender may not threaten a borrower with criminal action for any loan non-payment.
- A payday loan may be renewed up to three times after which the loan must be repaid in full.
- The only collateral allowed for a payday loan is the borrower's check.
DISCLAIMER: The documentation on this site is for informational purposes only and is not intended to be a legal substitute for the official versions. There is no guarantee for accuracy, completeness, or timeliness of the information provided. Refer to the lender for the fees charged or other loan questions. Consult with your legal advisor for help in interpreting individual statutes. All ownership rights for the material not original to this site remain with the respective copyright holders.