Idaho is one of the last states to leave most of the payday regulations in the hands of companies that provide them. While the maximum you can borrow is $1000, the amount of finance charges and interest rates are purely dependent on the company you’re using. This might sound like a bad thing at first, but what really amounts to is having a bunch of different companies competing with each other for your business.
Boise is the most populated city in Idaho and it has hundreds of local and national short-term loan companies so you can pick and choose from a wide variety of different options. While most of these companies will offer your standard payday loan, many will also offer alternative short-term loans such as signature loans and title loans you can get the exact amount of money you need, when you need it.
Idaho Pay Day Loan Laws
Maximum Loan Amount: $1000
Maximum Finance Rate: Variable
Annual Percentage Rate For 14 Day $100 Loan: Variable
Minimum Payoff Time: Variable
Extensions Allowed: 3 rollovers allowed in Idaho
Top 5 Idaho Payday Loan Companies
3869 W. River Bend Ave. #A
Post Falls, Idaho
208-773-2222
fastbucks.com
Fast Bucks is a good example of Idaho regulations regarding payday laws in action. This company offers a wide variety of loans that you can pay back at a very different times. On the official Fast Bucks website you’ll see a table set up with state of Idaho that lists the annual percentage rate and finance charge right there. This company isn’t as cheap as some of the nationally-based companies as they charge $25 on every $100 borrowed. This is a smaller company though, this company may work with people who have a terrible borrower history with similar companies or who are self-employed or on a fixed income.
113 Thain Road
Lewiston, Idaho
208-743-3500
moneytreeinc.com
Money tree is another national payday lending company that separates its website to very specific state categories. When you look at the Idaho section, you can see all the rates and terms that you’ll be expected to abide by in a handy, easy-to-read table. On a 14 day loan for $100 the APR is listed as 430.18% which amounts to a fee of $16.50 on that one hundred dollars. This is a set amount this company uses for payday loans in Idaho it’s very easy to figure out how much you can afford on your next payday and be able to pay back successfully. To apply for a loan with this company you can either visit one of their physical offices were simply fill out the application online.
405 W. Neider Ave.
Coeur d’alene, Idaho
208-664-9230
alliedcash.com
Allied Cash very large nationwide company with branches all across the US. This is more than just a full-service financial company, they offer all kinds of services above and beyond traditional payday loans. This company offers all kinds of debt consolidation and credit rebuilding services to help their customers get out of the cycle of borrowing, improve their credit, and become more self-sufficient. The payday loans this company deals in are your basic check holding loans were you post dated check for a specified date, received the money today, then allow the company to deposit the check which pays the loan off in full.
207 11th Ave. N.
Nampa, Idaho
208-467-0072
cashkingco.com
Cash King has locations in Nampa, Caldwell and Boise. This is a multipurpose personal finance business that works as a pawn shop, payday loan office, title loan center, check-cashing service and more. This company realizes that not everybody makes enough to have a traditional payday loan or title loan and offers smaller short-term loans on merchandise in their pawn shop section. You can borrow up to $1000 in a traditional payload in this must be repaid within 4 to 30 days.
800 Caldwell Blvd.
Nampa, Idaho
208-442-7422
titlecash.com
Title Cash is a locally owned and operated business in Nampa, Idaho. As the name suggests this company primarily deals with title loans. This is where you put your car title of as collateral on a short term or medium term loan and get the loan back once you pay the loan off in full. This company does offer traditional payday loans when you get an amount of cash based on how much you make per month and how much you can comfortably pay back on your next payday. The official website is pretty vague when it comes to the exact rates and terms you can expect from any of these loans.