Idaho Payday Loans and Cash Advances

Payday loans are designed to help you out when you have no other place to turn to for money. This kind of loan is not cheap, but when you need money urgently, you can benefit from getting help from a short term advance. We help people in Idaho get approved for an urgent money loan of up to $1,000 deposited directly to their bank account. Our specialty is bad credit history applicants, we are prepared to find a lender who is ready to approve your application even if your credit score is low.

Are payday loans legal in Idaho?

Payday loans have legal status in Idaho. If you are a resident of the state, you can apply for a payday loan already now, it is done so much faster than at an actual lender store. Our database of Idaho payday lenders allows us to process applications instantaneously, so you will be granted a loan on the same day, up to $1,000 sent to your account.

How to get a payday loan in Idaho

Before you apply for a quick payday loan with good or bad credit in Idaho, you need to have the following documents ready to present:

  • documents confirming your identity (like a state-issued ID)
  • payslips for the past 3 months
  • information about your bank account

You will need to give the information asked for in the online application form. After you submit the data about you, the lenders from our database will consider it and we will get back to you within several minutes with approval. If you apply before 2 pm CPT, chances are you will get the money on the same day.

What are the minimal and maximal loans I can count on in Idaho?

The maximal amount borrowed in payday loans in Idaho is $1,000; the minimal sum is not stipulated by law.

What motivates Idaho citizens to apply for a loan?

Taking out a payday loan is a serious decision, the one that, however, due to its nature, can be taken quite hastily and under the pressure of circumstances. Idaho borrowers report the following reasons that made them apply for a loan: emergencies in the family, a medical intervention that was both unexpected and costly, paying for utility bills when they pile up and cannot be avoided any longer, and other consumer necessities, including routine shopping. The lenders do not ask borrowers about the reasons behind their application, so it can be truly whatever you see fit!

Users often ask us:

How many payday loans can I get in Idaho?

As long as your aggregate loan sum does not exceed $1,000, you can take out an unlimited number of loans in the state.

Payday loans in Idaho: who has the best rates?

On our website, you can apply for a loan and get approval quotes from several Idaho payday loan lenders hand-picked for their best charges. You can then choose the ones with the best rates.

How many payday loans can I get at one time in Idaho?

The state legislature does not impose any limits on the number of payday loans issued to individuals, but the limitations are applied in sums: your cumulative loan should not surpass $1,000.

Here is how you calculate APR for your loan

  1. Divide the APR percentage by 100% and then by the number of days in the year
  2. Multiply the result by loan duration
  3. Multiply the result from step 2 by the loan amount – this is your loan cost
  4. Add the cost of the loan to the principal debt – this is your total payment due upon loan maturity

To illustrate how the formula works in practice, let us take a couple of examples:

Example 1

  • Loan Amount: $800
  • Loan Term: 31 days
  • APR (Annual Percentage Rate): 320%
  • Total Repayments: $1,017.42
  • Cost of Loan: $217.42

Example 2

  • Loan Amount: $250
  • Loan Term: 14 days
  • APR (Annual Percentage Rate): 500%
  • Total Repayments: $297.94
  • Cost of Loan: $47.94

In case you have a question to ask about how to receive a payday loan in Idaho with the approval on the same day and fast money deposit, our customer support is reachable through our Contacts page. We promise to reply within a few hours.

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