Nicknamed "The Gem State, Idaho is home to one-third of the potato crop of the United States as well as over 1.7 million hard-working Americans. With industries ranging from agriculture to science and technology, Idaho remains a diverse state with people in all types of financial situations. We've spent many summers in the Coeur d'Alene area hiking, wake boating, and enjoying the long hot days. The golfing and fishing is great in the summer and skiing or snowboarding are first class in Sun Valley and Schweitzer.

One common issue that many people in Idaho struggle with is finding a good paying job outside of the service industry and earning a level of income to afford all of the year-round fun. If you're looking for some money to help with a project, a new car, wedding or just need a holiday, this is where America Loan Service comes in. We are here to help connect you to the best lenders in Idaho to accomplish your financial goals today.

By entering your zip code into the simple lender connection tool, America Loan Service can connect you to the best lenders in your area. We lay out all the information that you need in a clear and concise list so that you can see all your options when deciding on a personal loan near Idaho. Once you have entered your loan amount and zip code, only that lenders that operate in your state will appear. 

When deciding on a loan, first consider whether you need an unsecured personal loan or a secured loan. In Idaho, unsecured personal loans have a maximum repayment time of 7 years and cap out at $100,000. If this doesn’t suit your needs, consider a secured loan. These include auto loans, home equity loans, and home equity lines of credit. These can be drawn against for up to 20 years before repayment and can be as high as 70-90% of the equity in your home. These loans can be a huge helper in your finances, often used for consolidating debt from credit cards or educational loans, purchasing a new or used vehicle, or even buying or upgrading your home. Just by using our simple lender connection tool, I can see lenders in Idaho offering up to $50,000 starting from 6.87% APR for credit scores above 620. Our goal is to give you options, allowing you to make an informed decision that fits your needs perfectly.

The majority of Idaho residents lie in the 35-54 age range, those that are dealing with high educational loans as well as mortgages that seem to eat up all your income. Whether you are finding your first mortgage or refinancing an existing one, our lenders can guide you through the process so that you can get back to all that Idaho has to offer.

Quick Personal Loan Information in Idaho

Access Over 100 Lenders With One Application

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ALS Detailed Review

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The America Loan Service online request form connects consumers to hundreds of personal loan lenders at one time with rates starting at 5.99%. The service is designed to connect consumers based on lender credit criteria. 

The process is very simple:

  • Fill out the short form, it is safe and secure
  • See if you are approved in real time from a large network of lenders
  • Check your bank account to see if the money arrived as early as the next business day if you are approved

Quick Snapshot

  • Loan Amounts: $1000 to $35,000 
  • Credit Score:  580+
  • APR:  See ALS Detailed Review for up to date APR information
  • Terms:  3 to 36 months
  • Fees: Vary by the lender

The lenders will review your request quickly to determine whether your information meets the lender's loan qualification criteria. You will receive notice within a few minutes if there is a lender interested in discussing a loan. Loans are normally funded within 1-5 business days depending on the lender and if they have all information required to fund.

If a lender is satisfied with all of the information with your request and has decided to offer you a loan, you will be directed to the lender's website. At this point, you will leave America Loan Service and we recommend that you review the terms and conditions of the lender. Take your time to go through all of the information from the loan provider. We recommend that you ask every question to be sure you fully understand the loan. The lender should explain the following information:

  • Loan amount offered
  • Finance charge and fees
  • Annual percentage rate (APR)
  • Loan term
  • Payment schedule 

Upgrade Detailed Review

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Quick Snapshot

  • Loan Amounts:  $1,000 to $50,000 
  • Credit Score:  620+
  • APR:  See Upgrade Detailed Review for up to date APR information
  • Terms:  36 to 60 months
  • Fees:  1% to 6% Origination Fee and will vary by loan term
  • Check this out Idaho
    • Debt to income of 50%
    • Funds will be sent to your bank via ACH within one (1) business day of clearing necessary verifications.
    • Unsecured Line Of Credit to $50,000 (coming soon)


SoFi Detailed Review

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Quick Snapshot

  • Loan Amounts:  $5,000 to $100,000 
  • Credit Score:  660+
  • APR:  See SoFi Detailed Review for up to date APR information
  • Terms:  3,4,5,6, or 7 years
  • Fees:  No application fees, no origination fees, and no prepayment penalties
  • Check this out Idaho
    • Will consider borrowers with limited credit history with great cash flow
    • Unemployment protection: If you lose your job, SoFi will temporarily pause your payments and help you find a new job (unique to SoFi. Check out their disclaimer on the SoFi website for full details)

Earnest Detailed Review

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Quick Snapshot

  • Loan Amounts:  $5000 to $75,000 
  • Credit Score:  680+ 
  • APR:  See Earnest Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees:  No fees for origination, prepayment, or loan disbursement
  • Check this out Idaho
    • Earnest Offers Lower Rates Through Better Data: The Earnest driven application process gives extra credit for financial responsibility
    • Soft Pull only to start
    • Faster response times because they use technology to improve and accelerate their decisions
    • Lifetime service provided in‐house. Unlike other lenders, Earnest will never pass you off to third-­‐party services

Payoff Detailed Review

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Quick Snapshot

  • Loan Amounts:  $5000 to $35,000 
  • Credit Score:  660+ 
  • APR:  See Payoff Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees:  No fees for origination, prepayment, or loan disbursement
  • Check this out Idaho
    • Payoff is a team of financial services professionals, research and clinical psychologists, data scientists, neuroscientists, Member Advocates and technology experts working together to better understand and accelerate people’s journey toward financial wellness.
    • Soft Pull only to start
    • Specialize in consolidating credit card debt

LendingPoint Detailed Review

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Quick Snapshot

  • Loan Amounts:  $2000 to $25,000 
  • Credit Score:  590+ 
  • APR:   See LendingPoint Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees:  Origination fees range from 0 to 6%
  • Check this out Idaho
    • The company specializes in fair credit loans starting at 590+.  
    • Soft Pull only to start
    • Was established in 2014 offering personal loans throughout America. The company is based in Kennesaw Georgia and has an A+ rating with the BBB.

Freedomplus Detailed Review

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Quick Snapshot

  • Loan Amounts:  $10,000 to $35,000 
  • Credit Score:  600+  Rates decrease with a qualified Co-signer or a retirement fund with a minimum of $40,000
  • APR:  See freedomplus Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees:  Origination fees range from 0 to 5%
  • Check this out Idaho
    • Offering co-signer loans
    • Minimum income of $30,000 to apply
    • Soft Pull only to start
    • Debt to income of 40%

Credible Detailed Review

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Quick Snapshot

  • Loan Amounts:  $1000 to $50,000 
  • Credit Score:  640+ 
  • APR: See Credible Detailed Review for up to date APR information
  • Terms:  2 to 5 years
  • Fees:  Fees will vary by lender
  • Check this out Idaho
    • Apply once to Lending Club, Prosper, Avant, Upstart, FreedomPlus, Payoff, Best Egg
    • Soft Pull only to start
    • Unemployment protection: If you lose your job, SoFi will temporarily pause your payments and help you find a new job (unique to SoFi. Check out their disclaimer on the SoFi website for full details

Secured Personal Loans

  1. Usually a larger loan amount
  2. Access to capital can take longer if the asset used for security requires an appraisal.

Secured auto loans are processed quickly with lower interest rates because the vehicle secures the loan.

A home loan equity loan or Home Equity Line of Credit (HELOC) is an excellent option for higher loan amounts and you have the time to wait. For many people that have just purchased their home or if the equity is not available to secure a home equity loan, an unsecured personal loan can get the job done and it can be completed very quickly.

When to consider a Secured Loan and Line of Credit

Secured Loan

Secured loans and lines of credit are protected against assets and provide the lenders the ability to increase the borrowing amount, lower interest rates and work with a lower credit score. The main advantage of a secured loan is that you can access more capital when you use an asset to protect the lender. Secured loans require collateral and the process can be longer as the collateral must be verified by the lending institution. This step can be well worth your time when you receive lower interest rates. If you need a larger amount of capital for debt consolidation or home repairs, you may want a Home Equity line of credit or secured loan. If you have a low credit score, the lender is usually more willing to lend you money as they have security that they could take to repay the loan.

Where to find the best Secured Loan

LendingTree is a great option for those looking for a secured loan with over 1500 providers to choose from. 

Business Loan vs. Personal Loan

When you're just starting your business or made a big sale, you may need a cash injection. If your business in grossing over $50,000 annually, you can qualify for a loan using for business for security even with a poor credit score as low as 500.

Small business loans can be taken with your name as collateral for secured or unsecured loans.

The Difference between Secured and Unsecured Personal Loans

A personal loan is unsecured based on your signature and credit report where a secured personal loan is protected by the collateral you provide. Typical uses of unsecured loans are credit cards, lines of credit, student loans and personal loans for debt consolidation and home improvements. A secured loan collateral may be the item you’re purchasing an RV or vehicle that the lender is securing. In many cases, a secured loan could also be referred to as a home equity loan as they both require collateral. The home equity loan is your house as the collateral and lenders feel secure in that none of us want to risk losing our home. Interest rates may be less with a secured loan as the lender is taking less risk in the transaction. If you are not taking out a lot of credit, a secured loan may be the way for you to go if it saves you money in interest over the long term.

Net-Worth Statement to prepare for a Personal Loan from a Bank

If you decide to go to a bank to apply for a personal secured or unsecured loan, you will need to complete a personal net worth statement. This link will offer you an example of what most banks will be looking for today. You can also go online to the bank you are planning on using and they may have their net worth documentation online. This may save you a trip back to the bank if you have this prepared before you go. Completing a net-worth statement will also help you understand the positive and negative issues the lender will question. Take the time to answer these questions before you get to the bank. The person you are talking to will need to forward information up to the bank's risk assessment group. In most cases, they are not making the decision, only passing along what you are telling them. Write out your explanation or email it to the bank so it is easy for the lender to get the information into the right hands. Remember that we are all responsible for our own financial futures and if we don’t look after it, someone else will.

Electronic Records

Online lenders will require that you agree to the use of electronic records. As the entire transaction is completed online, the lenders are sending and receiving your private information over the Internet. Read the statement of the use of Electronic records to make sure you are comfortable with any lenders policies and their terms of use. 

Bad Credit Options in Idaho

Usury laws are the protections put in place to protect struggling consumers from predatory interest rates charged by less-than-reputable lenders. Idaho sets the maximum interest rate for general loans at 12%, however, there are a long list of exceptions to this law that are regulated differently at the federal level.

Things like mortgages, credit cards, home equity loans, business loans, auto leases, second mortgages, and home equity lines of credit are all exempt from Idaho’s 12% interest cap. These types of loans are regulated at a federal level and can have much higher interest rates than 12% at times. For more information as well as a complete list of exemptions, check out the link below this article titled “Exemptions to the Usury Law” from the Washington Department of Financial Institutions.

While lenders are more than happy to work with you in Idaho with a credit score above 600+, it can be extremely difficult to find loans when you have bad credit. One of the first things we recommend to those suffering under bad credit is to acquire a secured credit card to begin rebuilding your credit. While a secured card is a good jumping off point, we highly recommend speaking to a credit management specialist, our favorite being Novita.

Novita was built for Americans with chronic financial troubles, whether from bad credit, overspending, or financial emergencies. Novita is a Personal Financial Guide that identifies and demonstrates how you can prevent or fix your financial issues yourself. Unlike other personal financial services, Novita gives you actions to perform instead of numbers to look at.

We choose to recommend Novita not just because of their excellent pricing, but because they focus intently on fixing the bad spending habits that cause poor credit in the first place. With Novita, not only will you repair your credit, but you can prevent yourself from falling into bad credit again.

It doesn’t matter if your loan is used to kick off a big project, treat yourself to a vacation, or even just keep up with the bills, America Loan Service can connect you to the right lenders so that you know all your options. In a state moving as quickly as Idaho, it’s important to have time to slow down and appreciate the beautiful state around you. Our lender connection tool makes it fast and easy to find the perfect loan for any situation Idaho throws at you.

  1. TIME Magazine average debt at every age - TIME Magazine average debt at every age acquired July 2018
  2. Exceptions to the usury law - Exceptions to the usury law
  3. Population distribution by age - Population distribution by age Acquired July 2018
  4. Idaho Usury Laws - Idaho Usury Laws Acquired July 2018