Idaho Payday & Small-Dollar Loan Laws
Payday loans legal
Idaho has no rate cap on payday loans and permits loans up to $1,000 or 25% of monthly gross income, whichever is less.
Idaho Lending Overview
Idaho state law permits payday lending without a statutory limit on annual percentage rates or finance charges. Borrowers can access loans up to $1,000 or 25% of their gross monthly income, whichever amount is smaller. While there is no established maximum term for these agreements, state regulations require lenders to provide written disclosures regarding all fees and interest costs before a contract is signed. This regulatory environment allows for significant flexibility in how lenders structure short-term credit products.
Residents often utilize various financing options such as payday loans, fixed-rate installment loans, and unsecured personal loans to cover emergency expenses or bridge gaps between paychecks. Because the state does not cap interest rates on small-dollar credit, the total cost of borrowing can vary significantly between different providers and loan types. Many consumers compare these local options against traditional bank loans or credit union products when seeking financial assistance for immediate needs.
Maximum loan amount
$1,000 or 25% of gross monthly income
Maximum loan term
No statutory maximum
Maximum APR / finance charge
No statutory APR cap
Rollover / renewal rule
3 rollovers allowed
Cooling-off period
None required
Governing statute
Idaho Code § 28-46
Who regulates lenders in Idaho
Idaho Department of Finance
File a complaint with the regulator above if a lender violates state law. You can also file with the CFPB.
Idaho loan options
Other state loan laws
Reviewed by Darnell Pierce, MBA. Last reviewed January 2026. This page is informational, not legal advice — verify current rules with the state regulator before borrowing.