Payday Loans in Idaho
Idaho permits licensed payday loans with principal up to $1,000 and an additional 25%-of-gross-monthly-income limit. The law limits consecutive renewals and gives eligible borrowers a no-additional-cost extended payment plan.
Idaho legal category: Payday Loan · Idaho Credit Code, including Idaho Code §§28-46-412 through 28-46-414
Idaho payday loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Payday Loan
- Maximum amount in this regime
- $1,000
- Term
- The cited Idaho payday sections do not provide one universal term maximum that is safe to encode for every transaction; the written agreement and renewal/EPP provisions control.
- Regulator
- Idaho Department of Finance — Consumer Finance Bureau
- Verified
- 2026-09-07
Choose a loan type by amount
PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.
Payday Loans in Idaho
Editorial payday route subject to Idaho’s $1,000 principal ceiling and 25%-of-gross-monthly-income limit.
Installment Loans in Idaho
Editorial installment route. Actual legal pricing depends on the lender’s contract and Idaho Credit Code authority.
Amount and term limits
The principal amount of an Idaho payday loan may not exceed $1,000, and a payday loan may not exceed 25% of the borrower’s gross monthly income. Borrower-level outstanding-principal limits also apply across licensees.
The cited Idaho payday sections do not provide one universal term maximum that is safe to encode for every transaction; the written agreement and renewal/EPP provisions control.
Interest, fees and repayment
Because Idaho does not reduce payday pricing to one statutory percentage cap in the cited section, the page does not invent a maximum APR or fee formula.
Idaho requires the payday loan fee to be disclosed in dollars and as an APR but the cited payday section does not impose one fixed statewide percentage fee ceiling.
A borrower may obtain the statutory extended payment plan once in a 12-month period. The plan must provide at least four substantially equal payments over at least 60 days and generally may not add interest or fees because of the plan.
Rollovers, refinancing and early payment
- Rollover allowed?
- Yes
A payday loan may be renewed no more than three consecutive times. The same licensee or related licensee may not use the proceeds of a new payday loan to repay the existing payday loan in a way that evades the restrictions. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
No separate universal payday prepayment-penalty flag is encoded from the cited payday-specific sections.
Idaho borrower protections
- Payday principal may not exceed $1,000 and is also limited to 25% of gross monthly income.
- No more than three consecutive renewals are permitted.
- An eligible borrower may use an extended payment plan once in a 12-month period.
- The extended payment plan must provide at least four substantially equal payments over at least 60 days and generally adds no interest or fee because of the plan.
- Payday lenders must hold the appropriate Idaho license.
Idaho loan cost calculator
How to verify a lender in Idaho
Regulator: Idaho Department of Finance — Consumer Finance Bureau.
Payday Lender license under the Idaho Credit Code
Official sources
- Idaho Department of Finance — Consumer Credit · primary
- Idaho Code §28-46-412 — Payday loan amount and disclosures · primary
- Idaho Code §28-46-413 — Payday loan restrictions and renewals · primary
- Idaho Code §28-46-414 — Extended payment plan · primary
Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.