Online Installment Loans in Idaho
If you’re looking for quick installment loans in Idaho from a reliable lender, MoneyKey may be able to help you. An Installment Loan is a short-term loan with payments that are spread out over time.
We make applying for online installment loans in Idaho fast and secure. We also have a fully-staffed, friendly and knowledgeable Customer Care team available 7 days a week to answer any loan-related questions you may have throughout the borrowing and repayment process.
Once you’re approved, you can receive money in your bank account as early as the next business day*.
Summary
Loan Amount: $150 to $1,000
Loan Type: Installment Loan
Loan Term: ~10 months
Funding: 1 business day*
Pre-Payment Available: Yes
Apply NowHow It Works
1. Submit Your Application
2. Get Approved
3. Get Money The Next Business Day*
Loan Details
Loan Amount
The amount you can borrow for an Idaho Installment Loan will range between $150 and $1,000. After we review your application, we’ll let you know if you’re approved and how much you may qualify for.
Cost of Loan
Interest will be charged on your MoneyKey Idaho Installment Loan, with a maximum annual percentage rate (APR) of 505%. Your APR will depend on your exact payment schedule, which is available in your loan agreement. See the below examples for common MoneyKey loans in Idaho and their corresponding APRs.
This loan is an expensive form of credit and is not intended to meet long-term financial needs. MoneyKey urges you to use this product responsibly.
Term of Loan
Your loan payments typically start on your next payday and run for approximately 10 months. If you are paid monthly, you’ll have 10 scheduled installments. If you are paid weekly, bi-weekly, or semi-monthly, you’ll have 20 scheduled installments.
Here are some examples:
In this example, the APR is 479.71% for a loan of $500 with an effective date of 01/02/2018, payable in 20 bi-weekly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments | |
|---|---|---|---|---|
The cost of your credit as a yearly rate 479.71% | The dollar amount the credit will cost you $1,485.47 | The amount of credit provided to you on your behalf $500.00 | The amount you will have paid after you have made all payments as scheduled $1,985.47 |
Payment Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 01/19/2018 | $99.26 | |
| 02/02/2018 | $99.25 | |
View More | ||
In this example, the APR is 476.62% for a loan of $500, with an effective date of 01/02/2018, payable in 10 monthly installments.
| Annual Percentage Rate | Finance Charge | Amount Financed | Total of Payments | |
|---|---|---|---|---|
The cost of your credit as a yearly rate 476.62% | The dollar amount the credit will cost you $1,296.67 | The amount of credit provided to you on your behalf $500.00 | The amount you will have paid after you have made all payments as scheduled $1,796.67 |
Payment Schedule
| Payment Date | Payment Amount | |
|---|---|---|
| 01/17/2018 | $179.58 | |
| 02/21/2018 | $179.58 | |
View More | ||
State License
MoneyKey is a state-licensed direct lender in Idaho. Loans are funded by MoneyKey – ID, Inc. and governed by all applicable laws in Idaho. For more information on the license status of MoneyKey – ID, Inc., please visit the Idaho Department of Finance’s website or call (208) 332-8000.
Online Installment Loans in Idaho: Frequently Asked Questions
How do I qualify for a loan?
To qualify for a MoneyKey Installment Loan in Idaho, you must:
- Be at least 18 years old
- Be a US citizen or a permanent resident
- Be a resident of Idaho
- Have an active bank account
- Have a regular source of income
- Have a valid contact number and an active email address
Please note that we currently do not offer credit products with rates that allow us to lend to covered members of the US armed forces and their dependents
Is this a payday loan?
No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. This is an installment loan, which is different because unlike a payday loan, no lump-sum payment is required. With an installment loan, you pay back the loan in installments over time until it is paid off.
Can I get same day funding?
If approved, we’ll typically deposit the money in your account the next business day*.
Can I pay my loan off early?
Yes, and there’s no penalty to pay off your Idaho Installment Loan earlier than scheduled. If you’d like to make an early payment, or a larger payment to pay down more of your principal, you may do so by calling us at 1-866-255-1668 or emailing customercare@moneykey.com. We encourage you to pay your loan off as quickly as possible as doing so may reduce the total finance charges you’ll pay.
I don’t live in Idaho, can I still apply for an online installment loan?
To be eligible for an Idaho Installment Loan, you need to be a resident of Idaho. Our customers come from across the state, from Boise in the West to Idaho Falls in the East, and towns in between like Pocatello. Wherever you live in Idaho, MoneyKey is here for you.
If you live in another state, please check our rates page to see if other online loans such as Installment Loans, Payday Loans or Lines of Credit are available in the state that you currently live in.
Have more questions? Please refer to our general FAQ page or contact our Customer Care team at 1-866-255-1668.
