Installment Loans in Idaho

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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 may receive money in your bank account the same business day*.

As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.

Summary

Loan Amount: $200 to $2,000

Loan Type: Installment Loan

Loan Term: ~12 months

Funding: Same business day*

Pre-Payment Available: Yes

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How It Works

1. Submit Your Application

2. Get Approved♦

3. Get Money The Same Business Day*
Excellent  stars

Loan Details

Loan Amount

The amount you can borrow for an Idaho Installment Loan will range between $200 and $2,000. 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 295%. 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.

As you move through your credit journey, you may also be eligible for a reduced cost of credit and/or increased loan amounts based on your payment history over time†.

Term of Loan

Your loan payments typically start on your next payday and run for approximately 12 months. If you are paid monthly, you’ll have 11 scheduled installments. If you are paid weekly, bi-weekly, or semi-monthly, you’ll have 23 scheduled installments.

Here are some examples:

In this example, the APR is 290.89% for a loan of $550 with an effective date of 02/18/2021, payable in 23 bi-weekly installments.

  Annual Percentage Rate Finance Charge Amount Financed Total of Payments
 
The cost of your credit as a yearly rate

290.89%
The dollar amount the credit will cost you

$1,012.83
The amount of credit provided to you on your behalf

$550.00
The amount you will have paid after you have made all payments as scheduled

$1,562.83

Payment Schedule

Payment Date Payment Amount
03/05/2021 $67.96
03/19/2021 $67.96

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In this example, the APR is 290.41% for a loan of $550, with an effective date of 02/12/2021, payable in 11 monthly installments.

  Annual Percentage Rate Finance Charge Amount Financed Total of Payments
 
The cost of your credit as a yearly rate

290.41%
The dollar amount the credit will cost you

$911.59
The amount of credit provided to you on your behalf

$550.00
The amount you will have paid after you have made all payments as scheduled

$1,461.59

Payment Schedule

Payment Date Payment Amount
02/26/2021 $132.88
03/30/2021 $132.87

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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.

  • Where can I find short term loans near me?
  • If you need funds to help you deal with an emergency expense, an Installment Loan in Idaho through MoneyKey may be able to help. Submit an application online in just minutes and if approved, you may get the help you need as soon as the same business day*.
  • Can I get same day funding?

    If approved, funds may be deposited to your bank account the same 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 or Lines of Credit are available in the state that you currently live in.

Have more questions? Please refer to our general FAQs page or contact our Customer Care team at 1-866-255-1668.

We’ve helped over 400,000+ customers.Let us help you!

Not all applications are approved; duration of approval process may vary. Credit limits/loan amounts are subject to further verification criteria. If you are a returning customer, loan amounts may vary.

*If approved, any requested funds may typically be deposited into your bank account the same business day; timing of funding may vary by product and state. The date and time funds are made available to you by your bank are subject to your bank's policies. For specific funding cut-off times, click here.

**You may request a draw from your Line of Credit at any time, so long as you have available credit and your account is in good standing. In the State of South Carolina, you can withdraw the total credit available to you all at once, or in smaller amounts over time as you need it, with a required minimum draw of $610.

†As you move through your credit journey, your account may become eligible for reduced charges and/or increased credit limits/loan amounts based on good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

Depending on your state of residence, applications submitted on this website may be originated by one of several lenders, including: CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is provided by CC Flow. Additionally, CC Flow maintains critical control over loan origination, underwriting approvals, and regulatory and compliance oversight management. MoneyKey is an authorized servicer of CC Flow. This means the CC Flow Line of Credit is available through MoneyKey and you will maintain your CC Flow Line of Credit account through MoneyKey.

Product availability varies by state. To see loan products offered in your state of residence, please visit our Rates and Terms page.

MoneyKey – TX, Inc. is licensed as a Credit Access Business (CAB), License No. 16641-62815, by the Office of the Consumer Credit Commissioner and registered as a Credit Services Organization (CSO), Registration No. 20110150, by the State of Texas. All loans for which MoneyKey acts as a CSO/CAB are funded by an unaffiliated third-party lender and serviced by MoneyKey. In the State of California, MoneyKey – CA, Inc. is licensed by the Department of Financial Protection and Innovation pursuant to California Deferred Deposit Transaction Law License No.1004516.

Reviews and any ratings referenced are based on Trustpilot reviews. Images are for illustrative purposes only. Reviews reflect individuals’ opinions and may not be illustrative of all individual experiences with MoneyKey.

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