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Rates and Terms for Idaho
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| Loan Amounts: |
The maximum loan amount for Idaho residents is $1000.00 plus allowable fees.
Based on your income and other factors, loan limits will be determined on an individual basis. |
| Term of Loan: |
14 Days |
| Permitted Fees: |
$22.50 per $100.00 borrowed.
The Annual Percentage Rate (“APR”) will vary depending on the length of your loan (see table below). Please see your loan agreement for the APR and other terms applicable to your loan. |
| Renewal: |
If you do not wish to repay your loan on the due date you may renew your payday loan until your next payday. You have the option of extending your payday loan a maximum of 3 consecutive times, after which the payday loan must be paid in full.
For each renewal, we shall terminate the Loan Agreement and sign a new agreement. We will charge twenty two and a half percent (22.5 percent) of the Amount Financed to renew the payday loan. You may request a renewal by calling our toll free customer service line or by using the “Extend” option available through our website when you login to your account.
You may request these changes by logging into your online account and or by calling a customer service representative. Extension requests must be received by 7:00 PM Mountain Time on the business day before your loan is due. |
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Additional Information:
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- Payday loans are intended to address short-term, not long-term, financial needs.
- The borrower will be required to pay additional fees if the payday loan is renewed rather than paid in full when due.
- The borrower has the right to rescind the payday loan at no cost no later than the end of the next business day following the day on which the payday loan is made.
- Payday loans may contain high-cost features, and borrowers should consider alternative lower-cost loans.
- If you believe that the lender has violated the law, you may file a written complaint with the Idaho department of finance. filing a complaint does not limit nor impair any rights you may have against the lender.
- The borrower has a one-time right during any consecutive twelve (12) month period to convert a payday loan into an extended payment plan.
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Example APR and Fee Schedule:
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The table below shows the Annual Percentage Rate (“APR %”) and Fees Charged for loan amounts ranging from $100 to $1,000 and loan terms 14 days in length. |
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Amount
Borrowed |
Fees Charged |
Amount Due |
Days |
APR% |
| $100.00 |
$22.50 |
$122.50 |
14 |
586.61% |
| $150.00 |
$33.75 |
$183.75 |
14 |
586.61% |
| $200.00 |
$45.00 |
$245.00 |
14 |
586.61% |
| $250.00 |
$56.25 |
$306.25 |
14 |
586.61% |
| $300.00 |
$67.50 |
$367.50 |
14 |
586.61% |
| $350.00 |
$78.75 |
$428.75 |
14 |
586.61% |
| $400.00 |
$90.00 |
$490.00 |
14 |
586.61% |
| $450.00 |
$101.25 |
$551.25 |
14 |
586.61% |
| $500.00 |
$112.50 |
$612.50 |
14 |
586.61% |
| $550.00 |
$123.75 |
$673.75 |
14 |
586.61% |
| $600.00 |
$135.00 |
$735.00 |
14 |
586.61% |
| $650.00 |
$146.25 |
$796.25 |
14 |
586.61% |
| $700.00 |
$157.50 |
$857.50 |
14 |
586.61% |
| $750.00 |
$168.75 |
$918.75 |
14 |
586.61% |
| $800.00 |
$180.00 |
$980.00 |
14 |
586.61% |
| $850.00 |
$191.25 |
$1,041.25 |
14 |
586.61% |
| $900.00 |
$202.50 |
$1,102.50 |
14 |
586.61% |
| $950.00 |
$213.75 |
$1,163.75 |
14 |
586.61% |
| $1,000.00 |
$225.00 |
$1,225.00 |
14 |
586.61% |
Finance Charge $22.50 per $100.00 borrowed.
Please see your loan agreement for the APR and other terms applicable to your loan. |
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Loan License and Registration:
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We are licensed and regulated by Idaho Department of Finance
Address:Â Consumer Credit Section, 700 West State Street, 2nd Floor Boise ID 83702
Phone:Â (208) 332-8000
Fax:Â (208) 332-8099
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