Idaho Finance Installment Loans FAQs
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■ What is an installment loan?
A loan that you pay back with fixed monthly payments. We will work out a payment plan that works for you and your budget.
■ Why get an installment loan?
If you have a financial emergency and need to borrow money immediately, we can get it to you fast. We can even help people with poor or bad credit get loans.
■ How much money can I borrow?
We can lend as low as $300 up to $5,000.
■ Do you check my credit?
Legally we do have to run a credit check, but we have successfully approved loans for people with bad credit.
■ What if I have poor or bad credit?
Don’t worry, we have a liberal credit policy. If you have bad credit, we can probably still help you with a loan.
■ How quickly can I get the cash?
We offer same day installment loans. Because we are direct lenders and you can apply online, we have a fast and easy process to get you the money.
■ Can I apply online?
Yes! Applying online is fast and easy. After you are approved for your personal loan, visit our Boise or Meridian office and we will finish up the paperwork.
■ What documents do I need?
State issued photo ID, proof of income (paystubs or entitlement letter), proof of address (utility bill, vehicle registration, etc.), 5 references: name, phone number, and address.
■ What do I need to do once I have applied online?
After you have applied online, your information will be submitted. A loan specialist will attempt to contact you to verify your information and explain the terms to you. Once you have spoken with our specialists and are approved we will have you come down with the requested documentation and fund your loan!
■ Can I pay off my loan early? Is there a penalty?
Yes you can pay it off early with no penalty. The faster you pay your loan back, the less you pay!
■ Why should I get an installment loan with Idaho Finance over a Payday Loan?
We have lower interest loans, work with you on a long-term monthly installment payment that fits your budget, and are safer. We report good credit and encourage you to pay back your loan faster and save money. There is no penalty for pre-paying.