Best Personal Loans in Boise, ID: Top Lenders & Best Picks for You

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Edited byMargarita Barresi

Updated: December 28, 2023

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MoneyGeek's Picks for Best Personal Loan Lenders in Boise, ID

The best personal loan for you will depend on your particular needs and situation. To help you select the best personal loan lender in Boise, MoneyGeek considered more than 30 data points, including loan amounts, APR ranges, repayment lengths, penalties and other fees.

We also researched factors that affect your chances of getting approved, such as your gross income, credit score and debt-to-income ratio. Browse through our top picks for borrowers with bad credit, those with good credit and those who want to consolidate debt or finance home improvements to find which option meets your needs.


Best Overall Personal Loan Lender in Boise: LightStream


Best Personal Loan Lender for Bad Credit in Boise: Upstart


Best Personal Loan Lender for Good Credit in Boise: SoFi


Best Personal Loan Lender for Debt Consolidation in Boise: Upgrade


Best Personal Loan Lender for Home Improvement in Boise: Best Egg


Where to Start: How to Choose the Best Personal Loan Lender in Boise for You

You can use personal loans for various purposes, including funding your dream vacation or home improvements. They can also be ideal for individuals looking to consolidate debts or finance a major purchase.

Although the average personal loan debt in Idaho is $12,562, your actual loan amount will depend on your needs and borrower profile. Several factors, such as your credit history and employment details, also play a significant role in getting your loan application approved.

Below, MoneyGeek listed some important steps to help you choose the best personal loan lender in Boise.


Ask Yourself the Important Questions

Address the following questions before applying for a personal loan:

  • How much money do you need? Whether you’re using a personal loan for home improvements or debt consolidation, determine how much funding you’ll need. A small loan may not be enough, but you risk putting yourself in a tight financial spot if you borrow a larger amount at a high rate.
  • What is your credit score? Some lenders accept applicants with poor credit scores but charge them higher interest rates.
  • Can you afford the monthly payment? Assess your financial situation and determine if your source of income can cover the monthly payments for the life of your loan.
  • Do you have existing debts? A personal loan may not be a good idea if you already have debts.

Do Your Research

A personal loan requires a long-term commitment. Like with any important decision, it’s critical to conduct your own research and find all the options available.

Visit the websites of Boise lenders and take note of their loan amount limits, APR ranges, repayment terms and eligibility requirements. Gathering all the important details will help you weigh your options and decide on the best one for your needs.

Although MoneyGeek has presented recommendations for different borrower profiles, they may not suit your particular situation. That’s why it’s best to explore other options not included in this guide.



After choosing the personal loan lender that meets your needs, hold off on submitting a loan application. MoneyGeek strongly recommends waiting a few days to evaluate your current financial situation and determine whether taking out a personal loan is the right decision. By doing this, you may find an alternative option that doesn’t require paying a high interest rate for two to four years on average.


Read the Fine Print

Once you’ve decided on a lender, take the time to read and understand the loan agreement’s fine print. Find out if the lender charges a fee for processing your loan, making late payments or repaying a loan early. Keep in mind that additional fees can increase your monthly payments. Also, check if there’s an autopay discount. Knowing all the additional fees can help you avoid financial trouble over the lifetime of your loan.



After covering all your bases, it’s time to apply. You’ll need to submit certain information, such as your personal details, address verification and proof of income. Some choose to apply online for convenience, but you can also visit or call your lender if the option is available.

What to Do if You Can’t Get a Personal Loan in Boise

Getting your personal loan application denied may be disheartening, especially if you were already set on using it to fund your dream vacation or home improvement project. It’s important to remember that loan applications get rejected for various reasons, including low credit score and insufficient income.

Reach out to your lender and ask why you weren’t approved. See whether it’s possible to modify certain details in your application, like the loan amount or repayment terms, to make it more attractive to the lender.

If your lender’s decision is final, you can look for a loan from a different company. It’s best to wait and improve the factor that caused your application to be rejected before doing this. Otherwise, you risk getting denied again.

Payday loans may seem like an attractive option if you need money right away. However, MoneyGeek advises against them due to their high interest rates and shorter repayment period.

Frequently Asked Questions About Personal Loans in Boise

There are various personal loan lenders in Boise, but the best option for you will depend on your particular needs and various credit and income factors. To help you in your personal loan journey, MoneyGeek answered some frequently asked questions below.

MoneyGeek selected LightStream as the best personal loan lender in Boise. However, the best company for you may vary depending on your borrower profile.

Upstart provides the lowest interest rate for personal loans in Boise.

You can typically use your personal loan for vacation expenses.

Yes, you can. One of the most common uses of personal loans is to finance home improvement projects. In Boise, Best Egg is the best personal loan lender for this purpose.

Loan usage restrictions tend to vary per lender. It’s best to ask your chosen lender for its usage terms before applying.

In Boise, you can borrow as little as $1,000 or as much as $100,000.

Some lenders release funds on the same day of application; others take two days or more.

Some lenders charge a penalty when you pay off your loan early. Confirm with your lender if this fee is included in your loan agreement.

Our Personal Loan Methodology


MoneyGeek analyzed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, customer service, flexibility, consumer friendliness and lender transparency.

For each category in this guide, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These include available loan amounts, APR ranges, application fees, minimum credit score, minimum gross income and disbursement time.

MoneyGeek values every consumer, so we also examined each lender’s customer support, business ratings and additional features that help make your experience easier and more accessible, like prequalifications, mobile apps and payment options.

Ultimately, we determined our top picks with your best interests in mind. Our personal loan recommendations and expert tips are meant to help you make the best financial decision when choosing a lender that meets your unique needs.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.