Best Low-Income Loans in Idaho: Top Lenders and Rates for 2024

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Edited bySarah Mattie
Edited bySarah Mattie

Updated: December 28, 2023

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Best Low-Income Loan Lenders in Idaho

MoneyGeek studied over 30 data points to rank the best low-income loans in Idaho. We reviewed APRs, loan amounts, terms, credit score needs and more to see which lenders may be best.

Upgrade stands out as Idaho's best loan provider for low-income borrowers. However, the best company varies depending on the borrower’s profile. Upstart is our pick for people with bad credit, and Prosper offers the best loans for those with good credit.

Best Overall Low-Income Loan in Idaho: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    MoneyGeek’s research shows Upgrade is Idaho’s best low-income loan provider. It has provided loans and credit cards to over 15 million users since 2017.

    With Upgrade, you can borrow anywhere from $1,000 to $50,000 and repay it in up to 60 months. This is convenient if you only want a small loan or you’re looking for a longer repayment term.

    Our research has found people can qualify for an Upgrade loan despite having a credit score of 560. This lender only conducts a soft credit pull, so you can get a quote without hurting your ratings. Additionally, Upgrade claims it can fund loans within the day of application.

    Although Upgrade doesn’t charge prepayment fees, its loans carry an origination fee. Moreover, its interest rates can go as high as 35.47%.


    • Performs soft credit pull
    • Fast processing time
    • No prepayment fee
    • Minimum loan amount of $1,000


    • Charges 1.85% to 8% origination fee
    • High maximum APR
    • Late payment penalty
    • APR range: 5.94% to 35.47%
    • Minimum/maximum loan amount: $1,000 to $50,000
    • Minimum credit requirements: 560
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Same day

Runner-Up for Best Low-Income Loan in Idaho: LendingClub

  • LendingClub

    • 7.04% to 35.89%APR Range
    • 600Minimum Credit Score
    • $1,000 to $40,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    LendingClub is a fintech company that was founded in 2007. It offers personal, business and institutional financial products and has serviced more than four million members.

    MoneyGeek’s analysis shows LendingClub is the runner-up low-income loan provider in Idaho.

    The company lets you borrow up to $40,000 in personal loans, payable for up to 60 months. Although its offer isn't the most flexible in the market, this lender accepts joint applications, which is helpful if you’re a low-income earner.

    LendingClub charges a 3% to 6% origination fee, and its interest rate can go as high as 36%. Luckily, the company only performs soft credit checks and can fund loans within 24 hours.


    • Accepts joint loans
    • Fair credit can get loans
    • 24-hour funding time
    • Performs soft credit checks
    • Pays creditors directly


    • Has origination fee
    • Potentially high interest rate
    • Limited loan amount
    • APR range: 7.04% to 35.89%
    • Minimum/maximum loan amount: $1,000 to $40,000
    • Minimum credit requirements: 600
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Within 24 hours

Best Low-Income Loan for Bad Credit in Idaho: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Having bad credit and a low income may limit your loan options. Nonetheless, MoneyGeek’s analysis shows Upstart offers the best low-income loans in Idaho for people with bad credit.

    Founded in 2012, Upstart is one of the first lenders to consider factors beyond a borrower’s FICO score. It uses artificial intelligence and studies unusual factors to determine creditworthiness. These factors include education, employment and more.

    Upstart lets you borrow up to $50,000 in personal loans, payable in 60 months.

    You can see your interest rate with Upstart through a soft credit pull, and the company can fund loans within the next day. However, its loans come with origination fees and potentially high interest rates.


    • Borrowers with bad credit may apply
    • Assesses applicants using nonconventional factors
    • Performs soft credit pulls
    • No prepayment penalty


    • Has origination fee
    • High maximum APR
    • APR range: 3.22% to 35.99%
    • Minimum/maximum loan amount: $1,000 to $50,000
    • Minimum credit requirements: 300 (uses nonconventional factors)
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Next business day

Best Low-Income Loan for Good Credit in Idaho: Prosper

  • Prosper

    • 7.95% to 35.99%APR Range
    • 640Minimum Credit Score
    • $2,000 to $40,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds

    Borrowers with good credit usually have better access to loan providers. Prosper is MoneyGeek’s pick as the best low-income provider in Idaho if you have a good credit score.

    When it was founded in 2005, Prosper was the first peer-to-peer lending platform in the U.S. It has since processed over $22 billion in loans for more than 1.36 million people.

    Prosper lets you get a personal loan ranging from $2,000 to $40,000. You can receive the funds immediately and repay the loan in up to 60 months. Moreover, this company only conducts a soft credit pull to determine your rates.

    You need a credit score of at least 640 to qualify for a Prosper loan (although you can get a co-applicant). You’ll also have to deal with multiple fees, including origination, late payment, check payment and insufficient funds.


    • Fast processing times
    • Conducts soft inquiries
    • Accepts co-applicants
    • No prepayment fees


    • Charges multiple fees
    • Good credit score requirement
    • APR range: 7.95% to 35.99%
    • Minimum/maximum loan amount: $2,000 to $40,000
    • Minimum credit requirements: 640
    • Repayment terms: 36 to 60 months
    • Time to receive funds: Same day

How to Choose the Best Low-Income Loan in Idaho for You

If you’re a low-income earner in Idaho, know that you can still get a personal loan to fund your emergency expenses or consolidate your debt. In fact, the average personal loan amount in the state is $12,562.

However, MoneyGeek recommends reviewing some factors before you apply for a low-income loan in Idaho. To do so, follow the five steps outlined below.

Ask Yourself the Important Questions

It’s a good idea to ask yourself these important questions before you proceed with your loan application:

  • How much funding do you need? Calculate the exact amount. Remember, personal loans are repaid with interest, and borrowing more than you need will likely result in unnecessary interest payments.
  • What’s your credit score? Lenders usually have minimum credit requirements. Know your credit score to assess if you qualify with a company.
  • Can you afford the monthly payments? Check your monthly cash flow and verify if you can afford your potential loan payments.
  • Do you have existing debts? Your debt-to-income (DTI) ratio is one of the factors companies check when determining your creditworthiness. So, you may have difficulty getting loan approval if you have a lot of debt.
  • Is your debt manageable through other means? If you’re looking to repay your debt with a personal loan, you may have other options available to you. For example, you could consider selling assets or transferring your balance to a 0% APR credit card.
Do Your Research

It’s important to research your options before you commit to a personal loan. Read offers from several lenders and check various resources to get an idea of the company’s overall value proposition.

You may use our picks to find the best low-income lenders in Idaho. But it’s still best to do your own research since our rankings are only based on generalizations.


We recommend waiting a day or two before you finalize your decision.

Remember, personal loans are repaid with interest over several years. The average interest rate for personal loans in Idaho is 7.07%, but yours may be higher or lower. To be sure you get the best rate, you need to know all about the loan you want.

By waiting, you’ll gain a more objective understanding of the situation and identify issues you may have missed when you first made your choice.

Read the Fine Print

Besides waiting, we also suggest reading the lender’s fine print to find the important details buried under the company’s marketing slogans.

Double-check the loan's fees. Although prepayment fees are uncommon, most low-income lenders in Idaho charge origination fees.

Likewise, check for loan restrictions, as some lenders prohibit you from using your loan for certain purposes.

You can avoid costly fees and a bad customer experience by reading the fine print.


If you’re already satisfied with your preferred lender, you can start applying for the loan.

Gathering the documents you'll need before going to the bank is a good idea. Most lenders ask for documents about your identity, address and income, but you may be required to provide more depending on your profile.

Most lenders have online application processes. Nonetheless, you can call or visit a branch to clarify details about your loan. Proceed with the process you’re most comfortable with.

What to Do if You Can’t Get a Low-Income Loan in Idaho

Your low-income loan in Idaho can get denied. Lenders typically decline applications due to low credit scores, insufficient income or incomplete requirements. But if it happens to you, your loan application journey doesn't need to end there.

You can reach out to the loan company and ask for the exact reason why your loan was rejected. Then, see if adjusting the loan amount or repayment term may make them reconsider your application.

Although you can go to another company and file a new application immediately, we discourage you from doing so. If the first lender's issue remains unresolved, chances are you’ll get another rejection.

Instead, we recommend improving your credit profile and resolving the problems the first lender brought up. For example, you may have to repay some existing debts or find a way to increase your income. Additionally, getting a co-applicant may improve your chances of securing approval.

No matter how desperate you are, stay away from payday loans. With such loans, you'll only end up deeper in debt due to their high interest rates and short repayment terms.

Calculate Your Monthly Payment

Personal loans are usually repaid in monthly installments and with interest. You can use MoneyGeek’s personal loan calculator to help calculate if you’re financially prepared to take out a low-income loan.


FAQs About Low-Income Loans in Idaho

MoneyGeek answered some frequently asked questions about low-income loans in Idaho to help you find the best offers available.

What is the best low-income loan lender in Idaho?
Which lender in Idaho has the lowest interest rates for low-income?
What kind of debts can I not use my low-income loan for in Idaho?
How much debt can I consolidate in Idaho?
How long does it take to get a low-income loan in Idaho?
Can I pay off my loan early in Idaho?


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MoneyGeek studied over 30 personal loan companies and went through at least 35 data points across six categories: accessibility, consumer friendliness, customer service, flexibility, lender transparency and loan affordability.

Our team analyzed several essential data points within each ranking category for borrowers choosing a personal loan lender. These factors include application fees, APR ranges, credit score requirements, disbursement times, loan amount and minimum income amount.

At MoneyGeek, we value you, the consumer. So, we also check the lender’s customer support, business ratings and additional features to make your experience smoother. This includes the company’s prequalification process, payment options and mobile apps.

After careful consideration and calculation, our picks are chosen with your best interests in mind. Our personal loan recommendations and expert tips are meant to help you make smart financial decisions when choosing a lender.

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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.