Best Low-Income Loans in Idaho: Top Lenders and Rates for 2024
Updated: December 28, 2023
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- Best Overall Low-Income Loan Lender in Idaho
- Runner-Up for Best Overall Low-Income Loan Lender in Idaho
- Best Low-Income Loan Lender for Bad Credit in Idaho
- Best Low-Income Loan Lender for Good Credit in Idaho
- How to Choose the Right Personal Loan for You
- What to Do if You Can’t Get a Low-Income Loan in Idaho
- Calculate Your Monthly Payment
- Frequently Asked Questions About Personal Loans in Idaho
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
Runner-Up for Best Low-Income Loan in Idaho: LendingClub
Best Low-Income Loan for Bad Credit in Idaho: Upstart
Best Low-Income Loan for Good Credit in Idaho: Prosper
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.
Methodology
sources
- LendingClub. "Check What Loan Offers You Could Qualify For." Accessed October 28, 2022.
- Prosper. "Stress Less with Low-Interest Online Personal Loans." Accessed October 28, 2022.
- Upgrade. "Personal Loans up to $50,000." Accessed October 28, 2022.
- Upstart. "A Personal Loan for Your Personal Needs." Accessed October 28, 2022.
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
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