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

Banner image
Edited bySarah Mattie

Updated: December 28, 2023

Advertising & Editorial Disclosure

Loading...

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

Loading...

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

Loading...

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

Loading...

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

Loading...
Loading...
Loading...

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.

Loading...

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.

Loading...

Methodology

mglogo icon
METHODOLOGY

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.

Loading...
sources

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.