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


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


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


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


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.



+ $114.98


+ $8.33

Origination Fee Percentage


Origination Fee Fixed amount


Total monthly payment


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.


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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.


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.