Title Loans in Idaho

Idaho allows title lending with minimal restrictions on rates or loan amounts. The Idaho Department of Finance oversees lender licensing. Due to the lack of rate caps, borrowers should carefully compare offers and understand the full cost of borrowing.

How Title Loans Work in Idaho

Idaho title loans use your vehicle title as collateral. You retain possession of your vehicle while the lender holds the title. Loan amounts are typically based on a percentage of your car's value, and you repay according to the agreed terms.

Idaho Title Loan Regulations

The Idaho Department of Finance regulates title lending in the state. While lenders must be licensed, Idaho maintains few restrictions on interest rates or loan amounts.

• Lenders must be licensed with the Idaho Department of Finance
• Maximum loan amount: No statutory cap
• Maximum interest rate: No cap
• Cooling-off period: None

Typical Terms in Idaho

While terms vary by lender, here's what you can typically expect:

• Loan amounts: $100 to $10,000+ depending on vehicle value
• APR¹: Often 150% to 300% or higher
• Loan terms: Usually 30 days to 12 months
• Loan-to-value: Typically 25% to 50% of vehicle value