If you need money for an emergency, you can apply for an installment loan from RISE, an online-only lender, and get approved in minutes. Borrow $300 to $5,000 and take from 7 to 36 months to repay the loan with no prepayment penalties.

RISE—online installment loans in Idaho

RISE, an online-only lender, offers emergency installment loans in Idaho.


A loan from RISE may not be the cheapest form of credit, and in some cases, you may want to use a credit card or other type of loan instead. However, a RISE loan could be a good option if you’re dealing with a short-term emergency expense, and a RISE loan is likely a better option than storefront or online payday loans in Idaho.


Additionally, borrowers who have taken out a RISE loan before may qualify for reduced rates in the future. And, RISE offers resources and tools to help consumers improve their knowledge of personal finance and credit.


RISE installment loans in Idaho

Idahoans can apply for a RISE loan online and find out if they’re approved in minutes. All RISE loans include the following features:


  • An easy, online application process.
  • Know your loan’s terms, your payment amounts, and when you will pay off your loan before you receive the money.
  • Get funds in your account by the next business day.*
  • A five-day guarantee that allows you to return your loan within five business days without having to pay any fees.
  • RISE reports your payments to TransUnion, and making on-time payments could help improve your credt.  


The rates and terms for residents of Idaho can vary depending on the applicant and the loan amount or terms you choose. However, all Idaho installment loans fall within the following ranges:


  • You can borrow $300 to $5,000
  • The repayment term ranges from 8 to 36 months



A shorter loan term can lead to higher payments and less interest over the lifetime of the loan, while a longer term can decrease your payment amount but increase how much you pay in interest.


If you choose a longer term, remember that RISE loans never have a prepayment penalty. You can pay off the loan early and save as much money as possible.


The dangers of payday loans in Idaho

If you’ve had some credit troubles in the past, you may be considering a payday loan to help you cover an emergency expense. While payday loans may be easy to qualify for, they can also lead to long-term financial troubles.


According to a brochure from the Idaho Department of Finance, payday loans in Idaho have an average fee of $20 per $100 your borrow. For a 14-day loan, a common term for payday loans, that comes out to be 521% APR. However, in Idaho, payday loans can be renewed up to three consecutive times, and you could end up paying $80 to borrow that initial $100.


An installment loan from RISE, a credit card, or another type of loan or cash advance could be a cheaper way to borrow money.


Learn more before you borrow

Making an informed choice about where, when, and why you borrow money can help you find the best financial products to meet your needs.


RISE’s blog is filled with articles about personal finance and lending. You can also sign up for the free Credit Score Plus program to track one of your credit scores and get free credit monitoring.


You can learn about RISE’s loans and practices on the FAQ page, and visit the Know Before You Borrow page, which helps explain when a RISE loan could be a good fit for you.


To find out more specifics about RISE’s loans in Idaho, go to the What it Costs page and select Idaho.