Idaho Terms & Rates

Leap Credit offers an alternative to the traditional loan process, which typically involves a lot of paperwork and can take up to a week or longer to get your funds.

Applying for one of our short-term installment loans takes just a few minutes online and in most cases, you’ll receive your loan within two days, if you’re approved. Additionally, with Leap Credit, there’s no compounding interest

Tell us exactly what you need to borrow (between $400 – $3,500) and we’ll make sure you fully understand the loan agreement upfront.

LOAN AMOUNT:

$400 – $3,500

LOAN TERM:

8 months

PRE-PAYMENT AVAILABLE:

Yes

APR RANGE:

648% – 795%

LATE FEES:

Lessor of $10 or 5% of payment due, if not paid in full within 10 days.

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State License for Leap Credit as a Direct Lender in Idaho

Leap Credit is a state-licensed direct lender for short-term installment loans in Idaho. Leap Credit follows all applicable laws in Idaho. Our Idaho license number: RRL-10368.

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Frequently Asked Questions

An installment loan is a convenient way to borrow money and pay it back over several payments. Your payment amount will be an equal amount with the potential exception of the first and last payments.

You must be a legal resident of Idaho.

To begin your application, you will need your Social Security Number (SSN), permanent address, driver’s license, employment information and banking information.

No, this is not a payday loan. A payday loan is a short-term loan where you are typically required to pay back the loan in full on your next payday. Leap Credit offers short-term installment loans. With an installment loan, you pay back the loan in installments over time until it is paid off.

You can pay off your Leap Credit loan at any time without any prepayment fees.

Please review the full terms and conditions and privacy policy for more information. Annual percentage rates (APRs) may vary based on loan term. Please see your loan agreement for the APR and other terms applicable to your loan.

Short-term installment loans can be used for a variety of reasons such as:

Debt or consolidation of debt
Home repair/home appliances
Event / wedding
Moving
Funeral expenses
Medical expenses
Vehicle/transportation repairs
Vacation
Taxes

Short -term installment loans offer more flexibility than payday or title loans when it comes to paying back the borrowed amount, with smaller monthly payments and a longer payback period.

According to Pew Research, prices for short-term installment loans are much lower than those for payday or title loans.

Borrowing money shouldn’t be difficult. At Leap Credit, we pride ourselves in our fast, simple, straightforward process.

One of the biggest benefits of using Leap Credit for your installment loan is our quick, easy-to-use loan application process and our friendly customer service, available to you from the time you apply to when you finish paying off your loan.

If at any point, your repayment plan through Leap Credit causes you financial strain, contact us immediately. We base our business model on the knowledge that you want to repay your loan. We’re in this together. Just give us a call and we’ll be happy to help. After all, we’re partners in your financial security.

To get started with your Leap Credit loan application process, apply online or call us at (888) 532-7842 to speak with a representative. We will guide you through our quick and simple process and let you know if you are approved in no time!

Ready to get started?

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