We charge less than other title lenders.

No/bad credit? No problem!

Refinance your loan at HALF the rate!

Frequently Asked Questions

Many of our competitors wont tell you anything about their loans until you fill out an application with them.

Ideal Lending stands apart with it's level of transparency. We have compiled a list of Frequently Asked Questions to answer any questions you may have!

What is a Secured Loan/Installment Loan?

A Secured Loan/Installment Loan is a loan where titled property is secured as collateral and the loan is paid back in steady and predictable monthly installments.

Every payment puts some money towards the interest and some money towards the principle balance of the loan. Our loans are generally no longer than 12 months. Even if you have a 12-month loan, you are free to pay it off early with no prepayment penalty. If one of our competitors has a lower rate, we will beat it!

What is a Signature Loan / Unsecured Loan?

A Signature Loan/Unsecured Loan is a loan is where nothing taken as collateral and the loan is paid back in steady and predictable monthly installments. These have much stricter requirements and a higher interest rate. See our "Loans and Requirements" page for more information.

Every payment puts some money towards the interest and some money towards the principle balance of the loan. Our loans are generally no longer than 12 months. Even if you have a 12-month loan, you are free to pay it off early with no prepayment penalty. If one of our competitors has a lower rate, we will beat it!

How much can I get with a Secured Loan?

We loan up to max Kelly Blue Book value on secured loans.

How much can I get with an Unsecured Loan?

First you have to meet our requirements found on our "Loans and Requirements" page. If the requirements are met, we lend out $50 for a starter loan, and then may raise the maximum loan amount after the starter loan is paid off.

Can I get a loan if I have bad credit?

Yes! We don't pull your credit for this loan. The things we are most interested in is meeting our loan requirements, which can be found on our "Loans and Requirements" page.

What do I need to get a loan?

Check our "Loans and Requirements" page.

What interest rate do you charge?

Our annual percentage rates start at 150%. Some circumstances allow for an even lower interest rate, like in the case of a long-time customer, high collateral to loan value, or other factors.

Interest is calculated daily, so if you only have the loan for 18 days – you only pay 18 days worth of interest. 

Do you refinance loans?

YES! Simply bring in your contract or show us the current rate and we will write your loan at a much lower interest rate!

How do I make my payment?

We accept cash, check, money order, cashier's check, and credit/debit cards. You can stop by in person, call us, text us, leave your money order/cashier's check/personal check in the drop box, or mail it to us.

What kind of titles do you accept?

We lend on any property that is titled by the DMV. The title must be in the borrower’s name or the cosigner’s name.

We are unable to lend on collateral that is being used as a residence. So an RV used for camping is ok, but if it is currently being lived in we can not lend on it.

Are there bad reasons to borrow?

We suggest you borrow responsibly and not borrow for frivolous things. Here are 5 examples of reasons why we think you should not borrow money:

  • Just to have some spare cash – why not?
  • Getting yourself a birthday present
  • Starting in a pyramid scheme
  • Gucci
  • Speculating in the stock market

Are there good reasons to borrow?

Sometimes taking out a title loan is the easiest solution to a problem. Here are 4 examples of when it might be a good idea to borrow money:

  • Medical or family emergency
  • Refinancing your high-interest loan
  • Tide you over while waiting on first paycheck
  • Down payment for apartment

How fast do I get the money after I get the loan?

We print off a check for you before you leave the office!

When will my loan be due?

Your first payment will be due 30 days from the date the contract was signed.

How long does it take to get approved?

Our average time is about 30 minutes.

Does the title have to be in my name?

No, the owner of the title can apply as a co-signer.

Can I get a loan if I don't have a job?

Yes! As long as you have a source of income (disability, social security, etc) you may be eligible for a loan.

Is there a penalty to pay off early?

Many of our competitors have these penalties, but we are proud to say that Ideal Lending does not have this penalty. In fact, we encourage our borrowers to pay their loans off early.

How do I get my title back?

We release the lien and give the title back to you as soon as the loan is completely paid off. We'll even mail it to you!

Do I keep my car while I have a Secured Loan?

Cars, trucks, and semis are kept by the borrower while the title loan is active. Motorcycles, boats, and campers are held as collateral at one of our locations until the loan is paid off.

If I lost my title can I still get a loan?

We require the title if we are doing a Secured Loan/Installment Loan. You can fill this form out and send it to the DMV for a duplicate title. 

Does it have to be an Idaho title?

No, we can loan against titles from any state.

What if there are two or more names on the title?

If the title says "or" we just need one of those paries to be present. If the title says "and", we require all parties to be present. 

Can I get multiple loans?

Yes! However, we require a "cross collateral", meaning if you default on one loan you automatically default on the other.

Got a question that isn't listed here?

Whether you're in Boise, Nampa, Caldwell, Fruitland, Twin Falls, or Post Falls, give us a call at 208-336-5626 if you have any questions!

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