Fernan Lake Village at a glance
- Population: 162, the 178th-largest community in Idaho out of 197 (US Census Bureau, Vintage 2023).
- 2020 Census base: 167 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a decline of roughly 3.0% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Idaho places: 178th largest of 197 (US Census Bureau).
- Size percentile: it is larger than about 10% of the places in Idaho (US Census Bureau).
- Coordinates: 47.6723, -116.7476 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Coeur d'Alene, ID (3 mi); Dalton Gardens, ID (4 mi); Hayden Lake, ID (6 mi); Hayden, ID (7 mi); Post Falls, ID (10 mi); each population is a US Census Bureau estimate.
- Smaller towns nearby: Huetter, ID (5 mi); State Line, ID (14 mi); Waverly, WA (32 mi) (US Census Bureau).
What a personal loan costs in Fernan Lake Village
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Idaho lending rules that apply in Fernan Lake Village
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Idaho Department of Finance (IDOF) Source says: "Safeguarding the financial health of Idahoans through the appropriate oversight of diverse financial institutions, the education and protection of consumers". | Idaho Department of Finance as of 2026-09-16 |
| Idaho Credit Code finance-charge rule | No statutory maximum finance-charge rate — rate as agreed by the parties (Idaho Credit Code) Source says: "the rate of finance charge shall be that which is agreed upon between the parties to the transaction". | Idaho State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum legal rate (when no written contract fixes a different rate) Source says: "interest is allowed at the rate of twelve cents (12¢) on the hundred by the year". | Idaho State Legislature as of 2026-09-16 |
| Payday lending status | Permitted under license (payday loan license required) Source says: "No person shall engage in the business of payday loans ... without having first obtained a license under this chapter". | Idaho State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated Lenders License required (regulated consumer loans) Source says: "unless a person is exempt ... he shall not engage in the business of: (a) Making regulated consumer loans". | Idaho State Legislature as of 2026-09-16 |
How to compare offers in Fernan Lake Village
The steps below are worth completing first when you borrow in Fernan Lake Village:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Idaho using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.