Iona at a glance
- Population: the Census estimates 3,105 residents, ranking 49th of 197 places in Idaho (Vintage 2023).
- 2020 Census base: 2,720 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up roughly 14.2% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Idaho places: 49th by size among 197 communities (US Census Bureau).
- Size percentile: it is larger than about 75% of the places in Idaho (US Census Bureau).
- Coordinates: mapped at 43.5279, -111.9315 by the US Census Bureau Gazetteer.
- Nearest larger cities: Ammon, ID (4 mi); Idaho Falls, ID (6 mi); Rigby, ID (10 mi); Shelley, ID (14 mi); Rexburg, ID (22 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Ucon, ID (5 mi); Ririe, ID (11 mi); Lewisville, ID (12 mi) — US Census Bureau populations.
What a personal loan costs in Iona
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Idaho lending rules that apply in Iona
The table lists the Idaho rules that apply to a loan made in Iona, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Iona
The steps below are worth completing first when you borrow in Iona:
- 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.