Malad City at a glance
- Population: about 2,344 residents, ranking 59th of 197 Census places in Idaho (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 2,298 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: roughly 2.0% higher than at the 2020 Census (US Census Bureau).
- Rank among Idaho places: 59th of the state's 197 Census places (US Census Bureau).
- Size percentile: larger than about 70% of the Census places in Idaho (US Census Bureau).
- Coordinates: 42.1899 / -112.2497, per the US Census Bureau Gazetteer.
- Nearest larger cities: Preston, ID (20 mi); Richmond, UT (29 mi); Garland, UT (32 mi); Smithfield, UT (33 mi); Tremonton, UT (33 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller towns: Clifton, ID (13 mi); Oxford, ID (13 mi); Dayton, ID (15 mi) — US Census Bureau populations.
What a personal loan costs in Malad City
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Idaho lending rules that apply in Malad City
The Idaho rate caps and licensing rules that reach Malad City are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Malad City
Before you share your details with a lender in Malad City:
- 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.