Albion at a glance
- Population: the Census estimates 245 residents, ranking 162nd of 197 places in Idaho (Vintage 2023).
- 2020 Census base: 235 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up roughly 4.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Idaho places: 162nd of 197 by population (US Census Bureau, Vintage 2023).
- Size percentile: larger than about 18% of the Census places in Idaho (US Census Bureau).
- Coordinates: latitude 42.4098, longitude -113.5804 (US Census Bureau Gazetteer).
- Nearest larger cities: Declo, ID (8 mi); Burley, ID (14 mi); Heyburn, ID (14 mi); Rupert, ID (15 mi); Paul, ID (17 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Malta, ID (13 mi); Acequia, ID (18 mi); Minidoka, ID (24 mi) (US Census Bureau).
What a personal loan costs in Albion
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Idaho lending rules that apply in Albion
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Albion
Here is a short checklist for comparing personal loans in Albion:
- 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.