Arimo at a glance
- Population: about 350, 147th by size in Idaho of 197 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 352 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down about 0.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Idaho places: 147th-largest of 197 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: roughly 25% of Idaho's places have fewer residents (US Census Bureau).
- Coordinates: mapped at 42.5599, -112.1720 by the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): McCammon, ID (6 mi); Lava Hot Springs, ID (9 mi); Downey, ID (9 mi); Inkom, ID (17 mi); Grace, ID (23 mi) (US Census Bureau populations).
- Smaller towns nearby: Bancroft, ID (18 mi); Oxford, ID (22 mi); Rockland, ID (36 mi) (US Census Bureau).
What a personal loan costs in Arimo
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Arimo
The sourced rows below are the rules a licensed lender must follow when lending in Idaho, and therefore in Arimo.
| 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 Arimo
The steps below are worth completing first when you borrow in Arimo:
- 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.