Bancroft at a glance
- Population: the Census estimates 311 residents, ranking 149th of 197 places in Idaho (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 297 (US Census Bureau).
- 2020 to 2023 change: population rose about 4.7% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Idaho places: 149th by size among 197 communities (US Census Bureau).
- Size percentile: it is larger than about 24% of the places in Idaho (US Census Bureau).
- Coordinates: 42.7202 / -111.8830, per the US Census Bureau Gazetteer.
- Nearest larger cities: Lava Hot Springs, ID (9 mi); Grace, ID (13 mi); Soda Springs, ID (16 mi); McCammon, ID (16 mi); Arimo, ID (18 mi) (Census populations, approximate straight-line distance).
- Smaller places close by: Oxford, ID (33 mi); Bloomington, ID (44 mi); St. Charles, ID (49 mi) (US Census Bureau).
What a personal loan costs in Bancroft
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Bancroft
The Idaho rate caps and licensing rules that reach Bancroft are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Bancroft
Before you share your details with a lender in Bancroft:
- 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.