Bloomington at a glance
- Population: 214 people, the 167th-largest place among Idaho's 197 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 198 (US Census Bureau).
- 2020 to 2023 change: up about 8.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Idaho places: the 167th-largest of 197 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 15% of Idaho's places have fewer residents (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 42.1910, -111.4028.
- Nearest larger cities: Paris, ID (3 mi); Montpelier, ID (11 mi); Garden City, UT (18 mi); Georgetown, ID (20 mi); Franklin, ID (24 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: St. Charles, ID (6 mi); Oxford, ID (32 mi); Woodruff, UT (48 mi) (Census populations).
What a personal loan costs in Bloomington
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Idaho lending rules that apply in Bloomington
Each row below is a Idaho rule with its publisher and the date it was retrieved.
| 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 Bloomington
A few practical steps will make the process in Bloomington less costly:
- 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.