Drummond at a glance
- Population: about 15 residents, ranking 196th of 197 Census places in Idaho (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 14 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: roughly 7.1% higher than at the 2020 Census (US Census Bureau).
- Rank among Idaho places: 196th largest of 197 (US Census Bureau).
- Size percentile: it is larger than about 1% of the places in Idaho (US Census Bureau).
- Coordinates: it sits at 43.9996, -111.3434 in the US Census Bureau Gazetteer.
- Nearest larger cities: Ashton, ID (7 mi); Newdale, ID (15 mi); Tetonia, ID (16 mi); St. Anthony, ID (17 mi); Teton, ID (18 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: none within 120 miles of Drummond (US Census Bureau).
What a personal loan costs in Drummond
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Idaho lending rules that apply in Drummond
The sourced rows below are the rules a licensed lender must follow when lending in Idaho, and therefore in Drummond.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Drummond
Run through this list before signing anything in Drummond:
- 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.