Jerome at a glance
- Population: 13,135 people, the 20th-largest place among Idaho's 197 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 12,358 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a gain of roughly 6.3% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Idaho places: 20th out of 197 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 90% of Idaho's Census places by population (US Census Bureau).
- Coordinates: 42.7181, -114.5158 (US Census Bureau Gazetteer).
- Nearest larger cities: Twin Falls, ID (11 mi); Mountain Home, ID (66 mi); Pocatello, ID (105 mi); Chubbuck, ID (105 mi); Boise City, ID (106 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Wendell, ID (10 mi); Filer, ID (12 mi); Kimberly, ID (15 mi), per US Census Bureau estimates.
What a personal loan costs in Jerome
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
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 Jerome
The Idaho rate caps and licensing rules that reach Jerome are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Jerome
Run through this list before signing anything in Jerome:
- 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.