Montpelier at a glance
- Population: 2,715 residents, the 52nd-largest of 197 places in Idaho (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,643 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: an increase of about 2.7% since the 2020 count (US Census Bureau).
- Rank among Idaho places: 52nd of 197 by population (US Census Bureau, Vintage 2023).
- Size percentile: larger than about 74% of the Census places in Idaho (US Census Bureau).
- Coordinates: latitude 42.3260, longitude -111.2988 (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Soda Springs, ID (27 mi); Preston, ID (34 mi); Richmond, UT (38 mi); Smithfield, UT (43 mi); Hyde Park, UT (45 mi) (US Census Bureau).
- Nearest smaller places: Paris, ID (9 mi); Bloomington, ID (11 mi); Georgetown, ID (11 mi) (US Census Bureau estimates).
What a personal loan costs in Montpelier
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Idaho lending rules that apply in Montpelier
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Montpelier
Before you commit to a personal loan in Montpelier, work through these steps:
- 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.