Oakley at a glance
- Population: 816 (US Census Bureau, Vintage 2023 subcounty estimate), the 101st-largest of 197 places in Idaho.
- 2020 Census base: the 2020 count put the population at 784 (US Census Bureau).
- 2020 to 2023 change: up roughly 4.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Idaho places: 101st of 197 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 49% of Idaho's Census places by population (US Census Bureau).
- Coordinates: 42.2421 latitude, -113.8831 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Burley, ID (21 mi); Heyburn, ID (23 mi); Paul, ID (26 mi); Rupert, ID (28 mi); Hansen, ID (29 mi) (US Census Bureau).
- Nearest smaller communities: Albion, ID (19 mi); Murtaugh, ID (22 mi); Declo, ID (23 mi) (Census populations).
What a personal loan costs in Oakley
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.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Oakley
The table carries the Idaho rate and licensing rules that apply to consumer loans made in Oakley.
| 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 Oakley
Before you share your details with a lender in Oakley:
- 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.