Parker at a glance
- Population: 298 people, the 152nd-largest place among Idaho's 197 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 301 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: population fell about 1.0% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Idaho places: 152nd in population of 197 places (US Census Bureau).
- Size percentile: it exceeds roughly 23% of Idaho's Census places by population (US Census Bureau).
- Coordinates: 43.9584, -111.7592 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): St. Anthony, ID (4 mi); Sugar City, ID (6 mi); Teton, ID (7 mi); Newdale, ID (9 mi); Rexburg, ID (9 mi) (US Census Bureau).
- Nearest smaller towns: Drummond, ID (21 mi); Tetonia, ID (32 mi); Spencer, ID (35 mi) (US Census Bureau).
What a personal loan costs in Parker
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
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 Parker
The Idaho rate caps and licensing rules that reach Parker are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Parker
A few practical steps will make the process in Parker 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.