Parma at a glance
- Population: 2,149, the 62nd-largest community in Idaho out of 197 (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,095 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 2.6% growth over the 2020 Census base (US Census Bureau).
- Rank among Idaho places: 62nd largest of 197 (US Census Bureau).
- Size percentile: about 69% of Idaho's Census places are smaller (US Census Bureau).
- Coordinates: mapped at 43.7863, -116.9425 by the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Nyssa, OR (7 mi); Homedale, ID (12 mi); Fruitland, ID (16 mi); Ontario, OR (17 mi); Caldwell, ID (17 mi) (US Census Bureau).
- Smaller places close by: Adrian, OR (7 mi); Wilder, ID (8 mi); Notus, ID (8 mi) (US Census Bureau).
What a personal loan costs in Parma
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 Parma
The table lists the Idaho rules that apply to a loan made in Parma, each with the regulator that published it.
| 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 Parma
Here is a short checklist for comparing personal loans in Parma:
- 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.