Shelley at a glance
- Population: 5,182 people, the 36th-largest place among Idaho's 197 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 4,784 (US Census Bureau).
- 2020 to 2023 change: roughly 8.3% higher than at the 2020 Census (US Census Bureau).
- Rank among Idaho places: 36th of the state's 197 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 82% of Idaho's Census places by population (US Census Bureau).
- Coordinates: it sits at 43.3796, -112.1230 in the US Census Bureau Gazetteer.
- Nearest larger cities: Idaho Falls, ID (9 mi); Ammon, ID (11 mi); Blackfoot, ID (17 mi); Rigby, ID (23 mi); Rexburg, ID (35 mi); US Census Bureau population estimates.
- Nearest smaller communities: Basalt, ID (5 mi); Firth, ID (6 mi); Iona, ID (14 mi) (Census populations).
What a personal loan costs in Shelley
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Idaho lending rules that apply in Shelley
The Idaho rate caps and licensing rules that reach Shelley are listed below, each with its source and retrieval date.
| 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 Shelley
The steps below are worth completing first when you borrow in Shelley:
- 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.