Soda Springs at a glance
- Population: about 3,171 residents, ranking 47th of 197 Census places in Idaho (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 3,130 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 1.3% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Idaho places: 47th largest of 197 (US Census Bureau).
- Size percentile: ahead of around 76% of Idaho places in population terms (US Census Bureau).
- Coordinates: it sits at 42.6579, -111.5861 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Preston, ID (41 mi); Pocatello, ID (47 mi); Chubbuck, ID (48 mi); Blackfoot, ID (53 mi); Shelley, ID (57 mi) (US Census Bureau populations).
- Nearest smaller communities: Grace, ID (9 mi); Bancroft, ID (16 mi); Georgetown, ID (17 mi) (Census populations).
What a personal loan costs in Soda Springs
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Idaho lending rules that apply in Soda Springs
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Soda Springs
Run through this list before signing anything in Soda Springs:
- 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.