Installment Loans vs. Payday Loans, Meridian, ID
• • • • • • • •
![Helpinghands](https://d14tal8bchn59o.cloudfront.net/x29Pchn2wXGfsIajkOv6AW5_48e-dCkRMoCAxfYQufk/w:960/plain/https://02f0a56ef46d93f03c90-22ac5f107621879d5667e0d7ed595bdb.ssl.cf2.rackcdn.com/sites/28367/photos/1101166/helpinghands_original.png)
Installment loans are less risky than payday loans. An installment loan also usually has a higher amount available for a loan. Idaho Finance approves loans from $100 up to $5,000. Installment loans are paid back over a period of time with a set amount paid monthly. A payday loan is designed to be paid back by the borrower’s next payday.