Payday Loans in Iowa (IA)

Known as a highly professional online loan broker in America, Weloans work with lenders with good reputation for payday loans in Iowa. Find out more details on this page.

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      Personal Loans
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    15 Best Payday Loans & Cash Advance in Iowa (IA)

    Here we collect detailed infos in regard to a bunch of payday loan lenders in Iowa. Click on the button below to get a quote now.

    • 5.0
      AllStarAllStarAllStarAllStarAllStar
      (362)
      • Address:
      • 626 S Monroe Ave, Mason City, IA 50401, United States
      • Phone:
      • +1 641-424-5750
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (396)
      • Address:
      • 1516 La Porte Rd, Waterloo, IA 50702, United States
      • Phone:
      • +1 319-236-3208
      • Open hours:
    • 4.9
      AllStarAllStarAllStarAllStarHallStar
      (387)
      • Address:
      • 2412 Park Ave, Muscatine, IA 52761, United States
      • Phone:
      • +1 563-262-4000
      • Open hours:
    • 4
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (265)
      • Address:
      • 5132 SE 14th St, Des Moines, IA 50320, United States
      • Phone:
      • +1 515-285-8474
    • 5
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (366)
      • Address:
      • 110 N 25th St, Fort Dodge, IA 50501, United States
      • Phone:
      • +1 515-576-2155
      • Open hours:
    • 6
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (248)
      • Address:
      • 1019 S Grand Ave Ste. 1, Spencer, IA 51301, United States
      • Phone:
      • +1 712-262-3949
    • 7
      5.0
      AllStarAllStarAllStarAllStarAllStar
      (240)
      • Address:
      • 300 Main St Suite 740, Keokuk, IA 52632, United States
      • Phone:
      • +1 319-524-6764
      • Open hours:
    • 8
      4.6
      AllStarAllStarAllStarAllStarHallStar
      (1877)
      • Address:
      • 7404 University Ave, Cedar Falls, IA 50613, United States
      • Phone:
      • +1 319-277-4500
      • Open hours:
    • 9
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (181)
      • Address:
      • 901 S Center St Unit 2, Marshalltown, IA 50158, United States
      • Phone:
      • +1 641-753-1025
      • Open hours:
    • 10
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (179)
      • Address:
      • 3134 Manawa Centre Dr Suite 4, Council Bluffs, IA 51501, United States
      • Phone:
      • +1 712-366-0744
      • Open hours:
    • 11
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (178)
      • Address:
      • 2480 E Euclid Ave, Des Moines, IA 50317
      • Phone:
      • (515) 265-7100
      • Open hours:
    • 12
      4.9
      AllStarAllStarAllStarAllStarHallStar
      (171)
      • Address:
      • 2744 University Ave, Waterloo, IA 50701, United States
      • Phone:
      • +1 319-236-3760
      • Open hours:
    • 13
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (209)
      • Address:
      • 1165 E Locust St, Davenport, IA 52803, United States
      • Phone:
      • +1 563-326-3394
      • Open hours:
    • 14
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (199)
      • Address:
      • 723 Franklin St, Waterloo, IA 50703, United States
      • Phone:
      • +1 319-234-1200
      • Open hours:
    • 15
      4.8
      AllStarAllStarAllStarAllStarHallStar
      (195)
      • Address:
      • 2013 Central Ave #3, Dubuque, IA 52001, United States
      • Phone:
      • +1 563-583-5187
      • Open hours:
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    Iowa Payday Loans Regulations

    • Loan Amount (max)

      $500

    • Loan Term (max)

      31 days

    • Finance Charges

      $15 on the first $100 + >$10 on subsequent $100

    • APR
      337%

    According to regulations in Iowa, payday loans are Legal.The interest rate can be 337%.You can get payday loans of $500 at most.0 rollovers are allowed. Finance charges is $15 on the first $100 + >$10 on subsequent $100. All borrowers must payback the due amount within 10 years (from the last payment).

    What is The Maximum Loan Amount a Borrower Can Get in Iowa?

    • Borrowers can’t get over a $500 loan in accordance with the laws of Iowa.
    • More than 2 outstanding loans are forbidden at a time.

    Information for Charges in Iowa

    • With regard to finance charges and fees, lenders can’t charge over $15 on a loan of $0-$100.
    • Similarly, charging $10 more on every $100 borrowed is allowed since then.
    • For every $100 borrowed for 2 weeks, there is a finance charge equaling $16.67.

    In accordance with Iowa Code Ann. § 533D.1 et seq. regarding Delayed Deposit Services, licensed lenders should give to the check writer during the loan transaction an annual percentage rate as computed conforming to the federal Truth in Lending Act.

    Yet real APR for payday loans can amount to as high as 337% for the average $300 loan in Iowa. (according to the Center for Responsible Lending 2019).

    How Long Is the Maximum Period for a Payday Loan in Iowa?

    • According to the maximum term, borrowers must repay a payday loan in 31 days.
    • Borrowers can’t get rollovers or extensions and they should make a full repayment in time.

    How Much Would a Payday Loan Cost?

    With a 14 days term:

    APR: 337%

    Loan cost: $100* 337%* (14/365)=$12.9

    To return: Principal+Loan cost=$100 + $12.9=$112.9

    Consumer Information

    Attention

    It is not necessary for lenders to check borrowers’ ability to pay back a loan from July 2020. You should avoid a debt trap by cautiously evaluating your financial situation. The rule was changed by the CFPB.

    • Charging over $15 as a non-sufficient funds fee as well as for a returned check by a lender is forbidden.
    • Currently, there is no specified regulation concerning criminal action against default payments in the state law of Iowa. Lenders can’t threaten borrowers with criminal prosecution in any way.

    You can find more information about payday loans on the official website of the Iowa Division of Banking.

    If there are fraudulent actions on the part of a lender, you can file a complaint with the Division of banking.

    Receive Iowa Payday Loans by Cities

    We have listed main cities in Iowa below. Click the city to find details of payday loan lenders to your needs.

    View More Cities →

    Iowa Payday Loan Calculator

    Find out the amount of money you're going to pay for a Iowa payday loan easily with the calculator below.

    Estimated Payment

    $ null

    • Total Principal Paid:$ 1,000.00
    • Finance charge:$ 255.62
    • APR: 311.00 %

    Payment Breakdown

    Nearby Payday Loans in Iowa

    Advance America
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (133)
    Financial institution
    Money & More
    4.6
    AllStarAllStarAllStarAllStarHallStar
    (281)
    Pawn shop
    Pawn King
    4.6
    AllStarAllStarAllStarAllStarHallStar
    (252)
    Pawn shop
    Farmers State Bank
    5.0
    AllStarAllStarAllStarAllStarAllStar
    (113)
    Bank