Can I actually get a payday loan in Des Moines, Iowa? | finder.com

Compare your loan options in Des Moines, Iowa

Before taking out a short term loan in Des Moines, get all the necessary the information so you can get the funds you need.

If you’re short on cash and looking to borrow just a small amount of funds, you may be considering a payday loan, also referred to as a cash advance or short term loan. Have a read through this guide to learn the ins and outs of short term lending before you apply for your loan.

BadCreditLoans.com

BadCreditLoans.com

This provider has been helping people with bad credit ever since 1998, and boasts being the “go-to” place for bad credit loans.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Loan Term: 3 to 36 months
  • Turnaround Time: Varies based on lender

    Are payday loans legal in Des Moines?

    Yes, payday loans in Des Moines are legal. All payday lenders in this city have to abide Iowa Code Chapter 533D, cited as the Delayed Deposit Services Licensing Act. This act also applies to payday lenders that provide online loans in Des Moines, Iowa. In addition, only lenders that operate out of Iowa can provide loans to residents of Des Moines.

    Consider these brokers for a short term loan in Des Moines

    Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

    Rates last updated February 23rd, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    Slam Dunk Loans
    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
    $2,500
    Varies by lender
    As soon as next business day
    Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
    BadCreditLoans.com
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    3 to 36 months
    Varies based on lender
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be connected to a network of lenders for funding at rates that vary by state.
    $1,000
    Varies based on lender
    As soon as next business day
    You must be a US citizen, at least 18 years old, and have a valid bank account.
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,200
    Varies by lender
    Next business day
    Must be at least 18 years old and employed or have regular income.
    LendYou Payday Loans
    Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
    $15,000
    Varies
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income.
    LoanSolo.com Payday Loans
    Potentially get connected with a legit lender offering convenient payday loans and quickly get funds.
    $1,000
    Varies by lender
    As soon as one business day
    You must be 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
    ExtraLend.com Installment Loans
    This free and simple service could connect you with online lenders offering installment loans.
    $3,000
    Varies by lender
    As soon as one business day
    Must be at least 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
    iCashLoans.com Short Term Loans
    Potentially get a loan through a network of 100+ lenders. One simple online application.
    $1,000
    Varies by lender
    Varies by lender
    Be employed, have a bank account in your name and income of at least $1,000 per month.
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this broker may be able to connect you among its nationwide network of lenders.
    $999
    Up to 12 months
    1–2 days
    You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.

    Compare up to 4 providers

    Why a Des Moines short term loan might work for you

    • Multiple options. Several short term lenders operate out of Des Moines, so finding one near your home or workplace can be easy. You also have the option of applying for an online loan, or using the services of a loan matching service.
    • Quick disbursement of funds. If you apply in-store, you can receive the approved funds as soon as you accept the loan contract. If you submit an online application, the money is usually in your account by the next business day.
    • Poor credit is alright. If your credit score is low lenders consider other factors, such as your income or employment, in order to approve you for a loan.

    Is there any protection when taking out a short term loan in Des Moines?

    • Limits. You cannot rollover, renew, refinance or consolidate your short term loan and you cannot pay off an existing short term loan by using proceeds from another short term loan obtained from the same lender.
    • Low maximum amount. The most you can borrow through a Des Moines payday loan is $500, limiting the chance of you taking on too much debt with a single debt.
    • Loan terms and multiple loans. You cannot have more than two outstanding payday loans at any one time and the maximum loan term is 31 days.

    Nina's got a car repair to pay for

    woman-car-breakdown-imageNina needed some money urgently to pick up her repaired car from the mechanic. She didn’t want to wait until her payday due to the trouble she had commuting to and from work without a car. She also couldn’t use her credit card because the limit it had left didn’t cover the mechanic bill. Applying for a new credit card or a personal loan wasn’t an option, so she decided to apply for a short term loan.

    Nina’s found an online lender to lend her the $400 she needed. She had to repay the loan amount within 31 days. The contract stated that the lender would charge $15 for the first $100 advanced, and $10 per $100 thereafter. As a result, the total fees stood at $45.

    Nina allowed the online to set up a withdrawal for the $445 on the due date. After 31 days, Nina successfully paid her loan back with a single payment and avoided any additional fees.

    Here’s how you can submit your application

    You can apply for a Des Moines short term loan by visiting a storefront or by submitting an online application. Eligibility criteria differ between lenders, but generally you’ll have to meet the following:

    • You are over 18 years old
    • You are an American citizen or a permanent resident of the US
    • You have a steady source of income
    • To apply online, you should have an operational checking account

    In order to complete the application successfully, you’ll have to provide some basic information:

    • Your name, home address, email address and phone number
    • Your date of birth, social security number and details from an acceptable form of identification document
    • Your employer’s name, address and phone number
    • Details about your income
    • If applying online, your bank account details

    Short term lenders near you in Des Moines, Iowa

    Short term loan offices near you in Des Moines

    If you need money in a hurry, an easy to get it is by visiting a short term lender’s store. In Des Moines, some of your options include:

    • Advance America. 2480 E Euclid Ave, Des Moines, IA 50317
    • Cash is King. 305 Grand Ave, West Des Moines, IA 50265
    • Check ‘n Go.3424 Merle Hay Rd, Des Moines, IA 50310
    • Check into Cash. 200 Army Post Rd #50, Des Moines, IA 50315
    • EZ Money Check Cashing. 904 Army Post Rd, Des Moines, IA 50315
    • Globe Acceptance. 1001 Grand Ave, West Des Moines, IA 50265
    • Globe Loan Company. 3410 Merle Hay Rd, Des Moines, IA 50310
    • Hometown Cash Advance. 1335 E University Ave, Des Moines, IA 50316
    • Mister Money USA. 3820 E 14th St, Des Moines, IA 50313
    • Payday Express Iowa. 3947 E 14th St, Des Moines, IA 50313

    Where else are payday loans available?

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    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

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