Payday loans in Iowa |
Iowa payday loans

Compare your loan options in Iowa

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money.

Learn about the important regulations before you apply.

A payday loan may be a good option if you’re strapped for cash or facing a financial crisis. Before you apply, you’ll need to know how much it costs and the laws your lender will have to follow. Our page has all the details.

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

    Are payday loans legal in Iowa?

    Yes, payday loans are legal in Iowa. Iowa Code Ann. 533D.1 et seq. The Delayed Deposit Services Licensing Act governs the all payday lenders in Iowa. Lenders must be licensed and physically located in Iowa in order to finance loans.

    Five main regulations for Iowa payday loans

    • Maximum loan: $500
    • Loan Term: 31 days
    • APR: A 14-day $100 loan is 433%
    • Finance fees: $15 for loans up to $100; $10 per every additional $100
    • Collection fees: Lenders may charge one $15 non-sufficient funds (NSF) fee

    Compare loan options in Iowa

    Check the provider’s website before applying to be sure it services Iowa.

    Rates last updated August 20th, 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 Max. Loan Amount Turnaround Time Requirements
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
    Slam Dunk Loans
    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
    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.
    LendYou Payday Loans
    Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income. Payday Loans
    Whether for emergencies or unexpected expenses, this provider may be able to connect you among its nationwide network of lenders.
    1–2 business days
    You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.
    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.
    As soon as next business day
    You must be a US citizen, at least 18 years old, and have a valid bank account.

    Compare up to 4 providers

    What do I need to apply?

    If you want to apply for a payday loan, you’ll need to be at least 18, a US citizen or permanent resident and have a regular source of income.

    You’ll also have to provide your Social Security number and some other personal details, like your where you’re employed and how often you get paid. If you’re applying online, a lender may request information about your checking account in order to deposit your loan and debit your payment when it’s due.

    Can I apply online or in-store?

    It depends on the lender. Most payday lenders operate online these days, while some also have store locations in select states. In Iowa, most payday lenders operate solely online.

    One benefit of a loan that’s processed completely online is the convenience. You won’t have to go into a physical store to pick up your cash. The approved funds will be loaded into your bank account.

    Consider these alternatives before taking out a payday loan

    Because payday loans are often high-cost forms of credit, it could be better to look for other options before committing to a payday loan. Some ideas include applying for the Family Investment Program (FIP) or getting cash advance from a credit card you already have.

    You could also consider the following:

    • Make extra cash with a side hustle. You likely have a skill or access to something that others are willing to pay for. If you have a car, consider signing up to drive for Uber. You could do freelance work for things like writing, graphic design or website coding.
    • Borrow from a loved one. It may take a hit to your pride, but asking a family or friend member for a small loan could help you get back on your feet. Be sure you pay it back in a reasonable time frame to avoid harming the relationship.
    • A 401(k) loan. If you’ve saved money for retirement in an employer plan, you could withdraw funds from it as a loan. You’ll repay the loan back into your retirement account, so it’s technically interest-free. One thing to watch out for is that if you leave your job for any reason, the full amount will be due within a short time frame.

    More questions answered about payday lending in Iowa

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our and .

    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.

    Go to site