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Iowa Payday Loans
Apply for a Payday Loan in Iowa with no minimal credit score requirement. Fast and Easy instant approval and quick financing.
Online Payday Loans in Iowa offer up to $500 instant cash advance. It's fast and easy to apply for loans from legit direct lenders at the best rates and fees. The application takes only a few minutes. Qualifying for a Payday Loan online in Iowa won't affect your credit history. Upon approval, the money will be deposited into your bank account the next business day.
For guaranteed short-term financing request a Pay Day Loan Online from a legit direct lender. It will take you just a few minutes to complete the application and have it processed. Once approved, you'll get the funds the same day.
START ONLINE APPLICATION
Why Choose Compacom for Payday Loans in Iowa
How Iowa Payday Loans Online Work - 3 Easy Steps to Instant Cash
Are Payday Loans Legal in Iowa?
Loan Rates and Fees, Laws and Regulations in Iowa.
The maximum for Payday loans in Iowa is $500 which must be repaid within 31 days. It’s absolutely legal. Payday lending is regulated by Iowa Code Ann. 533D.1 et seq1. The APR is 433%, finance charge - $16.67. The fees shouldn’t exceed $15. Iowa residents can get two outstanding loans but not more than $500 in total. But no rollovers or extensions are allowed. The debt must be repaid on time. Otherwise, the collection fee for non-sufficient funds counts $15.
Law status | legal |
MIN Loan Amount | $100 |
MAX Loan Amount | $500 |
MIN. Loan Term | 14 days |
MAX. Loan Term | 31 days |
MIN APR | Varies by lender |
MAX APR | 433% |
Additional fees | $16.67 for every $100 borrowed for a fortnight |
NSF fee | $15 |
Collateral or guarantor | None, unsecured |
Number of simultaneous loans | 2 |
Cooling off period | None |
Rollover | None |
Extension, repayment plan | None |
Default penalties | Criminal actions are prohibited |
Credit score requirements | Available for Bad Credit |
Apply for Online Payday Loans and get instant decision from top lending organizations
Top Rated Payday Loan Companies
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.
The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
![E-Skills Loans](/sites/all/themes/loanfinder/img/no-image-1280x800.jpg)
It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
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It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.
The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.
Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.
Iowa Payday Loans Near Me
We are soon expanding to the following cities of Iowa. For instant cash advance at these locations you can use our online application form
How to Apply for Online Payday Loans in Iowa
Iowa residents can apply for a Payday Loan both online and in-store. The process is fast and easy:
- Fill out the application form online
- Receive a guaranteed instant decision from a direct lender
- Get the money deposited into your account within 1 business day or the next business day.
Start with the first step - compare the top-rated Payday Lenders online.
Payday loans in Iowa in numbers:
- 175: licensed lenders, down from 232 in 2010
- $341.50: average amount borrowed, up from $327.84 in 2010
- 262.84%: average annual interest rate, down from 289.85% in 2010
- 613,461: number of transactions, down from 885,483 in 2010
- $220 million: value of transactions, down from $307.3 million in 2010
- 12: average number of loans per customer
- 19.3%: average number of customers with 20 or more loans
With online payday loans you can get a 500 dollar loan on average. The terms vary from 7 to 30 days. As payday lenders consider no credit check in some cases, it’s possible to get cash within 24 hours since loan approval.
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