Why get an Online Loan in Iowa?
We get it. Sometimes, emergency expenses like medical come up and you need to get cash
immediately. Howbeit, you don't have the income or credit to put it on your credit card.
Thankfully, getting an online loan in Iowa is quick and easy. It doesn't matter if you live
in Des Moines, Cedar Rapids, Davenport, or Clinton, you can you loan deposited the same business day or if applying after 11am, the next business day.
How Much do Online Payday Loans in Iowa Cost?
The maximum annual percentage rate allowed by law in Iowa is 176.61% APR.
Finance Charges
Often, the APR includes the interest rate plus fees. In Iowa, lenders may charge a maximum
of $15 for the first $100 of loan plus $10 per additional $100. Prorated fees are prohibited.
Representative Example
For example, Jeanett has an unexpected medical expense and needs cash
immediately. They can borrow up to $500 for up to 31 days
at 176.61% APR. The high APR can make this example loan extremely expensive; Jeanett will pay back a total of $574 including a total of $74 in interest and fees!
What You Need
Before you can get an online loan in Iowa, this is what you will need:
- You must be at least 18 years old
- Valid Iowa driver license or government issued ID
- Checking or savings account
- Most recent pay stub
Terms for Online Payday Loans in Iowa
Maximum loan terms in Iowa:
- Maximum loan amont: $500
- Maximum rate, including fees: 176.61%
- Maximum loan length: $500
