Installment Loans in Lake Mills, Iowa

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No installment loan companies in Lake Mills, IA. Consider companies in other cities:

Company nameAddressZip codePhone number
Town Financial 1301 E Euclid Ave, Des Moines, IA 50316 +1 (515) 265 - 5623
MidWestOne Bank 112 N Main St, Sigourney, IA 52591 +1 (641) 622 - 2381
Home Trust & Savings Bank 628 Main St, Osage, IA 50461 +1 (641) 732 - 3763
Guthrie County State Bank 413 State St, Guthrie Center, IA 50115 +1 (641) 332 - 2218
Everence Financial 301 5th St, Kalona, IA 52247 +1 (319) 656 - 4242
GreenState Credit Union 1207 Central Ave, Fort Dodge, IA 50501 +1 (800) 397 - 3790
Advance America 1705 S 1st Ave o, Iowa City, IA 52240 +1 (319) 341 - 8300
United Bank of Iowa 12 Main St, Charter Oak, IA 51439 +1 (712) 678 - 3348
American State Bank 1000 Jeffreys Dr, Osceola, IA 50213 +1 (641) 342 - 2175
GreenState Credit Union 727 Oakbrook Dr, Marion, IA 52302 +1 (800) 397 - 3790

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Lake Mills, IA, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Waterloo, IA, Installment Loans in West Des Moines, IA, Installment Loans in Ames, IA, Installment Loans in Ankeny, IA, Installment Loans in Bettendorf, IA, Installment Loans in Cedar Falls, IA, Installment Loans in Cedar Rapids, IA and Installment Loans in Council Bluffs, IA. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Lake Mills, IA.

Are you in need of a loan in Lake Mills, Iowa? Consider an installment loan, a legal and popular option in Iowa.

What is an Installment Loan?

An installment loan is a type of loan that is repaid in equal, periodic payments. This is in contrast to a payday loan, which typically requires the entire loan amount to be repaid within a few weeks. With an installment loan, borrowers can repay the loan over a longer period, which can also make the payments more manageable.

How does it work in Lake Mills, Iowa?

Installment loans are legal in Iowa and can be obtained from various lenders. These lenders will typically consider factors such as your credit score, income, and debt-to-income ratio when determining whether to approve your loan application and the amount you are eligible to borrow. If approved, you will receive the loan funds in a lump sum and will be required to make regular payments, typically monthly, until the loan is fully repaid.

The Benefits of Installment Loans

  • Flexible repayment terms make repayment more manageable.
  • Lower interest rates compared to payday loans.
  • Typically, higher loan amounts are available compared to payday loans.

The Downsides of Installment Loans

  • Longer repayment period may mean paying more in interest.
  • Defaulting on the loan can negatively impact your credit score.

Interesting Facts and Statistics About Installment Loans in Lake Mills, Iowa

  • Iowa has some of the lowest interest rates for installment loans in the country, with maximum rates capped at 36% APR.
  • The average length of an installment loan in Iowa is 11 months.
  • Iowa law requires lenders to disclose the total amount of interest and any fees associated with the loan upfront, so there are no surprises for the borrower.
  • A study by the Consumer Financial Protection Bureau found that more than 80% of payday loans are rolled over or refinanced, which can lead to additional fees and interest charges. Installment loans typically have lower rollover rates.

Apply Now

Ready to apply for an installment loan in Lake Mills, Iowa? TheGuaranteedLoans is here to help connect you with potential lenders. Get started by filling out our online application. Remember, we are a connector service, not a direct lender.

Our service is fast, convenient, and can help you find the right lender for your needs. Apply now and get the financial help you need today.

Beautiful sights of Lake Mills, IA

Installment Loans Available in Lake Mills, IA By The Following ZIP Codes:

50405, 50450

Lake Mills, IA installment loan calculator

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Lake Mills, IA?

Yes, you can get a no credit check loan in Lake Mills, IA when you apply online.

How to Get a Bad Credit Loans in Lake Mills, IA?

To apply for a bad credit loan in Lake Mills, IA, you need to find a direct loan lender online.