Payday Loans in Galt, Iowa

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No payday loan companies in Galt, IA. Consider companies in other cities:

Company nameAddressZip codePhone number
Kerndt Brothers Bank - West Union 205 N Vine St, West Union, IA 52175 +1 (563) 422 - 6072
EZ Money Check Cashing 7020 Douglas Ave STE C, Urbandale, IA 50322 +1 (515) 278 - 9696
EZPAWN 1626 5th Ave S, Fort Dodge, IA 50501 +1 (515) 576 - 5319
MidWestOne Bank 305 W Rainbow Dr, West Liberty, IA 52776 +1 (319) 627 - 2100
First Central State Bank 1291 Eagle Ridge Rd, Le Claire, IA 52753 +1 (563) 289 - 2265
Fidelity Bank & Trust 18298 IA-64, Maquoketa, IA 52060 +1 (563) 652 - 6660
Sioux Valley Credit Union 105 Sergeant Square Dr, Sergeant Bluff, IA 51054 +1 (712) 943 - 5868
Farmers & Merchants Bank 311 Mack Ln, Mediapolis, IA 52637 +1 (319) 752 - 3661
Farmer's Trust and Savings Bank 510 Lincoln Way St, Woodbine, IA 51579 +1 (712) 647 - 3375
MoneyGram 405 E Main St, Anamosa, IA 52205 +1 (319) 462 - 6118

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Galt, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Waterloo, IA, Payday Loan Without a Credit Check in West Des Moines, IA, Bad Credit Loans in Ames, IA, Payday Loans in Ankeny, IA, Payday Loans in Bettendorf, IA, Emergency Loan in Cedar Falls, IA, Quick Loan in Cedar Rapids, IA and Payday 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 Galt, IA.

Payday Loans Available in Galt, IA By The Following ZIP Codes:

50101

Are Payday Loans Legal In Galt, Iowa?

Loan Rates and Fees, Laws and Regulations in Iowa.

Iowa Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)337
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges$15 on the first $100 + >$10 on subsequent $100

Galt, IA payday loan calculator

Payday Loans in Galt, Iowa: A Comprehensive Guide

Life can be unpredictable, and unexpected expenses can often bring financial stress. Fortunately, short-term loans, such as payday loans, can help bridge the gap between paychecks. If you’re a resident of Galt, Iowa, this quick guide will provide you with essential information about payday loans in your area.

What is a Payday Loan?

A payday loan is a type of short-term loan designed to help individuals cover emergency expenses until their next paycheck. These loans are typically available in small amounts and must be repaid in full, along with any fees and interest, by the borrower’s next payday.

Are Payday Loans Legal in Iowa?

Yes, payday loans are legal in Iowa. However, the state has specific regulations in place to protect borrowers from potential exploitation by lenders. Iowa also has limits on the amount that can be borrowed, the fees that can be charged, and the length of the loan term.

How to Apply for a Payday Loan in Galt, Iowa

Before you consider taking out a payday loan, it’s essential to understand the application process. Here’s what you need to do to apply for a payday loan in Galt, Iowa:

  • Step 1: Find a lender that operates in Iowa and offers payday loans.
  • Step 2: Gather the necessary documentation, including your ID, proof of income, and bank account information.
  • Step 3: Complete the lender’s online application form, including personal and financial information.
  • Step 4: Review and accept the loan terms, including fees and interest rates.
  • Step 5: Receive your funds, which are usually deposited directly into your bank account within 24 to 48 hours.

How Much Can You Borrow With a Payday Loan in Galt, Iowa?

In Iowa, the maximum loan amount for payday loans is $500. Additionally, borrowers cannot take out more than two loans at the same time from the same lender.

What Are the Fees and Interest Rates for Payday Loans in Galt, Iowa?

While fees and interest rates for payday loans may vary by lender and state, Iowa has specific regulations that all lenders must follow. The maximum interest rate for payday loans in Iowa is 433%, with a maximum finance charge of $16.67 for every $100 borrowed.

What Happens if You Can’t Repay Your Payday Loan in Galt, Iowa?

If you’re unable to repay your payday loan in full by the due date, you can request an extension from your lender. However, you’ll be required to pay additional fees and interest. If you fail to make your payments, the lender may take legal action against you or hire a debt collection agency to try to recover the loan amount.

Interesting Facts and Statistics About Payday Loans in Galt, Iowa

  • According to a report by the Iowa Division of Banking, over 500,000 payday loans were issued in the state in 2019, totaling more than $198 million in loans.
  • As of January 2021, there were over 200 licensed payday lenders operating in Iowa.
  • Payday loans in Iowa have an average term of 31 days.

Apply Now for a Payday Loan in Galt, Iowa

If you’re considering taking out a payday loan in Galt, Iowa, TheGuaranteedLoans can help. As a connector service, we can help you find a lender that offers payday loans in your area. Our online application process is fast, secure, and easy to use. Simply fill out our application form, and we’ll connect you with potential lenders who may be able to offer you the funds you need.

It’s important to note that TheGuaranteedLoans is not a direct lender and does not make loan decisions. We are a connector service that helps borrowers find potential lenders. Additionally, we highly recommend that borrowers carefully review and understand the loan terms, including fees and interest rates, before accepting a loan offer.

In conclusion

Payday loans in Galt, Iowa can be a useful tool for managing unexpected expenses. However, borrowers must exercise caution and fully understand the loan terms before accepting an offer. We hope this article has provided you with essential information about payday loans in Galt, Iowa, and helps you make informed decisions about your financial future.

F.A.Q.

Can a payday loan lender in Galt, Iowa charge a penalty for early repayment of the loan?

No, a payday loan lender in Galt, Iowa cannot charge a penalty for early repayment of the loan. In fact, borrowers are encouraged to pay off their loans as soon as possible to avoid high interest charges.

Is there a minimum loan term for payday loans in Galt, Iowa?

Yes, the minimum loan term for payday loans in Galt, Iowa is 14 days. However, lenders can offer longer loan terms if they choose to do so.