Payday Loans in Geneva, Iowa

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Jeff Ross Namminga Fairway Independent Mortgage Corporation Branch Manager 604 Liberty St Suite 131, Pella, IA 50219 +1 (641) 323 - 6351
Walmart Money Center 1650 Washington St, Pella, IA 50219 +1 (641) 628 - 9881
Dennis Martin PC 10 E Charles St, Oelwein, IA 50662 +1 (319) 283 - 5400
Preferred Auto Sales 2198 Varnishtree Ave, Lockridge, IA 52635 +1 (319) 696 - 3366
Roe Repair 1399 Mitchell Line St 7513, Nora Springs, IA 50458 +1 (641) 749 - 2703
Fast Cash Express Tax Place 137 Colorado St, Muscatine, IA 52761 +1 (563) 288 - 9554
CBI Bank & Trust, Muscatine - Downtown Banking Center 301 Iowa Ave, Muscatine, IA 52761 +1 (563) 263 - 3131
Ohnward Bank & Trust 307 S Main St, Monticello, IA 52310 +1 (319) 465 - 6173
Hometown Cash Advance 2007 S Center St Ste B, Marshalltown, IA 50158 +1 (641) 844 - 1100
Gunderson Kathy L CPA 131 S Lawler St, Postville, IA 52162 +1 (563) 864 - 7016

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Geneva, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Bettendorf, IA, 24-Hour Loan in Cedar Falls, IA, Same Day Loans in Cedar Rapids, IA, Payday Loans in Council Bluffs, IA, Payday Loans in Davenport, IA, Online Loans in Des Moines, IA, Bad Credit Loans in Dubuque, IA and Online Loans in Iowa City, 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 Geneva, IA.

Beautiful sights of Geneva, IA

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

50633

Are Payday Loans Legal In Geneva, 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

Geneva, IA payday loan calculator

What You Need to Know About Payday Loans in Geneva, Iowa

If you reside in Geneva, Iowa, and find yourself in need of quick cash to cover unexpected expenses, payday loans might be a potential solution. Payday loans are small, short-term loans that borrowers can take out to address urgent financial needs. With their convenience and accessibility, they have become an increasingly popular option for people facing unexpected situations.

How Do Payday Loans Work in Geneva, Iowa?

Payday loans are legal in Iowa under Iowa Code Chapter 533D. According to the law, payday lenders in Iowa can provide loans up to $500 with a term of up to 31 days. Before getting a payday loan, the borrower must sign an agreement that outlines the loan’s terms and conditions, including interest rates, fees, and payment schedule.

Typically, when a borrower applies for a payday loan, the lender requires proof of employment or income, a valid photo ID, and a checking account. Once the borrower’s application is approved, the lender will provide the funds in cash, as a check, or electronically, depending on the lender’s policies.

Lenders can charge a finance charge of up to $15 on a loan of $100 or less and $10 plus 15% of the loan amount on loans ranging from $101 to $500. Additionally, payday lenders in Iowa cannot charge more than 36% annual percentage rate (APR) on payday loans, which helps protect borrowers from excessive fees and interest rates.

Benefits and Drawbacks of Payday Loans in Geneva, Iowa

Like any financial product, payday loans have their pros and cons. Here are some benefits and drawbacks to consider before deciding to apply for a payday loan in Geneva, Iowa:

Benefits:

Quick access to cash: You can get payday loans relatively quickly compared to other loan types. This can be critical if you have an emergency and need cash immediately.

Accessible: Payday loans don’t require a good credit score. Borrowers with poor credit or no credit history can still apply for this kind of loan.

Flexibility: Once you receive the money, you can use it for any purpose that you want. There are no restrictions on how you spend the money.

Drawbacks:

High fees: Payday loans have high fees, which can be difficult to pay off, especially for borrowers with limited income.

Short term: Payday loans have to be repaid within a short period, usually within 14 to 31 days. This can be challenging for borrowers with limited funds, which could lead to rollovers and additional fees.

Cycle of debt: Because payday loans are so accessible, some borrowers might develop a cycle of debt, taking multiple loans to pay off the previous ones.

Facts and Statistics about Payday Loans in Geneva, Iowa

It is crucial to understand the facts and statistics surrounding payday loans in Geneva, Iowa, before applying for one. Here are some statistics that you should know:

  • According to the Iowa Division of Banking, there were 162 licensed payday lenders in Iowa in 2020.
  • During the same year, Iowa payday lenders issued more than 567,000 loans, with an average loan amount of $344.
  • Currently, the maximum allowable interest rate for payday loans in Iowa is 36% APR, and the maximum loan amount is $500.

It is important to have this information in mind before applying for a payday loan, as inadequate research could lead to unfavorable outcomes in the future.

What to Consider Before Applying for a Payday Loan in Geneva, Iowa

Here are some things to keep in mind before applying for a payday loan in Geneva, Iowa:

  • Ensure that you can repay the loan in full, including the finance charge.
  • Understand the loan’s terms and conditions, including interest rates, fees, and repayment schedule.
  • Choose a reputable lender and read their reviews to ensure that you will not be hit with surprise fees or charges.
  • Understand your rights as a borrower and the recourse available if a lender violates them.

Apply Now

If you need a payday loan in Geneva, Iowa, TheGuaranteedLoans can help connect you with reputable lenders in your area. By filling out our easy online application form, you can get access to multiple loan offers for free. Note that TheGuaranteedLoans only serves as a lender connecting service, and we do not lend money directly. However, our service can facilitate your connection with lenders who can offer payday loans that suit your financial needs.

Conclusion

Payday loans can be a source of quick cash when emergencies arise. However, it is crucial to understand the costs and benefits of these loans before applying for them. By doing adequate research, understanding the terms and conditions, and selecting a reputable lender, you can avoid the pitfalls that come with payday loans. Connect with TheGuaranteedLoans for your lending needs and rest assured that our experts can help you find a suitable lender to meet your requirements.

F.A.Q.

Can I get a payday loan if I have a bankruptcy in Geneva, Iowa?

It may be possible to get a payday loan if you have a bankruptcy in Geneva, Iowa, as payday lenders do not typically conduct a traditional credit check. However, you will still need to provide proof of income and a checking account in good standing to qualify for a loan.

Can I get a payday loan if I am a military member in Geneva, Iowa?

Yes, you can get a payday loan if you are a military member in Geneva, Iowa. However, military members are protected by the Military Lending Act, which limits the fees and interest rates that lenders can charge on loans to military members and their families.