Payday Loans in Monmouth, Iowa

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

Company nameAddressZip codePhone number
Industrial Employee CU 1513 S 18th St, Centerville, IA 52544 +1 (641) 437 - 7109
Dupaco Community Credit Union 185 Peosta St, Peosta, IA 52068 +1 (800) 373 - 7600
Vibrant Credit Union - Davenport Branch 5354 Elmore Cir, Davenport, IA 52807 +1 (309) 796 - 7500
LattaHarris, LLP 618 G Ave, Grundy Center, IA 50638 +1 (319) 824 - 5221
Green Belt Bank & Trust 1509 Edgington Ave, Eldora, IA 50627 +1 (641) 858 - 2005
Globe Cash Advance 902 Washington Ave, Iowa Falls, IA 50126 +1 (641) 648 - 3900
Northwest Bank 10 N 29th St, Fort Dodge, IA 50501 +1 (515) 955 - 3331
Peoples Credit Union 1717 5th Ave S, Fort Dodge, IA 50501 +1 (515) 573 - 8991
AFC Automotive Finance Corp. 1800 SE Gateway Dr, Grimes, IA 50111 +1 (515) 986 - 1220
EZ Money Check Cashing 3301 Pennsylvania Ave 103, Dubuque, IA 52002 +1 (563) 582 - 3770

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Monmouth, IA, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Ankeny, IA, Emergency Loan in Bettendorf, IA, Same Day Loans in Cedar Falls, IA, Quick Loan in Cedar Rapids, IA, Payday Loans in Council Bluffs, IA, Payday Loans in Davenport, IA, Payday Loans in Des Moines, IA and Payday Loans in Dubuque, 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 Monmouth, IA.

Beautiful sights of Monmouth, IA

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

52309

Are Payday Loans Legal In Monmouth, 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

Monmouth, IA payday loan calculator

Payday Loans in Monmouth, Iowa: What You Need to Know

In Iowa, payday loans are legal. However, it’s important to understand the regulations surrounding payday loans before you apply. If you’re considering getting a payday loan in Monmouth, Iowa, read on to learn more about this type of loan and what to expect.

What are Payday Loans?

A payday loan is a short-term loan that’s typically due on your next payday. These loans are usually for relatively small amounts, ranging from $100 to $1,000. Payday loans are usually used for unexpected expenses or emergencies, such as car repairs or medical bills.

How Do Payday Loans Work?

To get a payday loan, you’ll need to present proof of income and a valid photo ID. The lender will also require your bank account information so they can deposit the loan funds and withdraw the repayment on your next payday. Upon approval, you’ll receive the loan amount in cash or in a deposit to your bank account.

Payday loans often come with high-interest rates and fees, so it’s important to carefully read the contract before signing. The fees can vary based on the lender and the amount of the loan, but the fees and interest are often higher than traditional loans and can be as much as $15 to $30 for every $100 borrowed.

What Are the Benefits and Risks?

Some benefits of payday loans include the ability to get money quickly, regardless of credit score or history. Since payday loans are short-term, they can be helpful in managing financial emergencies. However, there are also risks to consider.

One risk is that with the high interest rates and fees, it can be difficult to pay the loan back on time. This can lead to additional fees and higher interest rates. Some borrowers may end up taking out additional loans to pay off the previous ones, leading to a cycle of debt.

Are Payday Loans the Right Choice for You?

Before taking out a payday loan, it’s important to evaluate your financial situation and determine if this type of loan is the best choice for you. If you’re facing an unexpected expense that you can’t pay for with your current income or savings, a payday loan may help. However, it’s important to have a plan for paying the loan back on time, as well as understanding the risks involved.

Interesting Facts and Statistics about Payday Loans in Monmouth, Iowa

  • Iowa residents borrowed more than $36 million in payday loans in 2019.
  • The average payday loan amount in Iowa is $341.
  • The average payday loan interest rate in Iowa is 289%.
  • According to the Iowa Division of Banking, 33,793 payday loans were taken out in Iowa in 2019.

Apply Now

If you’re in need of a payday loan in Monmouth, Iowa, TheGuaranteedLoans can help you connect with potential lenders. Please note that we are a connector service, not a direct lender. We work with a network of trusted lenders who can offer you the loan options that fit your needs. Fill out our online application today to see your loan options.

Remember, payday loans can be a helpful tool during financial emergencies, but it’s important to understand the risks and have a plan for paying the loan back on time. With our help, you can find the loan options that work best for you.

F.A.Q.

Are there any alternatives to payday loans in Monmouth, Iowa?

Yes, there are alternatives to payday loans in Monmouth, Iowa, such as borrowing from friends or family, taking out a personal loan, or working with a credit counseling agency to develop a budget and payment plan.

Is it possible to get a payday loan with no employment in Monmouth, Iowa?

It may be possible to get a payday loan with no employment in Monmouth, Iowa if you have another source of income, such as government benefits or alimony payments. However, most lenders will require proof of income to qualify for a loan.