Payday Loans in Solon, Iowa

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

Company nameAddressZip codePhone number
Northwest Bank 242 N Main Ave, Sioux Center, IA 51250 +1 (712) 722 - 2791
Bank of the West 4910 SE 14th St, Des Moines, IA 50320 +1 (515) 287 - 3377
Montezuma State Bank 101 S 4th St, Montezuma, IA 50171 +1 (641) 623 - 5766
Jaacks Jeffrey a CPA 3 1st St SW, Hampton, IA 50441 +1 (641) 456 - 4125
Inlanta Mortgage 1103 Buckeye Ave 103, Ames, IA 50010 +1 (515) 598 - 5626
First Trust & Savings Bank 104 1st Ave, Donahue, IA 52746 +1 (563) 282 - 9800
Peoples Trust & Savings Bank 90 Railroad St, Riverside, IA 52327 +1 (319) 648 - 2221
Hometown Cash Advance 1335 E University Ave, Des Moines, IA 50316 +1 (515) 265 - 5556
Farmers State Bank 517 S Federal Ave 3803, Mason City, IA 50401 +1 (641) 424 - 1949
Check Into Cash 700 11th St SW #8, Spencer, IA 51301 +1 (712) 262 - 6670

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Solon, IA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Iowa City, IA, Payday Loan for Marion, IA, Payday Loans in Sioux City, IA, Short-term Loans in Urbandale, IA, Payday Loan Without a Credit Check in Waterloo, IA, Payday Loans in West Des Moines, IA, Emergency Loan in Ames, IA and Same Day Loans in Ankeny, 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 Solon, IA.

Beautiful sights of Solon, IA

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

52333

Are Payday Loans Legal In Solon, 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

Solon, IA payday loan calculator

Are you in a tight financial situation in Solon, Iowa and considering a payday loan? If so, you’re not alone. Payday loans are a popular option for people who need quick cash to cover unexpected expenses. But before you apply for a payday loan, it’s important to understand the pros and cons, as well as the specific regulations in Iowa.

What are payday loans?

Payday loans, also known as cash advances, are short-term loans that typically range from $100 to $500. These loans are meant to help people bridge the gap between paychecks or cover unexpected expenses, such as car repairs or medical bills.

  • Payday loans come with high interest rates and fees, making them an expensive option for borrowing money.
  • It’s important to have a plan to repay the loan, typically within 2-4 weeks.
  • Failure to repay the loan on time can lead to additional fees, collection efforts, and damage to your credit score.

In addition to understanding the costs and risks associated with payday loans, it’s also important to know the specific regulations that apply in Iowa.

Payday loan regulations in Iowa

Payday loans are legal in Iowa, but the state has specific regulations in place to protect consumers.

  • The maximum loan amount is $500.
  • The maximum finance charge is $15 for the first $100 borrowed, plus an additional $10 for each $100 borrowed above that amount.
  • The minimum loan term is 31 days, and the maximum term is 42 days.
  • Borrowers are only allowed to take out one loan at a time.
  • Lenders are required to provide a written agreement that outlines the terms and conditions of the loan.
  • Lenders must be licensed with the Iowa Division of Banking.

If you’re considering a payday loan in Iowa, be sure to understand these regulations and choose a licensed lender that follows them.

Interesting facts about payday loans in Solon, Iowa

  • According to the Iowa Division of Banking, there were 69 licensed payday loan locations in the state as of December 2020.
  • In 2020, Iowa lawmakers considered a bill that would have limited the interest and fees on payday loans to 36%. However, the bill did not pass.
  • The average payday loan in Iowa is $273, and the average borrower takes out 2.8 loans per year.

Apply Now

If you’re considering a payday loan in Solon, Iowa, TheGuaranteedLoans can help connect you to potential lenders. As a connector service, not a direct lender, we make it easy for you to find the loan that’s right for you.

Simply fill out our online application to get started. We’ll match you with potential lenders who can offer you the loan you need. Remember, it’s important to understand the costs and risks associated with payday loans and to have a plan in place to repay the loan on time.

F.A.Q.

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

Yes, there are alternatives to payday loans in Solon, 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 Solon, Iowa?

It may be possible to get a payday loan with no employment in Solon, 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.