Iowa Payday Loan

There is good news for all Iowa residents; if you are strapped for cash, SameDayPayday can help you. A payday loan can be just what you need to pay for emergency car repairs or other unexpected expenses that otherwise would have to wait until your next payday, and thereby cause you significant inconvenience.

When so many payday loan lenders to choose from, how can you possibly choose the most suitable payday loan for you? SameDayPayday is here to help with your selection. Our site has detailed company profiles and user reviews of the biggest lenders across our nation.

Payday Loan Laws in Iowa

In Iowa, payday loan lending is legal and there is legislation governing the practices of payday loan lending. The maximum you can borrow is $500 with a loan term of a maximum of 31 days. The finance charge for a $100 payday loan for 14 days is $16.67. In Iowa you can only have two loans out at a time , but are not allowed any extensions.

In 1996, there were only eight payday loan lenders in the state of Iowa. By 1998, this number had grown to 64. In 2011, there were 220 licensed payday operators. But now there is the internet- a recent search in early 2017 for “payday loans Iowa” turned up 480,000 hits!

The regulation of the cash advance lending industry falls mainly to the individual states. These short-term lending institutions are balance atop an active and rocky legal terrain. Lobbyists are working around the clock on both sides of the legal issue- on one hand the cash advance lending industry wants to make sure you have access to much needed emergency cash and on the other hand opponents are fervently working to try to end the availability of short-term loans under the guise of consumer protection.

Iowa Payday Loan - Cities

Iowa Cash Advance Loans

The state motto of Iowa is: “Fields of Opportunities.” When faced with a need for quick cash between paychecks, Iowa residents can often feel like their opportunities are dwindling. But all they need to do is to click on SameDayPayday from the comfort and convenience of their home computer and apply for a cash advance loan. The process is fast, easy, and confidential. Simply fill out the application and within 90 seconds you can be approved for a cash advance loan. After the approval, it only takes about one business day for the funds to be deposited into your account. Now that’s service!