Personal loans in Audubon, IA
Two people with the same credit score can be offered different rates in Audubon, Iowa — one from a bank, one from an online lender. Iowa requires consumer lenders to be licensed, and the regulator named below is the one that supervises them. That matters most for short-term products, where state rules vary widely. Enter your own numbers rather than relying on an advertised example rate. We do not invent rates or market data: any figure on this page either comes from you or is cited to a regulator.
What to know before you borrow in Iowa
| Interest rate cap (usury limit) | Usury limit: 5% for general agreements not made in writing. Maximum rate for agreements made in writing is set by the state's superintendent of banking at a rate of 2% above the monthly average 10-year constant maturity interest rate of U.S. government bonds, rounded to the nearest .25% per year. (Iowa Code § 535.2) Lenders may not charge an interest rate greater than that permitted by Iowa Code § 535.2 unless otherwise specifically authorized by law to do so. Under Iowa law, supervised financial institutions may charge up to 21%, licensees under Iowa Code chapter 536, may charge up to 36% (depending on the loan amount), and licensees under Iowa Code chapter 536A may charge up to 10% per year Discount plus a service charge of 2% that is capped at $120. The Iowa legislature opted out of the federal law authorizing state-chartered banks to export interest rates, meaning that out-of-state banks lending in Iowa are subject to Iowa’s interest rate limitations and are authorized to charge up to 21%. Finance rates and fees for licensed lenders: 36% per anum on the portion not exceeding $3,000 24% per annum on the portion between $3,000-$8,400 18% per annum on the portion between $8,400-$10,000 21% on the remainder exceeding $10,000.Source: Conference of State Bank Supervisors · as of 2026 |
|---|---|
| Consumer lending regulator | Consumer lenders in Iowa are licensed and supervised by the Iowa Division of Banking.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Iowa Office of the Attorney General.Source: Iowa Office of the Attorney General · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans.Source: Consumer Financial Protection Bureau · as of 2024 |
Compare offers in Audubon
Use the APR calculator if an offer quotes an interest rate and a separate fee - the APR is the number that lets you compare it fairly with other offers.
Then check affordability with the debt-to-income calculator before you submit an application.
Check your rate with a lending partner in about two minutes. Checking does not affect your credit score.
Check your rateWe may be paid a commission if you apply through this link. This does not affect our calculators or guides, which are free and independent.
Frequently asked questions
Will applying for a loan in Audubon affect my credit score?
A pre-qualification check is typically a soft inquiry and does not affect your score. A full application is usually a hard inquiry, which can have a small, temporary effect.
What should I compare between two loan offers in Audubon?
Compare the APR rather than the interest rate, the term, any origination fee, and whether there is a prepayment penalty. The total amount repaid is the clearest single number.
Are payday loans available in Iowa?
Iowa has its own rules for short-term credit, which the sourced table above describes. Where a state restricts a product, lenders either change the terms or stop offering it locally.
Where can I check that a lender serving Audubon is legitimate?
The consumer lending regulator named in the table above publishes licence lookups. Checking a lender's licence before you share personal details is a reasonable precaution.
Nearby cities
- Personal loans in Ida Grove, IA
- Personal loans in Toledo, IA
- Personal loans in Mediapolis, IA
- Personal loans in Lake Mills, IA
- Personal loans in Cascade, IA
- Personal loans in Columbus Junction, IA
- Personal loans in Alta, IA
- Personal loans in Sumner, IA
- Personal loans in Granger, IA
- Personal loans in Northwood, IA