Online Payday Loans in Iowa – Get Your Money With Low or No Interest

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Are you finding yourself short on cash before your next payday? Millions of Americans get caught off guard by unexpected bills – and need a cash advance to stretch their paychecks over the course of a few days or even weeks.

Financial emergencies happen. We get it! Some lenders will try to charge you high fees for a short-term cash advance. Don’t settle before exploring all your options.

Options for Payday Loans in Iowa

Payday loans may seem attractive because they’re fast and don’t require any credit – but they also come with high interest rates and fees which make them very expensive. Payday loans are actually some of the most predatory lending methods around. We’ll go over some of the things you can expect. 


While there is no credit score requirement to apply for a payday loan in Iowa, you will have to provide valid identification, your Social Security number, proof of regular income, and your bank account information. Some payday lenders will check if you meet a minimum income requirement.

Credit Affects

Payday lenders will not typically look into your credit report. You can qualify for payday loans even if you have poor or no credit. However, failing to make payments on time will harm your credit score.

Maximum Amount of Loans

The state of Iowa will not allow you to have more than 2 outstanding loans at a time.

Max Loan Amount

The state of Iowa sets a maximum loan amount of $500. Your loan term will be capped at 31 days. If you fail to pay everything you owe by the due date, you will not be allowed to roll over your loans.


You will be charged a variety of fees if you fall behind on your loan or are unable to pay it in full. This will negatively impact your credit score – making it more difficult for you to secure a loan in the future.

Payday Loan Alternatives in Iowa

Payday loans may seem convenient at first – but their high interest rates and fees could leave you struggling in a cycle of debt. It’s not worth the risk! Especially because there are options that are safer, more affordable, more convenient. Consider these alternatives.


Instacash allows you to get up to $250 from your paycheck anywhere and anytime through the MoneyLion app. You can use Instacash as often as you need, and the money will deposit instantly.

There are zero interest rates and no credit checks. You won’t risk harming your credit score because Instacash will never open a hard inquiry on your credit report and doesn’t report to credit bureaus – the same can’t be said about payday loans.

You can read more about Instacash here.

InstacashLocal Payday Lender
How Much Can You Borrow?$250$500
Fees & Interest– 0% APR $3.99 for instant deposit to your MoneyLion Bank Account
– $4.99 to instantly deposit to an alternative bank account
– Up to 433% APR
– $15 in finance fees for a loan up to $100
– $10 in finance fees on every
– $100 borrowed thereafter
Impacts Your Credit?NoYes, will harm your score if you miss a payment
AvailabilityOnline & MobileIn-store & sometimes online
Wait TimeInstantly*About 24 hours
Next StepsSign Up

Take control of your finances

Payday loans come with high interest rates and fees that can end up costing you hundreds more than you initially borrowed. MoneyLion understands financial emergencies happen – which is why we’ve come up with safer and more affordable lending alternatives. MoneyLion can also help you with your long-term financial goals. Now is the time to take control of your financial future with MoneyLion.

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