Waterloo, IA · Midwest · Allowed
Payday loans in Waterloo
Waterloo is governed by Iowa's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Iowa. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Waterloo
67,934 residents · Black Hawk County Median household income is $41,933 — below the Iowa median of $55,032.
1 storefront location of 1 company listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| Advance America Check Cashing/Pay-day Loans | 1519 East San Marnan Dr, 50702 | (319) 233-6584 | Mon 10:00 AM - 5:00 PM · hours vary |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Iowa page before visiting. Spot an error? Report it.
The online route in Waterloo
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Iowa follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Iowa regulator.
The rules behind the numbers
Delayed deposit transactions are short-term loans designed to address emergency financial needs and should not be used as long-term options.
In practice: borrow $300 for a standard term and the finance charge is $35 — $335 repaid at the end, about 304% APR. Every compliant lender in Waterloo has to fit inside that schedule.
Statute: Iowa Code Ch. 533D
Regulator: Iowa Division of Banking · www.idob.state.ia.us
Questions people ask in Waterloo
Are payday loans legal in Waterloo, IA?
Yes. Storefront payday lending is permitted across Iowa, and Waterloo runs under the same state rules: maximum loan $500, fees capped at $15 on first $100, plus $10 per additional $100. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Waterloo?
The same as anywhere in Iowa: state law sets the schedule. On a typical $300 loan the finance charge is about $35 — $335 repaid at the end of the standard term.
Which lenders have stores in Waterloo?
1 storefront is listed in Waterloo in our 2022-02-20 directory snapshot (1 different company). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Waterloo?
Complaints about a lender go to the Iowa Division of Banking (www.idob.state.ia.us) — keep the loan agreement and every fee disclosure you were given.