Cash advances in Iowa City follow Iowa law: up to $500, fee $15 on first $100, plus $10 per additional $100, term Max 31 days. The state’s typical $300 loan costs $35 in fees and repays $335 — about 304% APR.
| Max amount | $500 |
|---|---|
| Max fee / rate | $15 on first $100, plus $10 per additional $100 |
| Term | Max 31 days |
| Rollovers | Forbidden |
| APR on the typical loan | 304% |
| Regulator | Iowa Division of Banking |
Statute: Iowa Code Ch. 533D · details on the Iowa state page
| County | Johnson County |
|---|---|
| Population | 74,398 |
| Median household income | $42,375 |
| Rank in Iowa | #5 by population among covered cities |
| State rules apply | Allowed · cap $500 |
High-cost lenders size loans against your deposit flow, not your address. In Iowa City, where the median household brings in $42,375 a year, a $300 advance with a $35 fee is one of the smaller recurring hits a budget can take — which is exactly why the cap exists.
Derived from ’s own worked example (a $300 loan carrying a $35 fee). Round figures in dollars.
| Amount | Fee for the term | Total repaid | APR ballpark |
|---|---|---|---|
| $100 | $1,167 | $1,267 | 304% |
| $255 | $2,976 | $3,231 | 304% |
| $300 | $3,501 | $3,801 | 304% |
| $500 | $5,835 | $6,335 | 304% |
Fee rate: $15 on first $100, plus $10 per additional $100 · statute Iowa Code Ch. 533D. Some states hand you the amount minus the fee; others fund the full amount — your contract controls.
Composite scenarios built from typical situations and the cost math on this page — not quotes from named individuals.
A refrigerator dies in summer. A used replacement is available today at a cash price. The advance buys the replacement now instead of rent-to-own; the $60 fee on a $560 repayment is a one-time cost against months of installments.
One-time fees compound slower than weekly rental contracts — compare totals.
A household is one bill behind and the utility sets a reconnect deadline later this week. Borrowing now keeps the power on and avoids a reconnect charge; repaying $112 on payday costs $12 for the bridge.
Reconnect fees plus deposit requirements often exceed the advance fee — but only compare before borrowing.
Payday lands four days after the rent deadline. The gap is small but the late fee is not. The advance closes the gap on time; repaying $286 — $31 in fees — beats the landlord’s late penalty and a court-filing risk.
Price the loan against the exact penalty it prevents.
Iowa law sets one price for the whole state: up to $500 with $15 on first $100, plus $10 per additional $100. A typical $300 advance costs $35 and repays $335. City does not change the price — state does.
Storefront locations change often; this site does not list individual stores. The national chains and independents price at the same state cap — verify any location with the Iowa Division of Banking before you sign. Our cash advance places guide covers the chains and the license check.
Lenders typically want steady income with a deposit history in your account — a pay stub or benefits letter is enough at most no-credit-check lenders. Median household income in Iowa City is $42,375; lenders set no city-specific threshold.
Ready to move? Request your cash advance now — free to check, no hard credit pull at this step.
Free check for Iowa City, IA · no hard credit pull at this step.
