Personal loans in Maloy, IA

Personal loans in Maloy, Iowa are mostly unsecured, so the APR you see reflects how a lender reads your credit. By population, Maloy sits at 931st in Iowa, with an estimated 26 residents. Census figures show Maloy holding steady across 2020 to 2023. A single loan can carry different costs on either side of a state line, because each state sets its own lending rules. Get pre-qualified with several lenders, then compare APR rather than the headline rate. For a bigger market, look to Benton, IA about 3 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

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Borrowing in Maloy: the local picture

Set out below is Maloy's local context next to the state-level rules that reach every lender here.

Population: the Census counts 26 residents in Maloy (Vintage 2023 subcounty estimate), the 931st-largest figure among Iowa's 940 places.
Population trend: Roughly level with the 2020 Census base.
Size percentile: roughly 1% of Iowa's places have fewer residents.
Location: latitude 40.6706, longitude -94.4096 (Census Gazetteer).
Nearest larger cities: Benton (3 mi); Redding (5 mi); Blockton (5 mi); Mount Ayr (10 mi); Clearfield (10 mi). Living near a larger metro rarely changes what is available in Maloy.
Nearest smaller towns: Irena (9 mi); Conway (12 mi); Ellston (20 mi).

What Iowa law requires in Maloy

Below are the Iowa rules that reach a loan made in Maloy, each with the regulator that issued it.

Rule	Detail	Source
State lending regulator	Iowa Division of Banking (IDOB), Iowa Department of Insurance and Financial Services Source says: "As part of the 2023 state government realignment, the IDOB became part of a new Department of Insurance and Financial Services".	Iowa Division of Banking as of 2026-09-16
Delayed deposit fee cap	Fee cap: $15 on first $100 of check face amount; $10 on subsequent $100 increments Source says: "fifteen dollars on the first one hundred dollars ... or more than ten dollars on subsequent one hundred dollar increments".	Iowa Legislature (Iowa Code) as of 2026-09-16
Maximum legal interest rate (usury cap)	2 percentage points above the monthly average 10-year U.S. Treasury constant maturity rate (written agreements) Source says: "The maximum lawful rate of interest ... in any written agreement ... shall be two percentage points above the monthly average ten-year constant maturity interest rate".	Iowa Legislature (Iowa Code) as of 2026-09-16
Payday lending status	Permitted under license (delayed deposit services; must be physically located in Iowa) Source says: "A person shall not operate a delayed deposit services business in this state unless the person is physically located in this state and licensed by the superintendent".	Iowa Legislature (Iowa Code) as of 2026-09-16
Small-loan / installment lender licensing	Regulated Loan Act license required (superintendent of banking) Source says: "shall not engage in the business of making loans ... without first obtaining a license from the superintendent of banking".	Iowa Legislature (Iowa Code) as of 2026-09-16

What a Maloy personal loan looks like

A personal loan in Maloy is an installment loan: a lump sum up front, repaid in fixed monthly payments over a set term, usually two to seven years. Only when you accept an offer and finish a full application does the lender run a hard inquiry, which may cost a few points for a short time. If the payment would strain your budget, a smaller loan or a longer saving period is the safer route.

A pre-application checklist for Maloy

Complete these steps first when you borrow in Maloy:

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
Price the payment first with our personal loan calculator before any lender quotes you.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Confirm the lender holds a Iowa licence by checking the regulator named above.
Do not borrow more than the expense calls for, even if a lender approves a larger amount.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Maloy if my credit is poor?

Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Maloy is the same as anywhere in Iowa.

What loan size can I expect in Maloy?

Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.

Do I have to pledge anything to borrow in Maloy?

For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.

Does comparing loans in Maloy cost me credit score points?

Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Benton, IA — population 40
Redding, IA — population 64
Blockton, IA — population 125
Irena, MO — population 12
Clearfield, IA — population 282
Diagonal, IA — population 338
Mount Ayr, IA — population 1,626
Grant City, MO — population 789