Personal loans in Wellman, IA
With roughly 1,516 residents, Wellman is a small community, and the lending rules its borrowers live under are written in Iowa, not by the city. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Wellman's 1,516 residents. Wellman ranks 206th of 940 places in Iowa, with a population near 1,516. For a community of about 1,516, the practical step is to compare APR across at least three lenders before committing. Wellman lost roughly 0.5% of its population across the 2020-to-2023 comparison. The nearest larger city is Kalona, IA about 7 miles away.
Wellman by the numbers
Here is the sourced Census picture for Wellman, plus the Iowa lending rules that apply to a loan taken out here.
- Population: the Census counts 1,516 residents in Wellman (Vintage 2023 subcounty estimate), the 206th-largest figure among Iowa's 940 places.
- Population trend: Down about 0.5% from the 2020 Census base to the 2023 estimate.
- Change in people: the 2020-to-2023 comparison is a loss of about 8 residents.
- Size percentile: Wellman sits ahead of around 78% of Iowa places, at 1,516 people.
- Density: the Census land area of 1.1 sq mi holds about 1,414 people per square mile.
- By land area: Wellman ranks 358th among Iowa's 940 places, at 1.1 sq mi.
- Share of state population: Wellman's 1,516 residents are about 0.1% of Iowa.
- Nationally: Wellman is the 8,652nd-largest of 19,457 Census places in the dataset.
- Growth in Iowa: Wellman stands 348th by percentage change from 2020 to 2023, among 940 places.
- Against the state trend: Wellman's 0.5% change compares with a Iowa average of -0.7% across its 940 places.
- Density rank: Wellman places 95th among Iowa's places by people per square mile.
- Against the state median: Wellman runs about 1,414 residents per square mile, where the Iowa median is 672.
- Location: latitude 41.4692, longitude -91.8352 (Census Gazetteer).
- Nearest larger cities: Kalona (7 mi); Washington (14 mi); Williamsburg (17 mi); Tiffin (19 mi); Coralville (20 mi). Lenders licensed in the state serve Wellman whether or not they keep a local branch.
- Nearest smaller places: Kinross (8 mi); West Chester (9 mi); Keota (9 mi).
- Smaller places within 50 miles: 103 of them.
- At 100 miles: 146 larger Census places fall inside that radius.
Inside a Wellman personal loan
Most loans made to Wellman's 1,516 residents are unsecured, so nothing is pledged and the lender relies on your credit history. The rate you see advertised is a range, not a promise, until a lender reviews your file in Wellman. A longer term lowers the monthly payment on a Wellman loan but raises total interest, so the smallest payment is not the cheapest loan.
Lender access in Wellman
At roughly 1,414 people per square mile, Wellman is moderately settled; 37 larger places lie within 50 miles. A Iowa licence lets a lender serve Wellman without a local office, so branch density does not change what its 1,516 residents are offered. The nearest bigger place is Kalona, IA about 7 miles away.
The geography behind Wellman
Inside Wellman's boundaries lie about 1.1 square miles of land, with no significant water area recorded. With 1,516 residents, the land area yields roughly 1,414 people per square mile. The largest place in Iowa, Des Moines, lies about 92 miles away. A 50-mile radius around Wellman takes in 37 places that are larger. The 100-mile radius contains 146 larger places.
Wellman in state context
Within Iowa, Wellman holds roughly 0.1% of all residents, the 206th-largest share among 940 places. For population change between 2020 and 2023, Wellman ranks 348th of 940 in Iowa (about the 63th percentile). By density, at about 1,414 people per square mile, it ranks 95th in Iowa. Between 2020 and 2023 the count changed by roughly 8 residents.
How Iowa law applies in Wellman
These are Iowa's sourced lending facts as they reach Wellman's 1,516 residents; the state has no city-level rate rule.
| 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 |
Common questions
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Nearby places
- West Chester, IA — population 147
- Kalona, IA — population 2,739
- Kinross, IA — population 77
- Keota, IA — population 893
- Parnell, IA — population 189
- Washington, IA — population 7,252
- Harper, IA — population 116
- North English, IA — population 1,035