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.

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

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

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.

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.

RuleDetailSource
State lending regulatorIowa 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 capFee 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

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Wellman 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 Wellman is the same as anywhere in Iowa.
What loan size can I expect in Wellman?
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 Wellman?
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 Wellman 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

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