Personal loans in Waverly, IA
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Waverly, IA.
The median household in Waverly earns $80,284 a year, 7% above the Iowa median of $75,059. About 11% of residents live below the federal poverty line, and 31.0% of households rent their home.
Iowa law that applies in Waverly
| Rate cap | The Superintendent of Banking sets maximum rates by rule for regulated loans of $30,000 or less. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Up to the 'threshold amount', which Iowa ties to the federal Truth in Lending threshold in 12 C.F.R. |
Full rules with statute citations: Personal Loans in Iowa. Cities in Iowa cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Waverly
Lenders that serve Waverly typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Waverly
What Waverly borrowers use it for
cover a short gap before payday
Medical billspay a doctor, dentist or pharmacy bill now
Moving costsdeposits, trucks and first-week expenses
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Waverly
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Waverly
7 FDIC-insured bank branches from 5 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| First Bank | 3 | 316 E Bremer Ave, Waverly 50677 |
| Fidelity Bank & Trust | 1 | 1503 4th St Sw, Waverly 50677 |
| Farmers State Bank | 1 | 2101 4th St Sw, Waverly 50677 |
| CUSB Bank | 1 | 933 16th St Sw, Waverly 50677 |
| Denver Savings Bank | 1 | 1810 4th Street Sw, Waverly 50677 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Waverly
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Veridian | 315 Oak Ridge Cir, Waverly 50677 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Bremer County · Payday Loans in Waverly
Frequently asked questions
Can I get a personal loan with bad credit in Waverly?
Possibly. Lenders in our network consider applicants with fair and bad credit across Iowa, including Waverly. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Waverly, IA?
Regulated lenders: rates set by Banking Superintendent rule; 2026 rule rewrite unclear.
How fast can I get a personal loan in Waverly?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
What is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Waverly borrowers who qualify.
How long does it take to get a personal loan in Waverly?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Waverly.
Can I get an emergency loan with bad credit in Waverly?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Waverly residents can see if they qualify in about 3 minutes.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
Can I get a personal loan in Waverly with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Waverly residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Do I need to visit a store in Waverly?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.