Fort Madison, IA · Midwest · Allowed
Payday loans in Fort Madison
Fort Madison is governed by Iowa's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Iowa. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Fort Madison
10,597 residents · Lee County Median household income is $42,595 — below the Iowa median of $55,032.
| Nearest storefronts | Town | Phone |
|---|---|---|
| Advance America | Burlington 16 mi | (319) 754-7655 |
| Advance America | Keokuk 16 mi | (319) 524-6764 |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Iowa page before visiting. Spot an error? Report it.
The online route in Fort Madison
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Iowa follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Iowa regulator.
The rules behind the numbers
Delayed deposit transactions are short-term loans designed to address emergency financial needs and should not be used as long-term options.
In practice: borrow $300 for a standard term and the finance charge is $35 — $335 repaid at the end, about 304% APR. Every compliant lender in Fort Madison has to fit inside that schedule.
Statute: Iowa Code Ch. 533D
Regulator: Iowa Division of Banking · www.idob.state.ia.us
Questions people ask in Fort Madison
Are payday loans legal in Fort Madison, IA?
Yes. Storefront payday lending is permitted across Iowa, and Fort Madison runs under the same state rules: maximum loan $500, fees capped at $15 on first $100, plus $10 per additional $100. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Fort Madison?
The same as anywhere in Iowa: state law sets the schedule. On a typical $300 loan the finance charge is about $35 — $335 repaid at the end of the standard term.
Which lenders have stores in Fort Madison?
Our 2022-02-20 directory snapshot lists no storefront lenders in Fort Madison — the closest listed locations are in Burlington, Keokuk.
Who regulates lenders in Fort Madison?
Complaints about a lender go to the Iowa Division of Banking (www.idob.state.ia.us) — keep the loan agreement and every fee disclosure you were given.