Guernsey at a glance
- Population: roughly 61 people; 883rd of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 63 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down about 3.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Iowa places: 883rd of 940 by population (US Census Bureau, Vintage 2023).
- Size percentile: about 6% of Iowa's Census places are smaller (US Census Bureau).
- Coordinates: 41.6506, -92.3460 (US Census Bureau Gazetteer).
- Nearest larger cities: Deep River, IA (5 mi); Victor, IA (6 mi); Brooklyn, IA (8 mi); Hartwick, IA (9 mi); Montezuma, IA (10 mi); US Census Bureau population estimates.
- Smaller places nearby: Gibson, IA (12 mi); Thornburg, IA (13 mi); Vining, IA (24 mi), per US Census Bureau estimates.
What a personal loan costs in Guernsey
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Iowa lending rules that apply in Guernsey
Each row below is a Iowa rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Guernsey
A few practical steps will make the process in Guernsey less costly:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Iowa using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.