Millerton at a glance
- Population: roughly 43 people; 904th of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 43 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about the same as at the 2020 Census (US Census Bureau).
- Rank among Iowa places: 904th of the state's 940 Census places (US Census Bureau).
- Size percentile: ahead of around 4% of Iowa places in population terms (US Census Bureau).
- Coordinates: latitude 40.8499, longitude -93.3066 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Corydon, IA (6 mi); Derby, IA (10 mi); Humeston, IA (10 mi); Allerton, IA (10 mi); Russell, IA (11 mi) (US Census Bureau populations).
- Nearest smaller communities: Le Roy, IA (15 mi); South Lineville, MO (22 mi); Rathbun, IA (22 mi), each a US Census place.
What a personal loan costs in Millerton
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Iowa lending rules that apply in Millerton
Read the table as the compliance picture for a lender serving Millerton: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Millerton
The steps below are worth completing first when you borrow in Millerton:
- 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.