Waverly at a glance
- Population: 10,561 — 40th in Iowa, which has 940 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 10,395 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population rose about 1.6% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Iowa places: 40th by size among 940 communities (US Census Bureau).
- Size percentile: larger than about 96% of the Census places in Iowa (US Census Bureau).
- Coordinates: 42.7220 latitude, -92.4695 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Cedar Falls, IA (14 mi); Waterloo, IA (17 mi); Mason City, IA (47 mi); Marshalltown, IA (52 mi); Marion, IA (65 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Janesville, IA (5 mi); Shell Rock, IA (6 mi); Denver, IA (8 mi), per US Census Bureau estimates.
What a personal loan costs in Waverly
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Iowa lending rules that apply in Waverly
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Waverly
These steps are the ones that most affect the offer you receive in Waverly:
- 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.