Colwell at a glance
- Population: 57, the 890th-largest community in Iowa out of 940 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 58 residents here (US Census Bureau).
- 2020 to 2023 change: about 1.7% lower than the 2020 Census base (US Census Bureau).
- Rank among Iowa places: 890th of the state's 940 Census places (US Census Bureau).
- Size percentile: about 5% of Iowa's Census places are smaller (US Census Bureau).
- Coordinates: 43.1572 latitude, -92.5916 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Charles City, IA (8 mi); Floyd, IA (8 mi); Alta Vista, IA (9 mi); North Washington, IA (9 mi); Elma, IA (10 mi) (US Census Bureau populations).
- Smaller places close by: Bassett, IA (8 mi); Jackson Junction, IA (28 mi); Myrtle, MN (40 mi) (US Census Bureau).
What a personal loan costs in Colwell
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Iowa lending rules that apply in Colwell
The sourced rows below are the rules a licensed lender must follow when lending in Iowa, and therefore in Colwell.
| 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 Colwell
Here is a short checklist for comparing personal loans in Colwell:
- 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.