Garwin at a glance
- Population: 472 (US Census Bureau, Vintage 2023 subcounty estimate), the 452nd-largest of 940 places in Iowa.
- 2020 Census base: the 2020 count put the population at 484 (US Census Bureau).
- 2020 to 2023 change: about 2.5% below the 2020 Census base (US Census Bureau).
- Rank among Iowa places: 452nd by size among 940 communities (US Census Bureau).
- Size percentile: roughly 52% of places in Iowa rank below it by population (US Census Bureau).
- Coordinates: mapped at 42.0935, -92.6791 by the US Census Bureau Gazetteer.
- Nearest larger cities within 120 miles: Gladbrook, IA (7 mi); Le Grand, IA (8 mi); Toledo, IA (9 mi); Tama, IA (10 mi); Marshalltown, IA (12 mi) (US Census Bureau).
- Smaller places nearby: Montour, IA (8 mi); Beaman, IA (11 mi); Lincoln, IA (12 mi), per US Census Bureau estimates.
What a personal loan costs in Garwin
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Garwin
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Garwin
These steps are the ones that most affect the offer you receive in Garwin:
- 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.