Lanesboro at a glance
- Population: roughly 114 people; 799th of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 118 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 3.4% lower than the 2020 Census base (US Census Bureau).
- Rank among Iowa places: the 799th-largest of 940 (US Census Bureau, 2023 estimate).
- Size percentile: ahead of around 15% of Iowa places in population terms (US Census Bureau).
- Coordinates: it sits at 42.1825, -94.6898 in the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Lake City, IA (6 mi); Lidderdale, IA (6 mi); Glidden, IA (9 mi); Lohrville, IA (9 mi); Auburn, IA (11 mi) (US Census Bureau populations).
- Nearest smaller communities: Ralston, IA (10 mi); Yetter, IA (12 mi); Rinard, IA (15 mi), each a US Census place.
What a personal loan costs in Lanesboro
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
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.
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.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Iowa lending rules that apply in Lanesboro
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 Lanesboro
Before you commit to a personal loan in Lanesboro, work through these steps:
- 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.