Newell at a glance
- Population: 847 (US Census Bureau, Vintage 2023 subcounty estimate), the 320th-largest of 940 places in Iowa.
- 2020 Census base: 905 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: a decline of roughly 6.4% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Iowa places: 320th of the state's 940 Census places (US Census Bureau).
- Size percentile: roughly 66% of places in Iowa rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 42.6097, -95.0040.
- Nearest larger cities: Storm Lake, IA (10 mi); Sac City, IA (13 mi); Alta, IA (16 mi); Laurens, IA (18 mi); Pocahontas, IA (19 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Varina, IA (6 mi); Nemaha, IA (8 mi); Fonda, IA (8 mi), each a US Census place.
What a personal loan costs in Newell
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Iowa lending rules that apply in Newell
The sourced rows below are the rules a licensed lender must follow when lending in Iowa, and therefore in Newell.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Newell
Here is a short checklist for comparing personal loans in Newell:
- 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.