Slater at a glance
- Population: 1,600 residents, the 197th-largest of 940 places in Iowa (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 1,541 residents here (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 3.8% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Iowa places: the 197th-largest of 940 (US Census Bureau, 2023 estimate).
- Size percentile: about 79% of Iowa's Census places are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 41.8807, -93.6912.
- Nearest larger cities: Huxley, IA (5 mi); Madrid, IA (7 mi); Polk City, IA (7 mi); Ames, IA (11 mi); Granger, IA (11 mi) (Census populations, approximate straight-line distance).
- Nearest smaller places: Sheldahl, IA (1 mi); Kelley, IA (5 mi); Alleman, IA (6 mi) (US Census Bureau estimates).
What a personal loan costs in Slater
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
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-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 Slater
The table carries the Iowa rate and licensing rules that apply to consumer loans made in Slater.
| 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 Slater
The order below is a sensible way to approach a loan in Slater:
- 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.