- Payday loans in Gilbert follow Iowa law (Iowa delayed deposit services law (Iowa Code ch. 533D)).
- Borrowing $300 at the state maximum costs $35 on a $300 check.
- The nearest larger city is Ames, about 6 miles away.
Gilbert at a glance
| Gilbert | |
|---|---|
| Population (2024 Census estimate) | 1,397 |
| Change since 2020 | +15.7% (growing fast) |
| County | Story County |
| Size rank among 609 Iowa places we cover | 218th |
| Nearest larger city | Ames (about 6 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Story County | 2 |
| Other towns within 25 miles | 28 (about 123,339 residents) |
| Typical payday APR statewide (CRL 2023) | 247% |
Payday lending in Gilbert follows Iowa state law. Lenders that serve Gilbert, in a store or online, must be licensed by the Iowa Division of Banking.
Credit unions near Gilbert
No credit union has its main office in Gilbert, but these are based elsewhere in Story County (NCUA, June 2026):
- River Valley Credit Union in Ames (state charter)
- Greater Iowa Credit Union in Ames (state charter)
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
Payday loan rules that apply in Gilbert
The main Iowa rules for a payday loan in Gilbert: maximum: checks totaling $500 or less, including fees; maximum fee: $15 on the first $100, $10 on each additional $100; loan term: up to 31 days. See the full Iowa payday loan rules.
What a $300 loan costs in Gilbert
At Iowa’s maximum fee, borrowing $300 costs $35 on a $300 check. Statewide, the typical APR on a $400 payday loan was 247% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Story County before you borrow
- Call or text 211 for help with rent, utilities and food in Story County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Gilbert
The nearest larger city is Ames, about 6 miles away. See all 609 Iowa cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Gilbert?
Yes. Payday loans are legal in Gilbert under Iowa state law, and lenders must be licensed by the Iowa Division of Banking.
How much does a payday loan cost in Gilbert?
At Iowa’s maximum fee, borrowing $300 costs $35 on a $300 check. The typical statewide APR was 247% in 2023.
Where is the nearest credit union to Gilbert?
No credit union is headquartered in Gilbert, but River Valley Credit Union is based in Ames, also in Story County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Iowa Division of Banking — Delayed deposit services history
- Iowa Administrative Code ch. 17 — Delayed deposit services
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary