Personal loans in Drakesville, IA

Verify the lender's Iowa licence against the regulator named below before borrowing in Drakesville. State law, not city hall, decides what a lender may do to Drakesville's roughly 170 residents, and a state regulator supervises it. The 2020 count to the 2023 estimate shows about 3.7% growth in Drakesville. The closest larger place is Bloomfield, IA about 5 miles away.

Where Drakesville stands

Drakesville is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: about 170, ranked 706th of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
• Population trend: Growth of about 3.7% across the 2020-to-2023 comparison.
• Net change: roughly 6 more people than the 2020 Census counted.
• Size percentile: roughly 25% of Iowa places rank below Drakesville.
• Population density: about 697 people per square mile (Census land area 0.2 sq mi).
• Land area rank: Drakesville's 0.2 square miles rank 840th of 940 places in Iowa.
• Share of Iowa: Drakesville holds about 0.0% of the state's population, some 170 people.
• National standing: Drakesville ranks 16,944th of 19,457 US places.
• Growth rank: Drakesville's 2020-to-2023 change ranks 55th of 940 places in Iowa.
• State comparison: Iowa's places average -0.7% for 2020-to-2023, against Drakesville's 3.7%.
• Density in Iowa: Drakesville ranks 456th by people per square mile.
• Density vs Iowa: Drakesville's 697 people per square mile compare with a state median of 672.
• Location: 40.7986, -92.4813 (Census Gazetteer coordinates).
• Nearest larger cities: Bloomfield (5 mi); Moulton (13 mi); Pulaski (13 mi); Blakesburg (14 mi); Ottumwa (16 mi). Lenders licensed in the state serve Drakesville whether or not they keep a local branch.
• Smaller communities within reach: Floris (9 mi); Unionville (11 mi); Udell (14 mi).
• Within a 50-mile radius: 46 smaller Census places.
• Within 100 miles: 333 places are larger than Drakesville.

Iowa consumer-lending rules applied in Drakesville

This table holds the Iowa rate and licensing rules for consumer loans made to Drakesville's 170 residents.

The geography behind Drakesville

Inside Drakesville's boundaries lie about 0.2 square miles of land, with no significant water area recorded. The resulting density is about 697 people per square mile. The state's population centre of gravity, Des Moines, is roughly 79 miles away. Counting outward 50 miles, 70 larger communities surround Drakesville. The 100-mile radius contains 333 larger places.

Getting a loan in Drakesville

With about 697 residents per square mile, Drakesville is moderately settled, and 70 larger Census places sit within 50 miles. A Iowa licence lets a lender serve Drakesville without a local office, so branch density does not change what its 170 residents are offered. The nearest bigger place is Bloomfield, IA about 5 miles away.

What a Drakesville borrower is actually offered

A Drakesville personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 170 residents. Federal Truth in Lending rules require a Drakesville lender to disclose the APR and finance charge before you sign. Shortening the term on a Drakesville loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Drakesville's place among Iowa's 940 places

Drakesville is the 706th-largest of 940 Census places in Iowa and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Drakesville stands 55th among Iowa's 940 places — roughly the 94th percentile. By density, at about 697 people per square mile, it ranks 456th in Iowa. By land area, its 0.2 square miles rank 840th of 940 places in Iowa.