Best Loans in Indiana, Payday, Auto Title Laws of March 2024

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Last Update: November 2, 2022 Loans By State
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According to Indiana’s Uniform Consumer Credit Code, supervised lenders can levy the following finance charges for installment loans:

  • 36% per year on the first $2,000.
  • 21% per year on amounts > $2,000 but ≤ $4000.
  • 15% per year on amounts > $4,000.
  • 25% on the entire principal.

The maximum loan term is 25 months for loans of up to $300 or less and 37 months for loans above $300.

Best Bad Credit Loans in Indiana of March 2024

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 72 Months

Licensed in Indiana:

Yes

Amount:

$1,000 - $50,000

Min. Credit Score:

300

APR:

5.6% - 35.99%

Approval:

5 Minutes

Terms:

3 - 5 Years

Licensed in Indiana:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Indiana:

Yes

Amount:

$100 - $15,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Indiana:

Yes

Amount:

$100 - $40,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Indiana:

Yes

Amount:

$200 - $5,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

5 Minutes

Terms:

1 - 60 Months

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

12 - 120 Months

Licensed in Indiana:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

580

APR:

5.99% - 35.99%

Approval:

< 1 Day

Terms:

90 Days - 72 Months

Licensed in Indiana:

Yes

If you require additional assistance, see our complete guide on bad credit loans.

Best Personal Loans for Good Credit in Indiana of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Indiana:

Yes

Amount:

$2,000 - $40,000

Min. Credit Score:

640

APR:

7.95% - 35.99%

Approval:

1 - 3 Days

Terms:

36 - 60 months

Licensed in Indiana:

Yes

Amount:

$1,000 – $100,000

Min. Credit Score:

0

APR:

4.99 - 35.99%

Approval:

1 Day

Terms:

12 - 120 months

Licensed in Indiana:

Yes

Amount:

$1,000 – $35,000

Min. Credit Score:

580

APR:

5.99% – 35.99%

Approval:

< 1 Day

Terms:

90 Days – 72 Months

Licensed in Indiana:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

500

APR:

3.99% – 35.99%

Approval:

< 1 Day

Terms:

1 – 5 Years

Licensed in Indiana:

Yes

Amount:

$1,000 – $50,000

Min. Credit Score:

600

APR:

7.99% - 35.97%

Approval:

< 1 Day

Terms:

3 - 5 Years

Licensed in Indiana:

Yes

Amount:

$5,000 – $35,000

Min. Credit Score:

640

APR:

5.99% – 24.99%

Approval:

1 – 7 Days

Terms:

2 - 5 Years

Licensed in Indiana:

Yes

Amount:

$2,500-$35,000

Min. Credit Score:

660

APR:

6.99-24.99%

Approval:

1 Day

Terms:

24 - 84 Months

Licensed in Indiana:

Yes

Amount:

$7,500 - $40,000

Min. Credit Score:

680

APR:

6 - 15%

Approval:

1 - 7 Days

Terms:

36 - 84 months

Licensed in Indiana:

Yes

Payday Loan Laws in Indiana of March 2024

Maximum Loan Amount: $550

Minimum Loan Term: 14 days

Maximum Loan Term: Not specified

Maximum Fee: 15% for loans ≤ $250

Maximum APR: Average 382%

Rollovers: Prohibited

Loan Limit: Two at a time

Payday loans are legal in Indiana.

But according to Indiana’s Small Loan Law, licensed lenders are required to cap loans at $550. The minimum loan term is 14 days, and the average APR is 382%. Rollovers are prohibited. However, lenders can offer borrowers three extensions if they cannot repay the loan on time.

Finance charges are:

  • For loans of ≤ $250, licensed lenders can charge upwards of 15%.
  • For loans of $251 to $400, licensed lenders can charge upwards of 13%.
  • For loans of $401 to $550, licensed lenders can charge upwards of 10%.

As well, licensed lenders are allowed to levy one non-sufficient fee of up to $20.

Payday Loan Laws in Indiana by Country of March 2024

ElitePersonalFinance analysis of payday loan laws by countries in the State of Indiana.

We haven’t found a significant difference between the payday loan laws in Indiana. If you are with bad credit, here are the laws in Indiana by country.

City:Amount Allowed:APR Allowed:Status:
Indianapolis$550382%Legal
Fort Wayne$550382%Legal
Evansville$550382%Legal
South Bend$550382%Legal
Carmel$550382%Legal
Fishers$550382%Legal
Bloomington$550382%Legal
Hammond$550382%Legal
Gary$550382%Legal
Lafayette$550382%Legal
Muncie$550382%Legal
Noblesville$550382%Legal
Terre Haute$550382%Legal
Kokomo$550382%Legal
Greenwood$550382%Legal
Anderson$550382%Legal
Elkhart$550382%Legal
Mishawaka$550382%Legal
Lawrence$550382%Legal
Columbus$550382%Legal
West Lafayette$550382%Legal
Jeffersonville$550382%Legal
Westfield$550382%Legal
Portage$550382%Legal
New Albany$550382%Legal
Richmond$550382%Legal
Merrillville$550382%Legal
Goshen$550382%Legal
Valparaiso$550382%Legal
Plainfield$550382%Legal
Michigan City$550382%Legal
Granger$550382%Legal
Crown Point$550382%Legal
Schererville$550382%Legal
East Chicago$550382%Legal
Hobart$550382%Legal
Marion$550382%Legal
Zionsville$550382%Legal
Brownsburg$550382%Legal
Franklin$550382%Legal
Munster$550382%Legal
Highland town$550382%Legal
La Porte$550382%Legal
Greenfield$550382%Legal
Clarksville$550382%Legal
Seymour$550382%Legal
Shelbyville$550382%Legal
Logansport$550382%Legal
Vincennes$550382%Legal
New Castle$550382%Legal
Avon$550382%Legal
Huntington$550382%Legal
St. John$550382%Legal
Griffith$550382%Legal
Frankfort$550382%Legal
Crawfordsville$550382%Legal
New Haven$550382%Legal
Dyer$550382%Legal
Lebanon$550382%Legal
Jasper$550382%Legal
Warsaw$550382%Legal
Beech Grove$550382%Legal
Chesterton$550382%Legal
Bedford$550382%Legal
Auburn$550382%Legal
Connersville$550382%Legal
Cedar Lake$550382%Legal
Speedway$550382%Legal
Washington$550382%Legal
Lake Station$550382%Legal
Madison$550382%Legal
Greensburg$550382%Legal
Martinsville$550382%Legal
Peru$550382%Legal
Yorktown$550382%Legal
Greencastle$550382%Legal
Decatur$550382%Legal
Wabash$550382%Legal
Plymouth$550382%Legal
Bluffton$550382%Legal
Danville$550382%Legal
Mooresville$550382%Legal
Lowell$550382%Legal
Kendallville$550382%Legal
Columbia City$550382%Legal
Sellersburg$550382%Legal
Angola$550382%Legal
Princeton$550382%Legal
Elwood$550382%Legal
Brazil$550382%Legal
Charlestown$550382%Legal
Tell City$550382%Legal
Lakes of the Four Seasons$550382%Legal
Whitestown$550382%Legal
Bargersville$550382%Legal
Nappanee$550382%Legal
Huntertown$550382%Legal
Scottsburg$550382%Legal
North Vernon$550382%Legal
Garrett$550382%Legal
Huntingburg$550382%Legal
Ellettsville$550382%Legal
Notre Dame$550382%Legal
Batesville$550382%Legal
McCordsville$550382%Legal
Mount Vernon$550382%Legal
Westville$550382%Legal
Boonville$550382%Legal
Salem$550382%Legal
Rushville$550382%Legal
Dunlap$550382%Legal
Rochester$550382%Legal
Portland$550382%Legal
New Whiteland$550382%Legal
Hartford City$550382%Legal
North Manchester$550382%Legal
Gas City$550382%Legal
Cumberland$550382%Legal
Rensselaer$550382%Legal
Bright$550382%Legal
Winfield$550382%Legal
Hidden Valley$550382%Legal
Monticello$550382%Legal
Linton$550382%Legal
South Haven$550382%Legal
Tipton$550382%Legal
Simonton Lake$550382%Legal
Alexandria$550382%Legal
Lawrenceburg$550382%Legal
Winchester$550382%Legal
Winona Lake$550382%Legal
Cicero$550382%Legal
Highland$550382%Legal
Whiting$550382%Legal
Porter$550382%Legal
Clinton$550382%Legal
Edinburgh$550382%Legal
Ligonier$550382%Legal
Roselawn$550382%Legal
Bremen$550382%Legal
North Terre Haute$550382%Legal
Fortville$550382%Legal
Whiteland$550382%Legal
Mitchell$550382%Legal
Pendleton$550382%Legal
Greendale$550382%Legal
Sullivan$550382%Legal
De Motte$550382%Legal
Berne$550382%Legal
Austin$550382%Legal
Melody Hill$550382%Legal
Leo-Cedarville$550382%Legal
Paoli$550382%Legal
Hebron$550382%Legal
Aurora$550382%Legal
Knox$550382%Legal
Middlebury$550382%Legal
Upland$550382%Legal
Hanover$550382%Legal
Chandler$550382%Legal
Union City$550382%Legal
Ossian$550382%Legal
Pittsboro$550382%Legal
Smithville-Sanders$550382%Legal
Newburgh$550382%Legal
Georgetown$550382%Legal
Attica$550382%Legal
Heritage Lake$550382%Legal
Delphi$550382%Legal
Corydon$550382%Legal
Country Squire Lakes$550382%Legal
Bicknell$550382%Legal

Car Title Loans in Indiana of March 2024

Car title loans are illegal in Indiana.

However, lenders from neighboring Illinois still offer the product to Indiana residents. APRs average 300%, and many car title borrowers lose their vehicle or become trapped in a cycle of debt.

Alternative Payday Loans in Indiana of March 2024

Through its partner institution – FinWise Bank – OppLoans offers installment loans to residents of Indiana. The company is licensed in the state and services all loans issued by FinWise.

Typical installment loans range from $500 to $4,000, and APRs average 160%. As well, loan terms range from 9 to 18 months.

Best Auto Loans for Bad Credit in Indiana of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Indiana:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Indiana:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Indiana:

Yes

Amount:

Up to $100,000

Min. Credit Score:

0

APR:

Vary

Licensed in Indiana:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Indiana:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Indiana:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Indiana:

Yes

Amount:

$1,000 - $45,000

Min. Credit Score:

0

APR:

From 0.99%

Licensed in Indiana:

Yes

Amount:

$1,000 - $35,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Indiana:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Indiana:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Indiana:

Yes

Best Auto Loans for Good Credit in Indiana of March 2024

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

From 1.99%

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

500

APR:

From 3.09%

Licensed in Indiana:

Yes

Amount:

$250 - $500,000

Min. Credit Score:

640

APR:

2.99% - 21.99%

Licensed in Indiana:

Yes

Amount:

$5,000-$100,000

Min. Credit Score:

660

APR:

4.99% to 9.19%

Licensed in Indiana:

Yes

Amount:

$7,500 - $50,000

Min. Credit Score:

500

APR:

From 3.39%

Licensed in Indiana:

Yes

Amount:

$8,000 - $100,000

Min. Credit Score:

500

APR:

2.74% - 27%

Licensed in Indiana:

Yes

Amount:

$1,000 - $100,000

Min. Credit Score:

0

APR:

3.90% - 27.90%

Licensed in Indiana:

Yes

Amount:

$3,000 - $100,000

Min. Credit Score:

650

APR:

From 3.12%

Licensed in Indiana:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

640

APR:

From 3.54%

Licensed in Indiana:

Yes

Amount:

$5,000 – $55,000

Min. Credit Score:

510

APR:

3.99% - 24.99%

Licensed in Indiana:

Yes

Amount:

$5,000 - $100,000

Min. Credit Score:

600

APR:

3.54% - 10.24%

Licensed in Indiana:

Yes

Amount:

$1,500 - $20,000

Min. Credit Score:

0

APR:

18.00% - 35.99%

Licensed in Indiana:

Yes

Credit Unions in Indiana of March 2024

Name:APR:Amount:
Elements Financial9.49% – 11.74%$500 – $25,000
Centra Credit Union10.50% – 18.00%Varies

Elements Financial

At Elements Financial, you can choose between an unsecured signature loan and an EZ line of credit:

  • An Unsecured Signature Loan allows you to borrow up to $25,000 and comes with an average APR of 9.49%. No collateral is required, and the loan is repaid in fixed monthly installments.
  • An EZ Line of Credit offers anywhere from $500 to $2,500 and comes with an average APR of 11.74%. You can access funds when you need them, and repayment terms range from 6 to 12 months.

Elements Financial operates 6 branches across Indiana, with locations in Indianapolis and Greenfield.

Centra Credit Union

While loan amounts vary depending on your credit quality, Centra Credit Union offers competitive APRs for its unsecured loans:

  • 36 Month Terms: APRs range from 10.50% to 18%.
  • 48 Month Terms: APRs range from 11.25% to 18.00%.
  • 60 Month Terms: APRs range from 11.50% to 18.00%.

Centra Credit Union operates 24 branches across Indiana, located in Carmel, Clarksville, Columbus, Indianapolis, etc.

All Licensed Credit Unions in Indiana of March 2024

Name:City:Size (Millions):Members:
TEACHERS CREDIT UNIONGreat Bend$2,160.03273615
CENTRA CREDIT UNIONColumbus$986.49123276
INDIANA MEMBERS CREDIT UNIONIndianapolis$1,330.59110522
FORUM CREDIT UNIONIndianapolis$906.97105973
INDIANA UNIVERSITY CREDIT UNIONBloomington$682.8166581
ELI LILLY FEDERAL CREDIT UNIONIndianapolis$968.2165548
THREE RIVERS FEDERAL CREDIT UNIONFort Wayne$673.2965433
MIDWEST AMERICA FEDERAL CREDIT UNIONFort Wayne$465.4865308
EVANSVILLE TEACHERS FEDERAL CREDIT UNIONEvansville$829.1061606
NOTRE DAME FEDERAL CREDIT UNIONNotre Dame$432.6261185
PURDUE FEDERAL CREDIT UNIONWest Lafayette$699.6260168
INTERRA CREDIT UNIONGoshen$576.5148770
FINANCE CENTER FEDERAL CREDIT UNIONIndianapolis$419.0345492
BEACON CREDIT UNIONWabash$925.7845397
PROFESSIONAL FEDERAL CREDIT UNIONFort Wayne$330.9545200
HERITAGE FEDERAL CREDIT UNIONNewburgh$412.4241699
TECH CREDIT UNIONCrown Point$294.4640644
FORT FINANCIAL FEDERAL CREDIT UNIONFort Wayne$156.9539484
COMMUNITYWIDE FEDERAL CREDIT UNIONSouth Bend$285.3838594
INDUSTRIAL FEDERAL CREDIT UNIONLafayette$143.9733375
CRANE FEDERAL CREDIT UNIONOdon$378.4329560
PARTNERS 1ST FEDERAL CREDIT UNIONFort Wayne$239.6128608
SOLIDARITY COMMUNITY FEDERAL CREDIT UNIONKokomo$171.5125233
INOVA FEDERAL CREDIT UNIONElkhart$245.1724851
HOOSIER HILLS CREDIT UNIONBedford$365.1424171
VIA CREDIT UNIONMarion$267.0323576
REGIONAL FEDERAL CREDIT UNIONHammond$121.2221846
DIAMOND VALLEY FEDERAL CREDIT UNIONEvansville$133.2920374
ADVANCE FINANCIAL FEDERAL CREDIT UNIONSchererville$150.0519816
PRIMETRUST FINANCIAL FEDERAL CREDIT UNIONMuncie$138.4119271
ENCOMPASS FEDERAL CREDIT UNIONTipton$127.4216887
CHIPHONE FEDERAL CREDIT UNIONElkhart$83.9416008
ALLEGIUS FEDERAL CREDIT UNIONBurns Harbor$152.4515207
MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNIONHobart$83.7915194
NATCO CREDIT UNIONRichmond$52.4313910
BALL STATE FEDERAL CREDIT UNIONMuncie$88.3913397
FINANCIAL BUILDERS FEDERAL CREDIT UNIONKokomo$62.4612648
FIRST TRUST CREDIT UNIONMichigan City$86.8112583
MADISON COUNTY FEDERAL CREDIT UNIONAnderson$63.0711973
LAMPCO FEDERAL CREDIT UNIONAnderson$55.0811057
FAMILY HORIZONS CREDIT UNIONIndianapolis$88.3710927
HORIZON ONE FEDERAL CREDIT UNIONIndianapolis$64.5510881
INDEPENDENT FEDERAL CREDIT UNIONAnderson$75.5210422
STERLING UNITED FEDERAL CREDIT UNIONEvansville$56.149163
GENERAL CREDIT UNIONFort Wayne$80.038949
VIGO COUNTY FEDERAL CREDIT UNIONTerre Haute$39.588933
MEMBERS SOURCE CREDIT UNIONMerrillville$70.358898
MEMBERS ADVANTAGE CREDIT UNIONMichigan City$80.588787
CROSSROADS FINANCIAL FEDERAL CREDIT UNIONPortland$35.938483
U S #1364 FEDERAL CREDIT UNIONMerrillville$81.008421
CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNIONKokomo$25.658120
KEMBA INDIANAPOLIS CREDIT UNIONIndianapolis$57.237818
CENTURION FEDERAL CREDIT UNIONEvansville$33.697703
FIRE POLICE CITY COUNTY FEDERAL CREDIT UNIONFort Wayne$83.977695
INDIANA STATE UNIVERSITY FEDERAL CREDIT UNIONTerre Haute$79.117488
HARVESTER FINANCIAL CREDIT UNIONIndianapolis$50.327424
FINANCIAL HEALTH FEDERAL CREDIT UNIONIndianapolis$26.027401
AFENA FEDERAL CREDIT UNIONMarion$52.847337
PERFECT CIRCLE CREDIT UNIONHagerstown$48.317238
LA PORTE COMMUNITY FEDERAL CREDIT UNIONLa Porte$27.447068
AAA FEDERAL CREDIT UNIONSouth Bend$56.377035
PINNACLE CREDIT UNIONFort Wayne$26.096962
EVANSVILLE FEDERAL CREDIT UNIONEvansville$52.706863
NORTHPARK COMMUNITY CREDIT UNIONZionsville$57.426856
NORTHERN INDIANA FEDERAL CREDIT UNIONMerrillville$28.266627
FIREFIGHTERS CREDIT UNIONIndianapolis$51.876269
BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNIONColumbus$31.455998
INDUSTRIAL CENTRE FEDERAL CREDIT UNIONMuncie$44.005972
TAPER LOCK CREDIT UNIONMishawaka$33.225606
ADVANTAGEPLUS OF INDIANA FEDERAL CREDIT UNIONTerre Haute$16.795487
EASTERN INDIANA FEDERAL CREDIT UNIONNew Castle$21.115438
CHARLES ST. COMMUNITY FEDERAL CREDIT UNIONMarion$27.805068
BAR-CONS FEDERAL CREDIT UNIONColumbus$29.114805
INDIANAPOLIS POST OFFICE CREDIT UNIONIndianapolis$52.384598
POLICEMEN’S FEDERAL CREDIT UNIONHuntingburg$61.054513
LAKES FEDERAL CREDIT UNIONMonticello$18.354188
ENERGY PLUS CREDIT UNIONIndianapolis$27.024098
LINK FEDERAL CREDIT UNIONIndianapolis$19.784078
ONE VISION FEDERAL CREDIT UNIONClarksville$38.484004
DIVERSIFIED GENERAL FEDERAL CREDIT UNIONLogansport$5.983852
ITT EMPLOYEES FORT WAYNE DIV FEDERAL CREDIT UNIONFort Wayne$32.973768
SOUTH BEND FIREFIGHTERS FEDERAL CREDIT UNIONGreat Bend$32.173668
FINANCIAL PARTNERS FEDERAL CREDIT UNIONWoodburn$22.243554
HEALTH CARE PROFESSIONALS FEDERAL CREDIT UNIONRichmond$17.393487
PROFESSIONAL POLICE OFFICERS CREDIT UNIONIndianapolis$36.543476
LOCAL 697 FEDERAL CREDIT UNIONMerrillville$31.183307
MEMBERS CHOICE FEDERAL CREDIT UNIONBloomington$14.903231
HAYNES COMMUNITY FEDERAL CREDIT UNIONKokomo$21.873118
MIDWEST FAMILY FEDERAL CREDIT UNIONPortage$24.923111
WHITING REFINERY FEDERAL CREDIT UNIONWhiting$47.183089
HOMETOWN FEDERAL CREDIT UNIONPeru$15.203007
PUBLIC SERVICE #3 CREDIT UNIONFort Wayne$26.142887
L.C. SCHOOL EMPLOYEES FEDERAL CREDIT UNIONGary$25.062861
I.K.I.B.E.W. FEDERAL CREDIT UNIONIndianapolis$7.332779
INDIANA LAKES FEDERAL CREDIT UNIONWarsaw$17.702753
GRAND HERITAGE FEDERAL CREDIT UNIONLa Porte$15.352722
EVANSVILLE FIREFIGHTERS FEDERAL CREDIT UNIONEvansville$17.412698
FIRST COUNTY FEDERAL CREDIT UNIONMuncie$16.532663
HOWARD COUNTY SCHOOL EM FEDERAL CREDIT UNIONKokomo$31.562654
WEATHERHEAD C C FEDERAL CREDIT UNIONColumbia$10.602543
DEARBORN COUNTY HOSPITAL FEDERAL CREDIT UNIONLawrenceburg$11.812475
CENTRAL SOYA FEDERAL CREDIT UNIONDecatur$22.112441
HUNTINGTON SCHOOLS FEDERAL CREDIT UNIONHuntington$7.382346
UNITED CREDIT UNIONWarsaw$10.622331
LAKESIDE FEDERAL CREDIT UNIONHammond$9.972315
PROFINANCE FEDERAL CREDIT UNIONMerrillville$14.612296
FORTRESS FEDERAL CREDIT UNIONMarion$15.032286
WARREN M S D FEDERAL CREDIT UNIONIndianapolis$17.972283
ELCOSE FEDERAL CREDIT UNIONElkhart$14.292281
FREEDOM FINANCIAL FEDERAL CREDIT UNIONFort Wayne$8.512281
EAST ALLEN FEDERAL CREDIT UNIONNew Haven$12.892213
COMMUNITY LINK FEDERAL CREDIT UNIONHuntington$17.152126
MUNCIE FEDERAL CREDIT UNIONMuncie$11.562124
JEFFERSON COMMUNITY FEDERAL CREDIT UNIONMadison$10.582117
A A FEDERAL CREDIT UNIONTerre Haute$9.132064
POWER ONE FEDERAL CREDIT UNIONFort Wayne$10.871986
MUNSEETOWN COMMUNITY FEDERAL CREDIT UNIONMuncie$9.611977
INDIANA HEARTLAND FEDERAL CREDIT UNIONKokomo$6.121960
KOKOMO HERITAGE FEDERAL CREDIT UNIONKokomo$6.441955
DUBOIS-PIKE FEDERAL CREDIT UNIONJasper$21.251871
A H E PLANT 3 FEDERAL CREDIT UNIONWinchester$4.551860
GESB SHEET METAL WORKERS FEDERAL CREDIT UNIONPortage$9.241845
ALL SEASONS FEDERAL CREDIT UNIONIndianapolis$7.791801
SHEET METAL WORKERS FEDERAL CREDIT UNIONIndianapolis$8.421737
FINANS FEDERAL CREDIT UNIONHammond$12.451732
CLIFTY CREEK EMPLOYEES FEDERAL CREDIT UNIONMadison$12.261712
WAYNE TEACHERS FEDERAL CREDIT UNIONRichmond$9.761671
HOOSIER FARM BUREAU CREDIT UNIONIndianapolis$9.751662
DEL MET FEDERAL CREDIT UNIONMuncie$8.701615
CLARK COUNTY INDIANA TEACHERS FEDERAL CREDIT UNIONJeffersonville$9.851609
STATE SERVICE CREDIT UNIONIndianapolis$5.151594
COMMUNITY SPIRIT CREDIT UNIONLawrenceburg$14.191564
GENERATIONS FEDERAL CREDIT UNIONLa Porte$7.681562
WHITEWATER REGIONAL FEDERAL CREDIT UNIONConnersville$6.341442
SOUTH BEND POST OFFICE CREDIT UNIONSouth Bend$10.071420
GAS AND ELECTRIC EMPLOYEES FEDERAL CREDIT UNIONEvansville$7.611412
N & W FEDERAL CREDIT UNIONNew Haven$4.621400
INDIANAPOLIS’ NEWSPAPER FEDERAL CREDIT UNIONIndianapolis$8.441385
SULLIVAN COUNTY CREDIT UNIONSullivan$11.101271
WUFFACE FEDERAL CREDIT UNIONRichmond$3.741254
TIPPECANOE FEDERAL CREDIT UNIONLafayette$10.611202
IMECO FEDERAL CREDIT UNIONSouth Bend$7.661162
JACKSON COUNTY CO-OP CREDIT UNIONSeymour$18.811138
MARTIN COUNTY COOPERATIVE CREDIT UNIONLoogootee$10.071129
T H P FEDERAL CREDIT UNIONTerre Haute$4.381064
FINANCIAL MEMBERS FEDERAL CREDIT UNIONAuburn$3.871051
SOUTH SHORE RAILROAD EMP FEDERAL CREDIT UNIONMichigan City$4.291050
RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNIONRichmond$4.781027
CITY TRUST FEDERAL CREDIT UNIONFort Wayne$8.311011
ADAMS COUNTY CREDIT UNIONMonroe$14.08988
RIVER BEND FEDERAL CREDIT UNIONSouth Bend$4.95981
HUNTINGTON COUNTY FEDERAL CREDIT UNIONHuntington$4.26938
GREAT HORIZONS FEDERAL CREDIT UNIONHammond$2.97837
HULMAN FIELD TECHNICIANS FEDERAL CREDIT UNIONTerre Haute$7.31832
FO ME BO CO FEDERAL CREDIT UNIONWabash$3.05725
RICHMOND STATE HOSPITAL EMPLOYEES CREDIT UNIONRichmond$1.33672
VULCRAFT EMPLOYEES FEDERAL CREDIT UNIONFort Wayne$2.57662
ASSOCIATED FEDERAL CREDIT UNIONElkhart$5.98571
OUR SUNDAY VISITOR EMPLOYEES FEDERAL CREDIT UNIONHuntington$1.93511
I & M TANNERS CREEK EMPLOYEES FEDERAL CREDIT UNIONLawrenceburg$3.29502
CLAY COUNTY FARM BUREAU CO-OP CREDIT UNIONBrazil$8.06477
HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNIONHobart$1.70476
AMAIZO FEDERAL CREDIT UNIONWhiting$1.52458
HAMMOND FIREFIGHTERS ASSN. CREDIT UNIONHammond$1.64447
SEABOARD GATEWAY FEDERAL CREDIT UNIONEvansville$1.41446
GARY FIREFIGHTERS ASSOCIATION FEDERAL CREDIT UNIONGary$2.05411
INDIANA UNITED METHODIST FEDERAL CREDIT UNIONKokomo$2.03410
KOKOMO POST OFFICE CREDIT UNIONKokomo$2.61410
MT ZION INDIANAPOLIS FEDERAL CREDIT UNIONIndianapolis$0.54405
ELKHART POSTAL EMPLOYEES FEDERAL CREDIT UNIONElkhart$1.54388
SOUTH BEND TRANSIT FEDERAL CREDIT UNIONSouth Bend$3.47346
PUBLIC SERVICE EDWARDSPT PL E FEDERAL CREDIT UNIONLinton$1.29337
UNION BAPTIST CHURCH FEDERAL CREDIT UNIONFort Wayne$0.42315
BATTERY EMPLOYEES FEDERAL CREDIT UNIONAttica$1.18303
MUNCIE POST OFFICE CREDIT UNIONMuncie$1.05301
H A L E FEDERAL CREDIT UNIONIndianapolis$0.55297
CABLE FEDERAL CREDIT UNIONMarion$1.69286
MUNICIPAL EMPLOYEES CREDIT UNIONLa Porte City$1.08286
CONCORA WABASH FEDERAL CREDIT UNIONWabash$1.16271
EAST CHICAGO FIREMEN’S CREDIT UNIONEast Chicago$0.84267
BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNIONBluffton$1.61265
GARY POLICE DEPARTMENT EMPLOYEES FEDERAL CREDIT UNIONGary$1.43237
RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNIONRichmond$1.09230
GARY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNIONGary$0.36192
ST. MONICA FEDERAL CREDIT UNIONGary$0.16179

Student Loans in Indiana of March 2024

Frank O’Bannon Grant

As a needs-based scholarship, the Frank O’Bannon Grant provides financial assistance to Indiana residents who attend eligible public, private, and proprietary post-secondary institutions within the state.

To qualify, you must:

  • Be a U.S. citizen or eligible non-citizen and be an Indiana resident for at least 1 year before applying.
  • Be a high school graduate or possess a GED.
  • Attend an eligible institution.
  • Be a full-time student or enroll as a full-time student.

You also need to meet specific course completion requirements:

  • ‘Full-Time’ awards are offered to students who complete 24-29 credits.
  • The maximum ‘On-Time’ award is offered to students who complete 30 or more credits.

You must submit a Federal Student Aid application by April 15th – the year before you plan to attend college to apply for the grant.

Federal Housing Administration (FHA) Loans in Indiana of March 2024

There are 92 counties across Indiana that offer FHA loans. The lowest loan amount of $314,827 is available in 72 counties, while the highest loan amount of $707,700 is available in 4 counties.

County:Single Unit Limit (lowest):Four-Plex Limit (highest):
Adams County$331,760$638,100
Allen County$331,760$638,100
Bartholomew County$331,760$638,100
Benton County$331,760$638,100
Blackford County$331,760$638,100
Boone County$355,350$683,350
Brown County$355,350$683,350
Carroll County$331,760$638,100
Cass County$331,760$638,100
Clark County$333,500$641,350
Clay County$331,760$638,100
Clinton County$331,760$638,100
Crawford County$331,760$638,100
Daviess County$331,760$638,100
Dearborn County$331,760$638,100
Decatur County$331,760$638,100
Dekalb County$331,760$638,100
Delaware County$331,760$638,100
Dubois County$331,760$638,100
Elkhart County$331,760$638,100
Fayette County$331,760$638,100
Floyd County$333,500$641,350
Fountain County$331,760$638,100
Franklin County$331,760$638,100
Fulton County$331,760$638,100
Gibson County$331,760$638,100
Grant County$331,760$638,100
Greene County$331,760$638,100
Hamilton County$355,350$683,350
Hancock County$355,350$683,350
Harrison County$333,500$641,350
Hendricks County$355,350$683,350
Henry County$331,760$638,100
Howard County$331,760$638,100
Huntington County$331,760$638,100
Jackson County$331,760$638,100
Jasper County$368,000$707,700
Jay County$331,760$638,100
Jefferson County$331,760$638,100
Jennings County$331,760$638,100
Johnson County$355,350$683,350
Knox County$331,760$638,100
Kosciusko County$331,760$638,100
Lagrange County$331,760$638,100
Lake County$368,000$707,700
Laporte County$331,760$638,100
Lawrence County$331,760$638,100
Madison County$355,350$683,350
Marion County$355,350$683,350
Marshall County$331,760$638,100
Martin County$331,760$638,100
Miami County$331,760$638,100
Monroe County$331,760$638,100
Montgomery County$331,760$638,100
Morgan County$355,350$683,350
Newton County$368,000$707,700
Noble County$331,760$638,100
Ohio County$331,760$638,100
Orange County$331,760$638,100
Owen County$331,760$638,100
Parke County$331,760$638,100
Perry County$331,760$638,100
Pike County$331,760$638,100
Porter County$368,000$707,700
Posey County$331,760$638,100
Pulaski County$331,760$638,100
Putnam County$355,350$683,350
Randolph County$331,760$638,100
Ripley County$331,760$638,100
Rush County$331,760$638,100
Scott County$331,760$638,100
Shelby County$355,350$683,350
Spencer County$331,760$638,100
St. Joseph County$331,760$638,100
Starke County$331,760$638,100
Steuben County$331,760$638,100
Sullivan County$331,760$638,100
Switzerland County$331,760$638,100
Tippecanoe County$331,760$638,100
Tipton County$331,760$638,100
Union County$331,760$638,100
Vanderburgh County$331,760$638,100
Vermillion County$331,760$638,100
Vigo County$331,760$638,100
Wabash County$331,760$638,100
Warren County$331,760$638,100
Warrick County$331,760$638,100
Washington County$333,500$641,350
Wayne County$331,760$638,100
Wells County$331,760$638,100
White County$331,760$638,100
Whitley County$331,760$638,100

Business Loans in Indiana of March 2024

For reliable service at an affordable rate, the online lenders below offer business financing at the click of a button.

However, to consult with a local lender in Indiana, consider Indiana Local Biz.

Amount:

Up to $10,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Indiana:

Yes

Amount:

$5,000 - $500,000

APR:

9.77% - 35.98%

Min. Credit Score:

600

Licensed in Indiana:

Yes

Amount:

$5,000 - $500,000

APR:

5.99% – 35.99%

Min. Credit Score:

500

Licensed in Indiana:

Yes

Amount:

Up to $250,000

APR:

24% – 99%

Min. Credit Score:

560

Licensed in Indiana:

Yes

Amount:

Up to $350,000

APR:

9.28 - 10.52%

Min. Credit Score:

650

Licensed in Indiana:

Yes

Amount:

Up to $350,000

APR:

10.00 - 25.00%

Min. Credit Score:

680

Licensed in Indiana:

Yes

Amount:

$75,000 - $5,000,000

APR:

5.50 - 8.25%

Min. Credit Score:

650

Licensed in Indiana:

Yes

Amount:

Up to $500,000

APR:

12.18 - 36.00%

Min. Credit Score:

660

Licensed in Indiana:

Yes

Amount:

Up to $500,000

APR:

9.00 - 99.00%

Min. Credit Score:

600

Licensed in Indiana:

Yes

Amount:

Up to $5,000,000

APR:

15.00 - 78.00%

Min. Credit Score:

600

Licensed in Indiana:

Yes

Amount:

Up to $1,000,000

APR:

Vary

Min. Credit Score:

0

Licensed in Indiana:

Yes

Amount:

$6,000 to $250,000

APR:

Vary

Min. Credit Score:

0

Licensed in Indiana:

Yes

Indiana Local Biz

Offering SBA loans, revenue-based loans, equipment leasing, Equipment sale/leaseback, startup business lines of credit, and commercial real estate loans, Indiana Local Biz is a business lending network with more than 4,000 partners worldwide.

Loans range from $10,000 to $1 million and can extend up to $4 million under certain circumstances. Funding is provided in as little as 5 to 7 business days, and through its platform, lenders can advance up to 2x your monthly gross sales. For example, if you gross $50,000 in sales for October, you can qualify for up to $100,000 in financing.

For due diligence purposes, Indiana Local Biz requires:

  • 3 months of merchant statements.
  • 3 months of business bank account statements.
  • Additional documents if necessary.

To learn more, you can visit Indiana Local Biz at 450 E. 96th Street, Suite 500 Indianapolis, IN 46240. You can also call them at (317) 344-8166 or fill out their website’s contact form.

Conclusion

Indiana state officials do a great job of regulating the cost of borrowing for installment loans. With a 36% APR cap, financing costs remain in line with comparable personal loans. Similarly, car title loans are banned within the state of Indiana. However, out-of-state lenders still manage to fill the void and offer the product. Indiana law requires licensed payday lenders to cap loans at $550. APRs average 382% and are slightly less than other states where payday loans are legal.

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