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    Best Loans in Indiana, Payday, Auto Title Laws 2020

    EPF Last Update: June 7, 2020

     View All Studies

    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 $300 or less, and 37 months for loans in excess of $300.

    Best Bad Credit Loans in Indiana 2020

    Apply Now
    Amount

    $500 – $10,000

    Min Credit Score

    0

    APR

    5.99% – 35.99%

    Approval

    < 1 Day

    Terms

    3 – 36 Months

    Licensed in Indiana

    Not a direct lender

    Get started
    Apply Now
    Amount

    $100 - $10,000

    Min Credit Score

    0

    APR

    Vary by State

    Approval

    < 1 Day

    Terms

    1 - 60 Months

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 – $5,000

    Min Credit Score

    0

    APR

    Vary By State

    Approval

    < 1 Day

    Terms

    9 – 36 Months

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $100 – $1,000

    Min Credit Score

    0

    APR

    Vary By State

    Approval

    < 1 Day

    Terms

    7 – 30 Days

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 – $10,000

    Min Credit Score

    0

    APR

    5.99% – 35.99%

    Approval

    < 1 Day

    Terms

    2 – 5 Years

    Licensed in Indiana

    Not a direct lender

    Get started
    Apply Now
    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

    Get started
    Apply Now
    Amount

    $1,000 – $35,000

    Min Credit Score

    0

    APR

    5.99% – 35.99%

    Approval

    < 1 Day

    Terms

    2 – 5 Years

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 – $100,000

    Min Credit Score

    500

    APR

    5.34% – 35.99%

    Approval

    < 1 Day

    Terms

    90 Days – 72 Months

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    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

    Get started
    Apply Now
    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

    Not a direct lender

    Get started

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

    Best Personal Loans for Good Credit in Indiana 2020

    Apply Now
    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

    Get started
    Apply Now
    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

    Get started
    Apply Now
    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

    Get started
    Apply Now
    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

    Get started
    Apply Now
    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

    Get started
    Apply Now
    Amount

    $1,000 – $35,000

    Min Credit Score

    0

    APR

    5.99% – 35.99%

    Approval

    < 1 Day

    Terms

    2 – 5 Years

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    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

    Get started
    Apply Now
    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

    Get started
    Apply Now
    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

    Get started
    Apply Now
    Amount

    $7,500 - $40,000

    Min Credit Score

    680

    APR

    6 - 15%

    Approval

    1 - 7 Days

    Terms

    36 - 84 months

    Licensed in Indiana

    Yes

    Get started

    For more great options, see our list of recommended lenders.

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    Payday Loan Laws in Indiana 2020 

    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 are allowed to offer borrowers three extensions if they are unable to 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 funds fee of up to $20.

    Payday Loan Laws in Indiana by Country

    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.

    CityAmount AllowedAPR AllowedStatus
    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 2020 

    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 end up losing their vehicle or become trapped in a cycle of debt.

    Alternative Payday Loans in Indiana

    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 2020

    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    0

    APR

    From 1.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    0

    APR

    From 1.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $100,000

    Min Credit Score

    0

    APR

    Vary

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $100,000

    Min Credit Score

    0

    APR

    Vary

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $100,000

    Min Credit Score

    0

    APR

    Vary

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $8,000 - $100,000

    Min Credit Score

    500

    APR

    2.74% - 27%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    500

    APR

    From 3.09%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $250 - $500,000

    Min Credit Score

    640

    APR

    2.99% - 21.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,500 - $20,000

    Min Credit Score

    0

    APR

    18.00% - 35.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $45,000

    Min Credit Score

    0

    APR

    From 0.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $35,000

    Min Credit Score

    0

    APR

    From 1.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $7,500 - $50,000

    Min Credit Score

    500

    APR

    From 3.39%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000 – $55,000

    Min Credit Score

    510

    APR

    3.99% - 24.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    0

    APR

    3.90% - 27.90%

    Licensed in Indiana

    Yes

    Get started

    Best Auto Loans for Good Credit in Indiana 2020

    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    0

    APR

    From 1.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    0

    APR

    From 1.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    500

    APR

    From 3.09%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $250 - $500,000

    Min Credit Score

    640

    APR

    2.99% - 21.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000-$100,000

    Min Credit Score

    660

    APR

    4.99% to 9.19%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $7,500 - $50,000

    Min Credit Score

    500

    APR

    From 3.39%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $8,000 - $100,000

    Min Credit Score

    500

    APR

    2.74% - 27%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,000 - $100,000

    Min Credit Score

    0

    APR

    3.90% - 27.90%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $3,000 - $100,000

    Min Credit Score

    650

    APR

    From 3.12%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000 - $100,000

    Min Credit Score

    640

    APR

    From 3.54%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000 – $55,000

    Min Credit Score

    510

    APR

    3.99% - 24.99%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000 - $100,000

    Min Credit Score

    600

    APR

    3.54% - 10.24%

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $1,500 - $20,000

    Min Credit Score

    0

    APR

    18.00% - 35.99%

    Licensed in Indiana

    Yes

    Get started

    Credit Unions in Indiana

    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, with locations in Carmel, Clarksville, Columbus, Indianapolis as well as many others.

    All Licensed Credit Unions in Indiana

    NameCitySize (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

    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.

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

    Federal Housing Administration (FHA) Loans in Indiana 

    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.

    CountySingle 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

    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.

    Apply Now
    Amount

    Up to $10,000,000

    APR

    Vary

    Min Credit Score

    0

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000 - $500,000

    APR

    9.77% - 35.98%

    Min Credit Score

    600

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $5,000 - $500,000

    APR

    5.99% – 35.99%

    Min Credit Score

    500

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $250,000

    APR

    24% – 99%

    Min Credit Score

    560

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $350,000

    APR

    9.28 - 10.52%

    Min Credit Score

    650

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $350,000

    APR

    10.00 - 25.00%

    Min Credit Score

    680

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $75,000 - $5,000,000

    APR

    5.50 - 8.25%

    Min Credit Score

    650

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $500,000

    APR

    12.18 - 36.00%

    Min Credit Score

    660

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $500,000

    APR

    9.00 - 99.00%

    Min Credit Score

    600

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $5,000,000

    APR

    15.00 - 78.00%

    Min Credit Score

    600

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    Up to $1,000,000

    APR

    Vary

    Min Credit Score

    0

    Licensed in Indiana

    Yes

    Get started
    Apply Now
    Amount

    $6,000 to $250,000

    APR

    Vary

    Min Credit Score

    0

    Licensed in Indiana

    Yes

    Get started

    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 the month of 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 the contact form on their website.

    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. With regard to payday loans, Indiana law requires licensed 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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