Personal loans in Indiana

Consumer lending in Indiana is regulated by the Indiana Department of Financial Institutions. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.

Lending rules in Indiana

Payday lending	Permitted and regulated — maximum loan amount: The principal loan amount is at least $50 and not more than $550; maximum loan term: Not less than 14 days. Finance charges: (1) Finance charges on the first $250 of a small loan are limited to 15% of the principal. (2) Finance charges on the amount of a small loan greater than $250 and less than or equal to $400 are limited to 13% of the amount over $250 and less than or equal to $400. (3) Finance charges on the amount of the small loan greater than $400 and less than or equal to $550 are limited to 10% of the amount over $400 and less than or equal to $550. (4) The amount of $550 in subsection (3) is subject to change under the provisions on adjustment of dollar amounts (IC 24-4.5-1-106). However, notwithstanding IC 24-4.5-1-106(1), the Reference Base Index to be used under this subsection is the Index for Oct. 2006Source: National Conference of State Legislatures · as of 2023
Small-loan / installment licensing	Consumer lenders must obtain a state license (Yes). Statutory basis: Indiana Code 24-4.5. Licensing administered through NMLS: No.Source: Conference of State Bank Supervisors · as of 2026
Interest rate cap (usury limit)	Usury limit: A person who, in exchange for the loan of any property, knowingly or intentionally receives or contracts to receive from another person any consideration, at a rate greater than two (2) times the rate specified in IC 24-4.5-3-508(2)(a)(i) [generally an APR exceeding 72%], commits loansharking. Please see the Indiana DFI's Advisory Letter at the following: https://www.in.gov/dfi/files/2017-02-loansharking.pdf. Finance rates and fees for licensed lenders: For non-real estate secured consumer loans, Maximum Daily Rates (exclusive of prepaid finace charges): The greater of 25% per annum OR a blended rate of 36% per annum on the portion not exceeding $2,000, 21% per annum on the portion between $2,000-$4,000, and 15% on the remainder exceeding $4,000. IC 24-4.5-3-508(2) In addition to the Maximum Daily Rate, a lender may contract for and collect prepaid finance charges. Maximum Prepaid Finance Charges: $75 if amount financed is $2,000 or less; $150 if amount financed is more than $2,000 but no more than $4,000; $200 if amount financed is more than $4,000. Please see the Indiana DFI's Advisory Letter and corresponding Q&A at the following: https://www.in.gov/dfi/files/CC%20Advisory%202020-01.pdf https://www.in.gov/dfi/files/SEA%20QA%20REVISED%208.14.20.pdf IC 24-4.5-3-201(9)(b) & IC 24-4.5-3-508(8) Warning: See "Legal Maximum Rate of Interest" under "State Usury Laws" for limitations on annual rates based on daily rates and the imposition of prepaid finance charges. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026
Consumer lending regulator	Consumer lenders in Indiana are licensed and supervised by the Indiana Department of Financial Institutions.Source: Conference of State Bank Supervisors · as of 2026
Debt collection rules	Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Indiana Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: Indiana Office of the Attorney General · as of 2026
Military lending protections	The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024
Complaint / licensing lookup	Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Indiana Department of Financial Institutions; consumers can file complaints with the Indiana Department of Financial Institutions or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026

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Cities in Indiana

Indianapolis Fort Wayne South Bend Evansville Lafayette Elkhart Bloomington Carmel Fishers Terre Haute Muncie Anderson Hammond Gary Noblesville Michigan City Greenwood Kokomo Mishawaka Columbus Jeffersonville Lawrence Westfield West Lafayette Portage New Albany Merrillville Richmond Goshen Plainfield Valparaiso Crown Point Granger Zionsville Hobart Schererville Brownsburg Marion East Chicago Franklin Munster Highland Greenfield Clarksville La Porte Seymour Avon St. John Shelbyville Logansport New Castle Lebanon Huntington Vincennes Dyer Crawfordsville Jasper Griffith Frankfort New Haven Warsaw Beech Grove Chesterton Bedford Cedar Lake Speedway Connersville Lake Station Auburn Madison Washington Martinsville Greensburg Yorktown Peru Lowell Bluffton Danville Wabash Plymouth Greencastle Kendallville Sellersburg Decatur Whitestown Mooresville Columbia City Bargersville Huntertown Angola McCordsville Princeton Brazil Elwood Charlestown Tell City Lakes of the Four Seasons Batesville Scottsburg Nappanee Dunlap Winfield Mount Vernon North Vernon Boonville Garrett Notre Dame Ellettsville Huntingburg Portland Rushville Salem Rochester Gas City Westville Rensselaer Bright Hartford City Cumberland Hidden Valley New Whiteland Monticello Cicero North Manchester Tipton Porter Linton Alexandria Lawrenceburg Winona Lake Winchester Pendleton Simonton Lake Clinton Fortville South Haven Bremen Whiting Ligonier North Terre Haute Edinburgh Sullivan De Motte Whiteland Greendale Mitchell Berne Austin Upland Fort Branch Aurora Georgetown Chandler Knox Paoli Melody Hill Roselawn Pittsboro Leo-Cedarville Hanover Sheridan Middlebury Hebron Newburgh Union City Smithville-Sanders Ossian Country Squire Lakes Corydon Syracuse Shorewood Forest Delphi Brownstown Attica Butler Albany Bicknell Covington Heritage Lake Albion Centerville Lagrange Santa Claus New Palestine Avilla Fairmount Winamac Chesterfield Brookville Loogootee Osceola Grissom AFB Lapel Brooklyn Bloomfield Oakland City Walkerton Burns Harbor Middletown Ingalls Petersburg Rockville Kouts North Judson Wakarusa Rising Sun Rockport Fowler West Terre Haute Fremont Spencer Knightstown Ferdinand Orleans Battle Ground Edgewood Greentown Veedersburg Frankton Southport New Carlisle New Chicago Waterloo Shadeland Liberty Cloverdale Aberdeen Milan Trail Creek Kentland Jasonville Hagerstown Flora Williamsport Hope Rossville Haubstadt Henryville Dunkirk Crothersville Churubusco Harlan Bourbon Argos French Lick Salt Creek Commons Milford Roanoke Meridian Hills Hamilton North Liberty Eaton Vevay Monon Dillsboro Versailles Montpelier Worthington Nashville Brookston Bristol Arcadia Odon Hudson Lake Oolitic Cambridge City Lake Dalecarlia Oxford Clermont Dale Osgood Kingsford Heights Westport Monrovia Daleville Lake Holiday New Paris Greenville Shelburn Morgantown Palmyra South Whitley Prince's Lakes Warren Park Tri-Lakes Koontz Lake Remington Galveston Fairview Park Cannelton Sunman New Pekin Rome City Farmland Woodburn Redkey Borden Jonesboro Markle Wolcott Darmstadt Mulberry Sweetser Owensville Culver Galena Russiaville Mexico Cordry Sweetwater Lakes Ladoga Monroeville Cayuga Farmersburg Pierceton Grabill Ogden Dunes Clay City Wanatah Geneva Warren Lynn Dayton Morristown Wolcottville Trafalgar St. Leon Lynnville Long Beach Akron Andrews Morocco Thorntown Gosport Bass Lake Parker City Montgomery Poseyville Clayton Topeka Mentone English Kirklin Summitville Goodland Utica Otterbein North Webster Converse Hamlet

Personal loans in Indiana

Lending rules in Indiana

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Cities in Indiana

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