Payday loans in Indianapolis, IN |

Compare your loan options in Indianapolis, Indiana

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Before you borrow, be sure you know the complex laws of your state.

Payday lending can be a complicated process, especially if you aren’t sure exactly how much a lender can charge. When you’re ready to visit a payday lender in Indianapolis or go online, consider all the details so you know you’re getting the best deal.

Our top pick: OppLoans Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements

Can I get a payday loan in Indianapolis, Indiana?

Yes, payday loans are legal in Indianapolis and throughout Indiana. You can borrow up to $550 or 20% of your gross monthly income, whichever is less. Loan terms must last at least 14 days, and the total financing fee a lender can charge depends on how much you borrow.

  • $50 to $250. 15%
  • $251 to $400. 13%
  • $401 to $500. 10%

These charges stack. For instance, if you want to borrow a loan of $300, the first $250 will be charged a financing fee of 15%, and the remaining $50 will be charged at 13%. This brings your total to $51.50 in fees.

If you want to borrow $450, the first $250 will be charged at 15%, the next $150 will be charged at 13% and the remaining $50 will be charged at 10%. Your total fees then would be $69.50.

All lenders are required to outline the total cost of your loan, so check your contract carefully to see how much you’ll end up paying back on the due date. If you don’t have the money to repay your loan on its due date, you may be required to pay a non-sufficient funds (NSF) fee of $25 — after the lender debits your bank account up to three times.

Compare online lenders available in Indianapolis

Updated June 27th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
1 business day
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

What do I need to apply?

All lenders have different eligibility criteria, but you’ll usually have to be a US citizen or permanent resident, have a regular source of income and be at least 18 years old.

When you decide on a lender, either from the table above or by visiting a local store, you’ll need to be prepared to submit some personal information. This includes your name, Social Security number and current employment information. Lenders will also likely want to know your gross monthly income and if you have an operational checking account.

Where to find short-term loan locations in Indianapolis

Short-term loan locations near me in Indianapolis, IN

  • Check into Cash. 3502 W 86th St, Indianapolis, IN 46268
  • A-1 Cash Advance. 8504 E Washington St, Indianapolis, IN 46219
  • Check Cash. 9940 Pendleton Pike Suite A, Indianapolis, IN 46236
  • Check ‘n Go. 8201 Pendleton Pike, Indianapolis, IN 46226
  • Credit Corp Payday Loans. 1236 W 86th St, Indianapolis, IN 46260
  • Advance America. 4479 E 10th St, Indianapolis, IN 46201

Must read: Be cautious of short terms

Indiana law states that a payday loan must be at least 14 days long — but that’s not much time to repay a loan, especially if you need to borrow a large amount. And while there are safety nets if you can’t repay your loan, you could still wrack up multiple fees that make borrowing even more expensive.

If you’re not sure you’ll be able to pay back your loan that quickly, request a longer loan term or look into installment loans instead. And of course, you may also want to consider your short-term loan alternatives if you don’t find a loan that suits your needs.

Bottom line

Indianapolis has a variety of lenders to choose from when you’re looking for a payday loan. But with Indiana’s complex regulations, you’ll want to make sure your know the laws thoroughly before you borrow.

Once you’re ready to apply, you can browse our payday loans guide to find a lender that might suit you.

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US Payday Loans Offers

Important Information*
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CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

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Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

Logo for OppLoans Installment Loans
OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

Logo for LendYou Short-term Loans
LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

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