Payday loans in Indianapolis, IN | finder.com

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.

LendYou Short-term Loans

For fast cash: LendYou

Find a lender that offers cash advances between $100 and $15,000.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $15,000
  • Turnaround Time: 1 business day
  • Must have regular income of $1,000/month and be a US citizen or permanent resident
  • No collateral needed
  • Bad credit is OK

    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

    Rates last updated February 17th, 2019
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Max. Loan Amount Turnaround Time Requirements
    OppLoans Installment Loans
    Installment loans with competitive rates from a top-rated direct lender.
    $5,000
    1 business day
    Must have direct deposit and meet minimum income requirements
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    Jora Installment Loans
    Installment loans with repayment terms up to 30 months, depending on your state.
    $2,600
    1–2 days
    Must have an active checking account, regular source of income and email address.
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    $10,000
    As early as 1 business day
    Must have a monthly income of $1,000+ after taxes and valid checking account.
    LendYou Short-term Loans
    Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
    $15,000
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income.
    ACE Cash Express Short-term Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see more details for your state.
    $250
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.

    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*
    CashNetUSA Loan

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

    Check into Cash Payday Loan

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

    OppLoans Installment Loans

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

    LendYou Short-term Loans

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

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