Indiana Payday Loans

Compare your loan options in Indiana

Getting a payday loan in Indiana can be easy, but you need to know all of the relevant rules and regulations to understand what you can get

Payday loans may be an option when you’re short on cash between paydays.

Indiana residents looking for payday loans have many options to choose from, and this guide will help navigate the ins and outs of payday lending.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure!

    Are payday loans legal in Indiana?

    Yes, payday loans are completely legal in Indiana.

    State regulations (Indiana Code Ann. 24-4-4.5-7-101 et seq.) control how payday lenders operate. They can’t lend more than $550, the amount loaned can’t exceed 20% of the borrower’s income and the minimum loan term is 14 days.

    If you wish to report an irregularity or file a complaint about a payday lender you can contact the Indiana Department of Financial Institutions.

    A selection of loans you can apply for

    Check the websites of any providers you’re interested in to confirm they operate in Indiana.

    Rates last updated October 20th, 2017
    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 Maximum Loan Amount Term of Loan Turnaround Time Requirements
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    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.
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state
    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.

    Compare up to 4 providers

    Are you considering taking out a payday loan?

    As an Indiana resident, here’s why you might consider a payday loan:

    • Quick application process. A payday loan in Indiana can give you fast access to much-needed money. If you apply in-store, you can get your money within an hour. If you apply online, you can expect funding by the next business day.
    • Use the money any way you need. You can use the funds from a payday loan for just about any reason: for travel, to pay medical bills or to repair your car.
    • No collateral needed. Payday loans are unsecured so you don’t have to worry about providing any collateral to secure your loan.
    • Bad credit is OK. If you have a bad credit history, you can still apply. Providers of payday loans take your existing financial situation and ability to repay into account.

    If you’re in need of money, consider all your options before taking out a loan

    What are the costs of loans in Indiana?

    Indiana state payday laws set the fees and charges for payday loans.

    • Finance rates and fees. The maximum finance rate for the first $250 is limited to 15%. For amounts between $251 and $400, the finance rate is limited to 13%, and for amounts between $400 and $500, lenders can charge a maximum rate of 10%.
    • Collection fees: Your lender can charge a single non-sufficient funds (NSF) fee of $25. You may have to pay additional charges if you use a check or debit authorization fraudulently.
    • Rollover fee. You cannot renew, refinance, or consolidate an Indiana payday loan, so there are no rollover fees.

    Fence repair

    Woman smiling Monica lives in Indiana and has to have her fence repaired. It wouldn’t be a big deal, but she’s currently watching a neighbor’s dog and is afraid he’ll escape.

    She looks online to find the laws regarding payday loans in Indiana. Her credit isn’t the best, and she won’t be paid for another week, so this is a good option. Monica even calls her friend, who agrees to help pay off the extra fees. With this in mind, she finds a lender who charges less than the maximum finance rate of 13% for her loan of $300. Since the market is pretty competitive, the finance rate is kept down to attract more clients.

    Her total is $336, and she has 21 days to pay it back. Monica changes her budget to accommodate for the expense, and she’s good to go.

    How can I apply for an Indiana payday loan?

    You must meet some basic eligibility criteria to qualify for a payday loan.

    • You should be at least 18 years old
    • You should be a US citizen or a permanent resident
    • You should have a regular source of income

    To complete your application successfully, prepare to submit some basic information.

    • Your name, date of birth, Social Security number and a valid form of ID
    • Your residential address, email address and phone number
    • Details about your employment and income
    • If you’re applying online, the details of your existing checking account

    Where else are payday loans available?

    Do you have any more questions about payday loans in Indiana?

    In Indiana, you cannot take more than one payday loan from any one provider at one time, and you cannot hold more than two payday loans concurrently.

    You may have up to two loans out at once, but they must be from different lenders.

    Yes, there is. A seven days cooling-off period applies after six consecutive loans.

    If you take three consecutive loans your lender should offer you an extended payment plan which includes a minimum of four installments without charging any extra fees. (This isn’t the same as a standard installment loan.)

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    2 Responses

    1. Default Gravatar
      DebbieMay 16, 2017

      I live in Indiana, I have to online payday loans one thru American Web and the other Inbox Loans. Neither one is licensed in Indiana. Somebody told these loans may not be legal or binding in Indiana. I haven’t even made first payment on them, because I had to stop payment on them, because another payday loan went thru my account causing me to be negative in my account. I’m stressing out, can someone please help me with this.

      • Staff
        HaroldJuly 17, 2017Staff

        Hi Debbie,

        Thank you for your inquiry.

        Should you need a reference to check whether a payday loan lender is legit or not. You may need to read the content here.

        I hope this information has helped.


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