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Best Loans in Indiana, Payday, Auto Title Laws of January 2025

Elite Personal Finance
Last Update: December 1, 2024 • Loans By State •
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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 up to $300 or less and 37 months for loans above $300.

Best Bad Credit Loans in Indiana of January 2025

Apply Now
Amount:

$100 - $15,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 72 Months
Licensed in Indiana:

Yes
Get started
Apply Now
Amount:

$1,000 - $50,000
Min. Credit Score:

300
APR:

5.6% - 35.99%
Approval:

5 Minutes
Terms:

3 - 5 Years
Licensed in Indiana:

Yes
Get started
Apply Now
Amount:

$100 - $40,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Indiana:

Yes
Get started
Apply Now
Amount:

$100 - $15,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Indiana:

Yes
Get started
Apply Now
Amount:

$100 - $40,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Indiana:

Yes
Get started
Apply Now
Amount:

$200 - $5,000
Min. Credit Score:

0
APR:

5.99% - 35.99%
Approval:

5 Minutes
Terms:

1 - 60 Months
Licensed in Indiana:

Yes
Get started
Apply Now
Amount:

$1,000 - $100,000
Min. Credit Score:

0
APR:

5.99% - 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

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

Best Personal Loans for Good Credit in Indiana of January 2025

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 – $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

Payday Loan Laws in Indiana of January 2025

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 can offer borrowers three extensions if they cannot 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 fee of up to $20.

Payday Loan Laws in Indiana by Country of January 2025

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.

City: Amount Allowed: APR Allowed: Status:
Indianapolis $550 382% Legal
Fort Wayne $550 382% Legal
Evansville $550 382% Legal
South Bend $550 382% Legal
Carmel $550 382% Legal
Fishers $550 382% Legal
Bloomington $550 382% Legal
Hammond $550 382% Legal
Gary $550 382% Legal
Lafayette $550 382% Legal
Muncie $550 382% Legal
Noblesville $550 382% Legal
Terre Haute $550 382% Legal
Kokomo $550 382% Legal
Greenwood $550 382% Legal
Anderson $550 382% Legal
Elkhart $550 382% Legal
Mishawaka $550 382% Legal
Lawrence $550 382% Legal
Columbus $550 382% Legal
West Lafayette $550 382% Legal
Jeffersonville $550 382% Legal
Westfield $550 382% Legal
Portage $550 382% Legal
New Albany $550 382% Legal
Richmond $550 382% Legal
Merrillville $550 382% Legal
Goshen $550 382% Legal
Valparaiso $550 382% Legal
Plainfield $550 382% Legal
Michigan City $550 382% Legal
Granger $550 382% Legal
Crown Point $550 382% Legal
Schererville $550 382% Legal
East Chicago $550 382% Legal
Hobart $550 382% Legal
Marion $550 382% Legal
Zionsville $550 382% Legal
Brownsburg $550 382% Legal
Franklin $550 382% Legal
Munster $550 382% Legal
Highland town $550 382% Legal
La Porte $550 382% Legal
Greenfield $550 382% Legal
Clarksville $550 382% Legal
Seymour $550 382% Legal
Shelbyville $550 382% Legal
Logansport $550 382% Legal
Vincennes $550 382% Legal
New Castle $550 382% Legal
Avon $550 382% Legal
Huntington $550 382% Legal
St. John $550 382% Legal
Griffith $550 382% Legal
Frankfort $550 382% Legal
Crawfordsville $550 382% Legal
New Haven $550 382% Legal
Dyer $550 382% Legal
Lebanon $550 382% Legal
Jasper $550 382% Legal
Warsaw $550 382% Legal
Beech Grove $550 382% Legal
Chesterton $550 382% Legal
Bedford $550 382% Legal
Auburn $550 382% Legal
Connersville $550 382% Legal
Cedar Lake $550 382% Legal
Speedway $550 382% Legal
Washington $550 382% Legal
Lake Station $550 382% Legal
Madison $550 382% Legal
Greensburg $550 382% Legal
Martinsville $550 382% Legal
Peru $550 382% Legal
Yorktown $550 382% Legal
Greencastle $550 382% Legal
Decatur $550 382% Legal
Wabash $550 382% Legal
Plymouth $550 382% Legal
Bluffton $550 382% Legal
Danville $550 382% Legal
Mooresville $550 382% Legal
Lowell $550 382% Legal
Kendallville $550 382% Legal
Columbia City $550 382% Legal
Sellersburg $550 382% Legal
Angola $550 382% Legal
Princeton $550 382% Legal
Elwood $550 382% Legal
Brazil $550 382% Legal
Charlestown $550 382% Legal
Tell City $550 382% Legal
Lakes of the Four Seasons $550 382% Legal
Whitestown $550 382% Legal
Bargersville $550 382% Legal
Nappanee $550 382% Legal
Huntertown $550 382% Legal
Scottsburg $550 382% Legal
North Vernon $550 382% Legal
Garrett $550 382% Legal
Huntingburg $550 382% Legal
Ellettsville $550 382% Legal
Notre Dame $550 382% Legal
Batesville $550 382% Legal
McCordsville $550 382% Legal
Mount Vernon $550 382% Legal
Westville $550 382% Legal
Boonville $550 382% Legal
Salem $550 382% Legal
Rushville $550 382% Legal
Dunlap $550 382% Legal
Rochester $550 382% Legal
Portland $550 382% Legal
New Whiteland $550 382% Legal
Hartford City $550 382% Legal
North Manchester $550 382% Legal
Gas City $550 382% Legal
Cumberland $550 382% Legal
Rensselaer $550 382% Legal
Bright $550 382% Legal
Winfield $550 382% Legal
Hidden Valley $550 382% Legal
Monticello $550 382% Legal
Linton $550 382% Legal
South Haven $550 382% Legal
Tipton $550 382% Legal
Simonton Lake $550 382% Legal
Alexandria $550 382% Legal
Lawrenceburg $550 382% Legal
Winchester $550 382% Legal
Winona Lake $550 382% Legal
Cicero $550 382% Legal
Highland $550 382% Legal
Whiting $550 382% Legal
Porter $550 382% Legal
Clinton $550 382% Legal
Edinburgh $550 382% Legal
Ligonier $550 382% Legal
Roselawn $550 382% Legal
Bremen $550 382% Legal
North Terre Haute $550 382% Legal
Fortville $550 382% Legal
Whiteland $550 382% Legal
Mitchell $550 382% Legal
Pendleton $550 382% Legal
Greendale $550 382% Legal
Sullivan $550 382% Legal
De Motte $550 382% Legal
Berne $550 382% Legal
Austin $550 382% Legal
Melody Hill $550 382% Legal
Leo-Cedarville $550 382% Legal
Paoli $550 382% Legal
Hebron $550 382% Legal
Aurora $550 382% Legal
Knox $550 382% Legal
Middlebury $550 382% Legal
Upland $550 382% Legal
Hanover $550 382% Legal
Chandler $550 382% Legal
Union City $550 382% Legal
Ossian $550 382% Legal
Pittsboro $550 382% Legal
Smithville-Sanders $550 382% Legal
Newburgh $550 382% Legal
Georgetown $550 382% Legal
Attica $550 382% Legal
Heritage Lake $550 382% Legal
Delphi $550 382% Legal
Corydon $550 382% Legal
Country Squire Lakes $550 382% Legal
Bicknell $550 382% Legal

Car Title Loans in Indiana of January 2025

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 lose their vehicle or become trapped in a cycle of debt.

Alternative Payday Loans in Indiana of January 2025

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 of January 2025

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 of January 2025

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 of January 2025

Name: APR: Amount:
Elements Financial 9.49% – 11.74% $500 – $25,000
Centra Credit Union 10.50% – 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, located in Carmel, Clarksville, Columbus, Indianapolis, etc.

All Licensed Credit Unions in Indiana of January 2025

Name: City: Size (Millions): Members:
TEACHERS CREDIT UNION Great Bend $2,160.03 273615
CENTRA CREDIT UNION Columbus $986.49 123276
INDIANA MEMBERS CREDIT UNION Indianapolis $1,330.59 110522
FORUM CREDIT UNION Indianapolis $906.97 105973
INDIANA UNIVERSITY CREDIT UNION Bloomington $682.81 66581
ELI LILLY FEDERAL CREDIT UNION Indianapolis $968.21 65548
THREE RIVERS FEDERAL CREDIT UNION Fort Wayne $673.29 65433
MIDWEST AMERICA FEDERAL CREDIT UNION Fort Wayne $465.48 65308
EVANSVILLE TEACHERS FEDERAL CREDIT UNION Evansville $829.10 61606
NOTRE DAME FEDERAL CREDIT UNION Notre Dame $432.62 61185
PURDUE FEDERAL CREDIT UNION West Lafayette $699.62 60168
INTERRA CREDIT UNION Goshen $576.51 48770
FINANCE CENTER FEDERAL CREDIT UNION Indianapolis $419.03 45492
BEACON CREDIT UNION Wabash $925.78 45397
PROFESSIONAL FEDERAL CREDIT UNION Fort Wayne $330.95 45200
HERITAGE FEDERAL CREDIT UNION Newburgh $412.42 41699
TECH CREDIT UNION Crown Point $294.46 40644
FORT FINANCIAL FEDERAL CREDIT UNION Fort Wayne $156.95 39484
COMMUNITYWIDE FEDERAL CREDIT UNION South Bend $285.38 38594
INDUSTRIAL FEDERAL CREDIT UNION Lafayette $143.97 33375
CRANE FEDERAL CREDIT UNION Odon $378.43 29560
PARTNERS 1ST FEDERAL CREDIT UNION Fort Wayne $239.61 28608
SOLIDARITY COMMUNITY FEDERAL CREDIT UNION Kokomo $171.51 25233
INOVA FEDERAL CREDIT UNION Elkhart $245.17 24851
HOOSIER HILLS CREDIT UNION Bedford $365.14 24171
VIA CREDIT UNION Marion $267.03 23576
REGIONAL FEDERAL CREDIT UNION Hammond $121.22 21846
DIAMOND VALLEY FEDERAL CREDIT UNION Evansville $133.29 20374
ADVANCE FINANCIAL FEDERAL CREDIT UNION Schererville $150.05 19816
PRIMETRUST FINANCIAL FEDERAL CREDIT UNION Muncie $138.41 19271
ENCOMPASS FEDERAL CREDIT UNION Tipton $127.42 16887
CHIPHONE FEDERAL CREDIT UNION Elkhart $83.94 16008
ALLEGIUS FEDERAL CREDIT UNION Burns Harbor $152.45 15207
MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION Hobart $83.79 15194
NATCO CREDIT UNION Richmond $52.43 13910
BALL STATE FEDERAL CREDIT UNION Muncie $88.39 13397
FINANCIAL BUILDERS FEDERAL CREDIT UNION Kokomo $62.46 12648
FIRST TRUST CREDIT UNION Michigan City $86.81 12583
MADISON COUNTY FEDERAL CREDIT UNION Anderson $63.07 11973
LAMPCO FEDERAL CREDIT UNION Anderson $55.08 11057
FAMILY HORIZONS CREDIT UNION Indianapolis $88.37 10927
HORIZON ONE FEDERAL CREDIT UNION Indianapolis $64.55 10881
INDEPENDENT FEDERAL CREDIT UNION Anderson $75.52 10422
STERLING UNITED FEDERAL CREDIT UNION Evansville $56.14 9163
GENERAL CREDIT UNION Fort Wayne $80.03 8949
VIGO COUNTY FEDERAL CREDIT UNION Terre Haute $39.58 8933
MEMBERS SOURCE CREDIT UNION Merrillville $70.35 8898
MEMBERS ADVANTAGE CREDIT UNION Michigan City $80.58 8787
CROSSROADS FINANCIAL FEDERAL CREDIT UNION Portland $35.93 8483
U S #1364 FEDERAL CREDIT UNION Merrillville $81.00 8421
CITY OF FIRSTS COMMUNITY FEDERAL CREDIT UNION Kokomo $25.65 8120
KEMBA INDIANAPOLIS CREDIT UNION Indianapolis $57.23 7818
CENTURION FEDERAL CREDIT UNION Evansville $33.69 7703
FIRE POLICE CITY COUNTY FEDERAL CREDIT UNION Fort Wayne $83.97 7695
INDIANA STATE UNIVERSITY FEDERAL CREDIT UNION Terre Haute $79.11 7488
HARVESTER FINANCIAL CREDIT UNION Indianapolis $50.32 7424
FINANCIAL HEALTH FEDERAL CREDIT UNION Indianapolis $26.02 7401
AFENA FEDERAL CREDIT UNION Marion $52.84 7337
PERFECT CIRCLE CREDIT UNION Hagerstown $48.31 7238
LA PORTE COMMUNITY FEDERAL CREDIT UNION La Porte $27.44 7068
AAA FEDERAL CREDIT UNION South Bend $56.37 7035
PINNACLE CREDIT UNION Fort Wayne $26.09 6962
EVANSVILLE FEDERAL CREDIT UNION Evansville $52.70 6863
NORTHPARK COMMUNITY CREDIT UNION Zionsville $57.42 6856
NORTHERN INDIANA FEDERAL CREDIT UNION Merrillville $28.26 6627
FIREFIGHTERS CREDIT UNION Indianapolis $51.87 6269
BUSINESS AND INDUSTRIAL FEDERAL CREDIT UNION Columbus $31.45 5998
INDUSTRIAL CENTRE FEDERAL CREDIT UNION Muncie $44.00 5972
TAPER LOCK CREDIT UNION Mishawaka $33.22 5606
ADVANTAGEPLUS OF INDIANA FEDERAL CREDIT UNION Terre Haute $16.79 5487
EASTERN INDIANA FEDERAL CREDIT UNION New Castle $21.11 5438
CHARLES ST. COMMUNITY FEDERAL CREDIT UNION Marion $27.80 5068
BAR-CONS FEDERAL CREDIT UNION Columbus $29.11 4805
INDIANAPOLIS POST OFFICE CREDIT UNION Indianapolis $52.38 4598
POLICEMEN’S FEDERAL CREDIT UNION Huntingburg $61.05 4513
LAKES FEDERAL CREDIT UNION Monticello $18.35 4188
ENERGY PLUS CREDIT UNION Indianapolis $27.02 4098
LINK FEDERAL CREDIT UNION Indianapolis $19.78 4078
ONE VISION FEDERAL CREDIT UNION Clarksville $38.48 4004
DIVERSIFIED GENERAL FEDERAL CREDIT UNION Logansport $5.98 3852
ITT EMPLOYEES FORT WAYNE DIV FEDERAL CREDIT UNION Fort Wayne $32.97 3768
SOUTH BEND FIREFIGHTERS FEDERAL CREDIT UNION Great Bend $32.17 3668
FINANCIAL PARTNERS FEDERAL CREDIT UNION Woodburn $22.24 3554
HEALTH CARE PROFESSIONALS FEDERAL CREDIT UNION Richmond $17.39 3487
PROFESSIONAL POLICE OFFICERS CREDIT UNION Indianapolis $36.54 3476
LOCAL 697 FEDERAL CREDIT UNION Merrillville $31.18 3307
MEMBERS CHOICE FEDERAL CREDIT UNION Bloomington $14.90 3231
HAYNES COMMUNITY FEDERAL CREDIT UNION Kokomo $21.87 3118
MIDWEST FAMILY FEDERAL CREDIT UNION Portage $24.92 3111
WHITING REFINERY FEDERAL CREDIT UNION Whiting $47.18 3089
HOMETOWN FEDERAL CREDIT UNION Peru $15.20 3007
PUBLIC SERVICE #3 CREDIT UNION Fort Wayne $26.14 2887
L.C. SCHOOL EMPLOYEES FEDERAL CREDIT UNION Gary $25.06 2861
I.K.I.B.E.W. FEDERAL CREDIT UNION Indianapolis $7.33 2779
INDIANA LAKES FEDERAL CREDIT UNION Warsaw $17.70 2753
GRAND HERITAGE FEDERAL CREDIT UNION La Porte $15.35 2722
EVANSVILLE FIREFIGHTERS FEDERAL CREDIT UNION Evansville $17.41 2698
FIRST COUNTY FEDERAL CREDIT UNION Muncie $16.53 2663
HOWARD COUNTY SCHOOL EM FEDERAL CREDIT UNION Kokomo $31.56 2654
WEATHERHEAD C C FEDERAL CREDIT UNION Columbia $10.60 2543
DEARBORN COUNTY HOSPITAL FEDERAL CREDIT UNION Lawrenceburg $11.81 2475
CENTRAL SOYA FEDERAL CREDIT UNION Decatur $22.11 2441
HUNTINGTON SCHOOLS FEDERAL CREDIT UNION Huntington $7.38 2346
UNITED CREDIT UNION Warsaw $10.62 2331
LAKESIDE FEDERAL CREDIT UNION Hammond $9.97 2315
PROFINANCE FEDERAL CREDIT UNION Merrillville $14.61 2296
FORTRESS FEDERAL CREDIT UNION Marion $15.03 2286
WARREN M S D FEDERAL CREDIT UNION Indianapolis $17.97 2283
ELCOSE FEDERAL CREDIT UNION Elkhart $14.29 2281
FREEDOM FINANCIAL FEDERAL CREDIT UNION Fort Wayne $8.51 2281
EAST ALLEN FEDERAL CREDIT UNION New Haven $12.89 2213
COMMUNITY LINK FEDERAL CREDIT UNION Huntington $17.15 2126
MUNCIE FEDERAL CREDIT UNION Muncie $11.56 2124
JEFFERSON COMMUNITY FEDERAL CREDIT UNION Madison $10.58 2117
A A FEDERAL CREDIT UNION Terre Haute $9.13 2064
POWER ONE FEDERAL CREDIT UNION Fort Wayne $10.87 1986
MUNSEETOWN COMMUNITY FEDERAL CREDIT UNION Muncie $9.61 1977
INDIANA HEARTLAND FEDERAL CREDIT UNION Kokomo $6.12 1960
KOKOMO HERITAGE FEDERAL CREDIT UNION Kokomo $6.44 1955
DUBOIS-PIKE FEDERAL CREDIT UNION Jasper $21.25 1871
A H E PLANT 3 FEDERAL CREDIT UNION Winchester $4.55 1860
GESB SHEET METAL WORKERS FEDERAL CREDIT UNION Portage $9.24 1845
ALL SEASONS FEDERAL CREDIT UNION Indianapolis $7.79 1801
SHEET METAL WORKERS FEDERAL CREDIT UNION Indianapolis $8.42 1737
FINANS FEDERAL CREDIT UNION Hammond $12.45 1732
CLIFTY CREEK EMPLOYEES FEDERAL CREDIT UNION Madison $12.26 1712
WAYNE TEACHERS FEDERAL CREDIT UNION Richmond $9.76 1671
HOOSIER FARM BUREAU CREDIT UNION Indianapolis $9.75 1662
DEL MET FEDERAL CREDIT UNION Muncie $8.70 1615
CLARK COUNTY INDIANA TEACHERS FEDERAL CREDIT UNION Jeffersonville $9.85 1609
STATE SERVICE CREDIT UNION Indianapolis $5.15 1594
COMMUNITY SPIRIT CREDIT UNION Lawrenceburg $14.19 1564
GENERATIONS FEDERAL CREDIT UNION La Porte $7.68 1562
WHITEWATER REGIONAL FEDERAL CREDIT UNION Connersville $6.34 1442
SOUTH BEND POST OFFICE CREDIT UNION South Bend $10.07 1420
GAS AND ELECTRIC EMPLOYEES FEDERAL CREDIT UNION Evansville $7.61 1412
N & W FEDERAL CREDIT UNION New Haven $4.62 1400
INDIANAPOLIS’ NEWSPAPER FEDERAL CREDIT UNION Indianapolis $8.44 1385
SULLIVAN COUNTY CREDIT UNION Sullivan $11.10 1271
WUFFACE FEDERAL CREDIT UNION Richmond $3.74 1254
TIPPECANOE FEDERAL CREDIT UNION Lafayette $10.61 1202
IMECO FEDERAL CREDIT UNION South Bend $7.66 1162
JACKSON COUNTY CO-OP CREDIT UNION Seymour $18.81 1138
MARTIN COUNTY COOPERATIVE CREDIT UNION Loogootee $10.07 1129
T H P FEDERAL CREDIT UNION Terre Haute $4.38 1064
FINANCIAL MEMBERS FEDERAL CREDIT UNION Auburn $3.87 1051
SOUTH SHORE RAILROAD EMP FEDERAL CREDIT UNION Michigan City $4.29 1050
RICHMOND CITY EMPLOYEES FEDERAL CREDIT UNION Richmond $4.78 1027
CITY TRUST FEDERAL CREDIT UNION Fort Wayne $8.31 1011
ADAMS COUNTY CREDIT UNION Monroe $14.08 988
RIVER BEND FEDERAL CREDIT UNION South Bend $4.95 981
HUNTINGTON COUNTY FEDERAL CREDIT UNION Huntington $4.26 938
GREAT HORIZONS FEDERAL CREDIT UNION Hammond $2.97 837
HULMAN FIELD TECHNICIANS FEDERAL CREDIT UNION Terre Haute $7.31 832
FO ME BO CO FEDERAL CREDIT UNION Wabash $3.05 725
RICHMOND STATE HOSPITAL EMPLOYEES CREDIT UNION Richmond $1.33 672
VULCRAFT EMPLOYEES FEDERAL CREDIT UNION Fort Wayne $2.57 662
ASSOCIATED FEDERAL CREDIT UNION Elkhart $5.98 571
OUR SUNDAY VISITOR EMPLOYEES FEDERAL CREDIT UNION Huntington $1.93 511
I & M TANNERS CREEK EMPLOYEES FEDERAL CREDIT UNION Lawrenceburg $3.29 502
CLAY COUNTY FARM BUREAU CO-OP CREDIT UNION Brazil $8.06 477
HOBART IND SCHOOL EMPLOYEES FEDERAL CREDIT UNION Hobart $1.70 476
AMAIZO FEDERAL CREDIT UNION Whiting $1.52 458
HAMMOND FIREFIGHTERS ASSN. CREDIT UNION Hammond $1.64 447
SEABOARD GATEWAY FEDERAL CREDIT UNION Evansville $1.41 446
GARY FIREFIGHTERS ASSOCIATION FEDERAL CREDIT UNION Gary $2.05 411
INDIANA UNITED METHODIST FEDERAL CREDIT UNION Kokomo $2.03 410
KOKOMO POST OFFICE CREDIT UNION Kokomo $2.61 410
MT ZION INDIANAPOLIS FEDERAL CREDIT UNION Indianapolis $0.54 405
ELKHART POSTAL EMPLOYEES FEDERAL CREDIT UNION Elkhart $1.54 388
SOUTH BEND TRANSIT FEDERAL CREDIT UNION South Bend $3.47 346
PUBLIC SERVICE EDWARDSPT PL E FEDERAL CREDIT UNION Linton $1.29 337
UNION BAPTIST CHURCH FEDERAL CREDIT UNION Fort Wayne $0.42 315
BATTERY EMPLOYEES FEDERAL CREDIT UNION Attica $1.18 303
MUNCIE POST OFFICE CREDIT UNION Muncie $1.05 301
H A L E FEDERAL CREDIT UNION Indianapolis $0.55 297
CABLE FEDERAL CREDIT UNION Marion $1.69 286
MUNICIPAL EMPLOYEES CREDIT UNION La Porte City $1.08 286
CONCORA WABASH FEDERAL CREDIT UNION Wabash $1.16 271
EAST CHICAGO FIREMEN’S CREDIT UNION East Chicago $0.84 267
BLUFFTON MOTOR WORKS/FRANKLIN ELECT CREDIT UNION Bluffton $1.61 265
GARY POLICE DEPARTMENT EMPLOYEES FEDERAL CREDIT UNION Gary $1.43 237
RICHMOND LIGHT EMPLOYEES FEDERAL CREDIT UNION Richmond $1.09 230
GARY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION Gary $0.36 192
ST. MONICA FEDERAL CREDIT UNION Gary $0.16 179

Student Loans in Indiana of January 2025

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.

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

Federal Housing Administration (FHA) Loans in Indiana of January 2025

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.

County: Single 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 of January 2025

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 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 their website’s contact form.

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. Indiana law requires licensed payday 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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