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Indiana Payday Loans up to $1K

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Living at the "Crossroads of America" you get a unique chance to apply for a Payday Loan right now without any driving and waiting. Get the necessary cash from the best direct lenders. 

Anyone can face an emergency situation when they need cash fast and without questions. And in such cases most people decide to apply for bad credit unsecured Payday Loans. Short-term cash advance is legal though in some way restricted in Indiana. The interest rate is capped to 15% by the Code §§ 24-4-4.5-7-101 et seq. It's aimed at protecting the consumers from predatory lenders. 

We cooperate only with verified reliable direct lenders who can help you solve your urgent financial problems. You can apply for maximum $550 Payday Loan for 14-30 days.  $1,000 - $5,000 Installment Loans or $5,000 - $35,000 Personal Loans are also a good option.  They are unsecured and available for both good and bad credit. Fill out our simple free online application to see if you qualify for a loan.

Compare Payday Loans in Indiana from the Best Direct Lenders Online or find a Loan Store near your location.
COMPACOM – Compare Companies Online

Loans for ANY  NEEDS
APR from 4.99%

Compare Payday Loans from Direct Lenders and Other Financial Services Online

Find the best Indiana offers choosing among a variety of legit reliable online and in-store lending companies.

TOP RATED COMPANIES

Rates last updated December 15th, 2019
4.3050729673384

LEND YOU

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

17,5%
MIN MPR

The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.4048376830045

Check Into Cash

$1,000
Maximum Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Varied by state
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.4150298889838

Greenlight Cash

$1000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varies by state
MIN MPR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Smaller tax return than you expected? Apply online for quick cash. Apply

Are Payday Loans Legal in Indiana?

Loan Rates and Fees, Laws and Regulations in Indiana.

Maximum $550 Payday loans are offered in Indiana, but not more than 20% of monthly income, for 14-30 days. Longer term and higher amount cash advance available are $1000 - $5000 Installment and $5000 - $15000 Personal loans. They are all regulated by Code §§ 24-4-4.5-7-101 et seq.1 The average APR for Payday lending is 390%. Maximum interest rate is 15%. The Indiana residents can take one cash advance from a lender, two in total. Rollovers are prohibited, but you can be offered an extension repayment plan in at least 4 installments within 60 days without additional fees.

Law status legal
MIN Loan Amount None
MAX Loan Amount $550
MIN. Loan Term 14 days
MAX. Loan Term 30 days
MAX APR 390%
Additional fees 15% of every $100 borrowed
NSF fee $20, once
Collateral or guarantor None, unsecured
Number of simultaneous loans One from lender, two from different lenders
Cooling off period 7 days after 6 consecutive loans
Rollover None
Extension, repayment plan 3 extensions, repayment plan
Default penalties None
Credit score requirements Available for Bad Credit
Apply online
Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $5,000
MIN. Loan Term 90 days
MAX. Loan Term 36 month
MAX APR 225%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Find out more Apply online
Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $35,000
MIN. Loan Term 90 days
MAX. Loan Term 60 month
MAX APR 450%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Find out more Apply online

Quick and Easy Payday Loans Online

Compare top online companies offering fast cash advance with no faxing, no paperwork, possibly no hard credit check and no teletrack. Filling out a free application form guarantees you instant decision and high approval chances even if you have a bad credit score.

ONLINE COMPANIES

Rates last updated December 15th, 2019
4.2962962962963

Payday Loans USA .online

$1,000
MAX. loan amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN MPR

The minimal percentage allowed that actually represents the cost of your loan charged for a month. It's more important for the customer as mostly Payday loan are borrowed for a month term and paid off with the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.0731707317073

Your Faster Payday

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN APR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.2270531400966

Fast Holiday Loans

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

200%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

PayDay Loan Calculator

?
Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
?
It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Before you apply for a short-term cash advance consider other Payday Loan Alternatives

A warning about short-term payday loans

Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default the loan. Though an overpay may be only $1 a day for 100 dollar cash advance you must remember that not paying off the money on time may lead to additional penalty or NSF fees and high total cost.

So, before you make a final decision to apply for a Payday Loan consider other alternatives that may be helpful when you need urgent funds:

  • Think of other more affordable types of loans with lower rates and fees and longer repayment terms such as Installment Loans and Personal Loans,;
  • Consider Debt Consolidation Loans, Credit Builder Loans, Credit Cards;
  • Try social services and local assistance programs;
  • Look for additional part-time jobs or some side gigs and freelance opportunities;
  • Start recycling for money;
  • Address a person able to help you – employer, creditors, family and friends;
  • Use traditional banks or credit unions to get cash.

And keep in mind that the most important thing about any loan, especially Payday Loan is to pay it off on time. It helps you avoid rollovers, renewals or extensions and increases your chances to get out of debt fats and easy.

Indiana Payday Loans and Cash Advance Laws, Rates and Terms

Table of Contents:

Payday Loans in Indiana

Cash Advance in Indiana

Top Payday Loan Companies in Indiana

Are Payday Loans Legal in Indiana?

Payday Loan Interest Rates in Indiana

Online Payday Loan lenders in Indiana

Payday Loan Calculator in Indiana

Payday Alternative Loans

Payday Loan Requirements in Indiana

How Payday Loans in Indiana work?

Online Payday Loans in Indiana

Bad credit Payday Loans in Indiana

Quick Unsecured Payday Loans in Indiana

How much Payday loans cost in Indiana?

Payday Loan from Direct Lenders in Indiana

Payday Loans near me in Indiana

No credit check Payday Loans in Indiana

Other instant cash advance options in Indiana

FAQ

What are Payday Loans?

Payday Loans Same Day in Indiana

Guaranteed Payday Loans from Direct Lenders in Indiana

Compare Payday Loans Locations in Indiana

References

Indiana Payday Loans 

First of all, Payday Loans are legal in Indiana according to the Ind. Code Ann. § 24-4.5-7-101 et seq. Its rules and regulations state2:

  • The maximum amount of $550 but not more than 20% of gross monthly income.
  • Two outstanding loans from different lenders are allowed at a time.
  • Financial charges depend on the amount of the loan but don;t exceed 15%.
  • The repayment term is 14 days.
  • No rollovers are allowed.
  • You can get three extensions if you can't pay off the loan on time.
  • There must be a 7 day cooling off period after 6 consecutive loans.
  • You may apply for a repayment plan.
  • There is a maximum $20 NSF fee.
  • There are no prepayment penalties.
  • Criminal charges are prohibited.

If you want to file a report or complaint on Payday lenders in Idaho, address the Indiana Department of Financial Institutions, https://www.in.gov/dfi/

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Online Payday Loans in Indiana  

Any resident of Indiana can apply for a Payday Loan both online and in-store. But, of course, online lending is becoming more and more popular as it has plenty of advantages:

  • it gives you a chance to compare a lot of different offers at once,
  • you can avoid driving, doing paperwork and waiting in lines,
  • applying is free and simple, 
  • you have very high chances of approval even with a bad credit score,
  • you can find some lenders ready to give you the loan with no credit check,
  • it's available 24 / 7.

The process of applying online is quick and simple:

 

you compare the lenders and choose the one with the best rates and fees;

 

 

 

you fill out the necessary information in the application form

 

 

you get the money deposited into your account within 1 business day

 

 

 

you pay off the loan with your next paycheck

 

 

 

Start with the first step - compare the top-rated Payday Lenders online.

Bad credit Payday Loans in Indiana  

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such loan. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account. You can find all these important criteria on COMPACOM.com website, which gives you a unique opportunity to compare companies. Pay attention to:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility qualifications
  • Employment requirements
  • Interest rates and types
  • Loan terms
  • Fees and penalties
  • Repayment options

The types of loans available for bad credit applicants are Payday Loans, Personal Loans and Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. You are most likely to get a Payday cash advance as its amount is not very high, $100 - $1000, and the APR on the contrary may exceed 400%. This fact shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

Quick Payday Loans in Indiana  

Payday Loans are conidered to be fast because:

  • it takes only some minutes to apply
  • you get instant decision
  • the money is deposited into your bank account within a day, or sometimes - an hour.

If you really badly need money fast consider applying in-store. Check cahsers may give you the cash at once.

The main reasons to apply for a Payday Loan in Indiana are:

  1. You get the funds fast. Banks take a while to qualify you for a loan. Direct lenders usually guarantee instant approval.
  2. You can spend the money on any personal needs you have. 
  3. It's possible to find a lender ready to approve you with no credit check. 
  4. If you have bad credit score and can't get a loan from banks and other traditional financial institutions, you can always find a direct lender ready to help you.
  5. The requirements for a Payday Loan are very simple.

How much Payday Loans cost in Indiana? 

The total cost of any loan consists of the principal, interest and additional fees. The maximum fee charged on a payday loan in Idaho is variable depending on the loan amount and the lender. Besides, you may be charged a verification fee. Direct lenders are prohibited to charge more than 15% for a Payday loan in Indiana. Provided that a loan amounts to $401 to $500, the finance fee cannot exceed 10%; if it is $251 to $400 loan, finance fee should be not more than 13%, loans of $0 to $250 are generally charged the highest – 15%. Besides, only one non-sufficient funds fee of maximum $20 for a loan can be charged from a borrower. Any criminal actions against borrowers are prohibited in the state of Indiana.

Or you can find out how much the necessary amount Payday Loan will cost you may use our calculator.

Payday Loans Direct Lenders in Indiana 

First of all, before choosing a lender do some research, don't apply with the first company you see, be responsible as it can influence your future financial wellness.

  • Surf the Internet;
  • Use some comparing services such as compacom.com;
  • Read the customers' reviews, etc.

Before signing an agreement get familiar with the laws and regulations concerning Payday lenders in Indiana. Both online and in-store direct Payday lenders must:

  • be licensed and follow the rules set by the state;
  • include the most relevant information on the first page of your contract: the amount of the loan, the terms of the loan, the cost of the loan;
  • never ask for or accept payment by automatic deduction from your paycheck (assignment of wages)
  • explain the cost of a payday loan and its possible consequences.

When you do sign an agreement with the lender you've chosen don't forget what the Indiana law says about it:

  • the agreement must contain the name and address of the lender and his office, the name of the lender's representative who signed the agreement, a clear description of the agreement including the date of the loan, the amount, the loan term, and the transaction number.
  • there mustn't be any prepayment fees, 
  • no additional guarantor can be required,
  • the money should be provided in the form of cash, other forms are allowed only with the borrower's agreement,
  • a borrower should get the copy of this agreement 

Payday Loans neara me in Indiana

If you are searching for Payday Loans near you in Indiana, you're likely to need store locations with address and so on. It may be a good idea if you borrow money for the first time and require a personal assistant's help or if you want to get the cash advance as fast as possible, same day. But in other cases, there's nothing more convenient than applying for a Payday Laon online filling out a simple loan request. Thus you get an opportunity to compare various lenders, choose the most suitable offers with the lowest rates, and save time and energy. Besides, online Payday Loans are highly available even for bad credit borrowers in Indiana. Some direct lenders offer No credit check loans, and practically no one requires a collateral.

If you're still looking for locations of Payday Loan stores in Indiana in your city, use our Payday Loan store locator. Find the addresses, directions, phone numbers and other relevant information which will help you find the cash advance faster and easier.

No credit check Payday Loans in Indiana 

To find the lender ready to approve you for a Payday Loan without credit check is hard but possible. But you must understand that the fees for such cash advance may be higher than usual as it's more risky for the lender. So consider getting a loan with at least soft credit check. It'll make the process more safe for both you and the lending compeny and the loan will be cheaper. Still it won't damage your credit history.

Other instant cash advance options in Indiana 

If for any reason you want to avoid getting a short-term Payday Loan - consider the following alternatives:

  • Installment Personal Loans - they are cheaper and repaid over a longer period of time.
  • State Assistance Programs - if you are the resident of Idaho and have a low income you are eligible to get some help from the Government;
  • Ask your family or friends for help - it may sound embarassing bt they usually don't charge any interest and fees for giving you the money. Just keep in mind, you 'll have to pay it off all the same;
  • Plan your budget more carefully, save money, or earn some extra money.

FAQ  

 
Who shall i address if i have questions or complaints?
 
Can i rollover a Payday Loan in Indiana?
 
Can the lender take any criminal actions or sell my debt to the third party if i default the loan?
 
Can i get a repayment plan if i can't repay the loan?

 

Requirements to qualify for a Payday Loan in Indiana:

What do I need to qualify for a short-term cash advance?

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • Indiana (US) residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

What are Payday Loans in Indiana?

All you need to know about Payday Loans.

Payday loans, or as they are also called “small dollar”, “bad credit”, “same day”, “short term”, “cash advance” are a kind of easy quick unsecured $100 - $1000 cash advance paid off with your next paycheck in 14 – 30 days. As soon as you are approved you are likely to get the money in your account in 24 hours or even the same day. Bad credit is not a problem to receive the necessary funds. Most direct lender Payday Loans are granted to any borrower with a steady income.

So, the main characteristics of Payday Loans are:

  • $100 - $1000 average loan amount;
  • 14-30 days repayment term;
  • money in your account in 24 hours or even the same day;
  • available even for bad credit;

More than 12 mln Americans use cash advance every year.

It’s legal in 36 states (with some restrictions in 9 of them) and prohibited in the other 14 and the District of Columbia.

You can take a Payday loan in storefronts, online and even in a few banks in Indiana. It’s very simple to apply for it:

  1. just fill out a form with the state and e-mail address,
  2. if you are over 18, have a permanent job, income and a valid bank account, you have 98% chance to get instant approval from a direct lender;
  3. receive the money in your bank account less than 24 hours.

Payday loans are very attractive for the majority of borrowers because you don’t need any guarantor or collateral, and you can get it even with a bad or poor FICO score.

On the other hand, they are notorious for charging too high APR and leading to a continuous debt trap, but it’s a common myth. To debunk it we provide you with the cost of $100 Payday Loan at 400% APR for 14 days which is only $1 a day. You can calculate the cost of your loan free using our Payday Loan Calculator. Try Payday cash advance and make sure that it’s really as easy as ABC: Affordable, Beneficial, Convenient!

Same Day Payday Loans in Indiana

Payday loans are known to be short-term small-dollar cash advance, starting minimum with $100 and up to $1,000. Applying is easy and quick especially if you apply for a Payday Loan online. The funds can be deposited into your bank account the next business day if you borrow from online direct lenders. If you drive to a store near you in it’s possible to get a Payday Loan with the same day deposit.

Read more: Same Day Payday Loans. 

Guaranteed Payday Loans from direct lenders in Indiana

Many Indiana lenders promise you a guaranteed instant approval for a Payday Loan. But be careful, take into account all the risks concerning short-term cash advance. You should understand that not all the borrowers can be approved. Though Indiana Payday Loans are really highly available, even for bad credit and with NO credit check sometimes, lenders can’t guarantee 100% approval. If you have no job, very low income, or many debts in the past, your chances to get the money are very low.

The truth is you do get an instant decision from a lender. Especially if you fill out our online application form you save plenty of time and energy and make lending procedure much faster and easier. It takes only several minutes to match you with the necessary lender and get his reply. That’s why Payday Loans are rightly considered the fastest and the easiest.

Related article

Questions and Answers

COMPACOM TEAM Expert answer

If you meet the requirements, and need not more than maximum Payday cash advance allowed in Indiana ($5000) you can legally apply for and get 2 Payday Loans in the state. Take into account that only one loan can be taken out form a lender, so these two must be from different lenders. 

Show more

Other Payday loan regulations in Indiana include:

Law status legal
MIN Loan Amount None
MAX Loan Amount $550
MIN. Loan Term 14 days
MAX. Loan Term 30 days
MAX APR 390%
Additional fees 15% of every $100 borrowed
NSF fee $20, once
Collateral or guarantor None, unsecured
Number of simultaneous loans One from lender, two from different lenders
Cooling off period 7 days after 6 consecutive loans
Rollover None
Extension, repayment plan 3 extensions, repayment plan
Default penalties None
Credit score requirements Available for Bad Credit

Read more: Payday Loans in Indiana.

 

Show less

Loans for ANY  NEEDS
APR from 4.99%

Loans for ANY  NEEDS
APR from 4.99%

Advertiser Disclosure

Compacom.com is a referral advertising service that provides information and reviews on various companies to help customers compare them. It may or may not be affiliated with these businesses. Thus it is not responsible for their products and services. As you are redirected to the third party's website it's your responsibility to check all the details of the deal. Neither is Compacom.com liable for other companies' logos, names are trademarks™ or registered® trademarks used on our website. Their use does not signify or suggest the endorsement, affiliation, or sponsorship. The main aim is to provide verified information which is taken from the companies' websites and supported by the links to the sources.

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We strive to keep all the information on this site up-to-date and accurate but you should check any rates and terms as well as other product or service information on the provider's website.