Personal loans in Cannelburg, IN
The Census estimates 175 residents in Cannelburg, which ranks it 515th of 565 places in Indiana. The first question in Cannelburg is not the rate on offer but whether the payment fits; about 175 people live here under Indiana lending law. Decide the purpose of the loan and your repayment plan before sharing any details with a Cannelburg lender. Rate ceilings, licensing requirements and product limits for Cannelburg are all set at the Indiana level. The 2020 count to the 2023 estimate shows about 0.6% decline in Cannelburg. The nearest larger city is Montgomery, IN about 3 miles away.
The Cannelburg data picture
Most of what governs a Cannelburg loan is written in Indiana law rather than in the city; the sourced notes below make that split concrete.
- Population: 175 people, a figure that places Cannelburg 515th among the 565 Census places in Indiana (US Census Bureau, Vintage 2023).
- Population trend: A loss of roughly 0.6% between 2020 and 2023.
- Net change: roughly 1 fewer people than the 2020 Census counted.
- Size percentile: Cannelburg's 175 people outrank roughly 9% of the places in Indiana.
- Density: roughly 845 residents per square mile, spread over 0.2 sq mi of land.
- By land area: Cannelburg ranks 495th among Indiana's 565 places, at 0.2 sq mi.
- State share: roughly 0.0% of Indiana's residents live in Cannelburg (175 people).
- Nationally: Cannelburg is the 16,862nd-largest of 19,457 Census places in the dataset.
- Growth in Indiana: Cannelburg stands 376th by percentage change from 2020 to 2023, among 565 places.
- State comparison: Indiana's places average +1.0% for 2020-to-2023, against Cannelburg's 0.6%.
- Density rank: Cannelburg is the 446th most densely settled place in Indiana.
- Against the state median: Cannelburg runs about 845 residents per square mile, where the Indiana median is 1,375.
- Location: 38.6679, -86.9976 (Census Gazetteer coordinates).
- Nearest larger cities: Montgomery (3 mi); Loogootee (5 mi); Washington (9 mi); Shoals (11 mi); Odon (12 mi). Living near a larger metro rarely changes what is available in Cannelburg.
- Nearest smaller towns: Alfordsville (8 mi); Crane (16 mi); Newberry (18 mi).
- Smaller places within 50 miles: 9 of them.
- Larger places within 100 miles: 437.
Lender access in Cannelburg
With about 845 residents per square mile, Cannelburg is moderately settled, and 84 larger Census places sit within 50 miles. Distance to a branch rarely matters for Cannelburg's 175 residents: the application is online and the price follows your credit file. The nearest larger city, Montgomery, IN about 3 miles away.
Where Cannelburg sits
Inside Cannelburg's boundaries lie about 0.2 square miles of land, with no significant water area recorded. The resulting density is about 845 people per square mile. The largest place in Indiana, Fort Wayne, lies about 194 miles away. Cannelburg has 84 larger places within a 50-mile radius. The 100-mile radius contains 437 larger places.
A pre-application checklist for Cannelburg
Before you apply in Cannelburg, a community of about 175, work through these steps:
- Get your credit reports, dispute what is wrong, and only then start shopping.
- Price the payment first with our personal loan calculator before any lender quotes you.
- Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
- Make sure the lender appears in the Indiana regulator's licence list.
- Look for an origination fee or prepayment penalty in the written disclosure.
- Test the payment against your current bills before you commit.
- Pick the shortest term whose payment you can comfortably afford.
What differs between Cannelburg and the rest of Indiana is not the process but the borrower's own file, among the 175 people here.
The anatomy of a Cannelburg personal loan
Cannelburg is a small community of about 175 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Because pricing is borrower-level, two people in Cannelburg can be quoted different APRs on the same amount and term. Because the payment is fixed, the total cost of a Cannelburg loan is knowable in advance — unlike a revolving card balance.
Indiana rules behind a Cannelburg personal loan
Below are the Indiana rules that apply to a loan made in Cannelburg, each with the regulator that issued it.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Indiana Department of Financial Institutions (DFI), Consumer Credit Division Source says: "The industries regulated by the Consumer Credit Division are: non-depository small loan ("payday") lenders; traditional installment lenders". | Indiana Department of Financial Institutions as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Indiana Code IC 24-4.5-3-508 sets tiered maximum loan finance charges for supervised loans; the official code site renders client-side and the figure could not be confirmed from a fetched page, so no figure is asserted. | Indiana General Assembly (Indiana Code) as of 2026-09-16 |
| Payday lending status | Permitted under license (small loans); finance charges capped at 15% of the first $250 (tiered above) Source says: "Finance charges on the first $250 of a small loan are limited to 15% of the principal". | Indiana Department of Financial Institutions as of 2026-09-16 |
Common questions
What are my options in Cannelburg if my credit is poor?
What loan size can I expect in Cannelburg?
Do I have to pledge anything to borrow in Cannelburg?
Does comparing loans in Cannelburg cost me credit score points?
Nearby places
- Montgomery, IN — population 782
- Loogootee, IN — population 2,616
- Alfordsville, IN — population 64
- Washington, IN — population 12,513
- Odon, IN — population 1,383
- Shoals, IN — population 680
- Plainville, IN — population 491
- Elnora, IN — population 627