Personal loans in Ferdinand, IN

Ferdinand, Indiana is a small community, and the lending rules its residents live under are written at the state level, not by the city. Roughly 2,189 residents live in Ferdinand, the 189th-largest community in Indiana. Census figures put the 2020-to-2023 increase at about 1.7%. Rate ceilings, licensing requirements and product limits in Indiana are all set at the state level. Read the disclosure for an origination fee and any prepayment penalty before signing. The nearest larger city is Huntingburg, IN about 7 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

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Borrowing in Ferdinand: the local picture

Here is the sourced Census picture for Ferdinand, plus the Indiana lending rules that apply to a loan taken out here.

Population: 2,189 residents; Ferdinand is the 189th-largest of 565 places in Indiana (US Census Bureau, Vintage 2023).
Population trend: Growth of about 1.7% across the 2020-to-2023 comparison.
Size percentile: it sits ahead of around 67% of Indiana places.
Location: it lies at 38.2280, -86.8625 in the Census Gazetteer.
Nearest larger cities: Huntingburg (7 mi); Santa Claus (8 mi); Jasper (12 mi); Tell City (20 mi); Boonville (26 mi). A branch is convenient; it is not what sets your APR.
Smaller communities close by: Dale (7 mi); Holland (10 mi); Birdseye (11 mi), each with its own Census population profile.

What Indiana law requires in Ferdinand

The rows below set out what a licensed lender must follow in Indiana, and so in Ferdinand.

Rule	Detail	Source
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
Small-loan / installment lender licensing	Small Loan License required (IUCCC; separate Consumer Loan License for IC 24-4.5-3 loans) Source says: "unless a person is a supervised financial organization or has first obtained a small loan license from the Department of Financial Institutions (DFI)".	Indiana Department of Financial Institutions as of 2026-09-16
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
Small-loan size limit	$825 maximum aggregate small-loan principal per borrower Source says: "Lenders cannot have loans ... outstanding with you at any one time if the aggregate principal amount/amount financed exceeds $825".	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

What a Ferdinand personal loan looks like

Two numbers drive a Ferdinand personal loan: the APR, which includes fees, and the term, which decides how long you keep paying. The quoted APR tracks your credit score: an excellent file may earn a single-digit rate, while damaged credit can push the rate into the high twenties or thirties. If the payment would strain your budget, a smaller loan or a longer saving period is the safer route.

A pre-application checklist for Ferdinand

These are the steps that most influence the offer you get in Ferdinand:

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
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.
Confirm the lender holds a Indiana licence by checking the regulator named above.
If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

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Common questions

What are my options in Ferdinand if my credit is poor?

Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Ferdinand is the same as anywhere in Indiana.

What loan size can I expect in Ferdinand?

Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.

Do I have to pledge anything to borrow in Ferdinand?

For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.

Does comparing loans in Ferdinand cost me credit score points?

Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Dale, IN — population 1,522
Huntingburg, IN — population 6,495
Santa Claus, IN — population 2,609
Holland, IN — population 610
Jasper, IN — population 16,781
Birdseye, IN — population 410
Gentryville, IN — population 254
Troy, IN — population 361