Personal loans in Madison, IN
In Madison, one of 565 Census places in Indiana, the figure to compare across lenders is the APR, not the advertised rate. Madison is one of 565 Census places in Indiana; its 12,208 residents put it at 71st. Price two or three terms so you can see which payment is truly affordable in Madison. Madison shed about 1.2% of its population between the 2020 base and the 2023 estimate. A lender that serves Madison operates under Indiana lending statutes and a Indiana supervisor. The next larger city is Seymour, IN about 29 miles away.
What the Census records for Madison
What follows is Madison's place in the Census record, alongside the Indiana rules that govern a personal loan made here.
- Population: an estimated 12,208 residents, 71st of 565 places in Indiana (Census Vintage 2023 subcounty estimate).
- Population trend: About 1.2% below the 2020 Census base.
- People gained or lost: about 152 fewer since the 2020 base.
- Size percentile: bigger than about 87% of the places in Indiana, with 12,208 residents in Madison.
- Density: the Census land area of 8.6 sq mi holds about 1,413 people per square mile.
- Land area rank: Madison's 8.6 square miles rank 68th of 565 places in Indiana.
- Water area: Madison has 0.28 square miles of water, ranking 33rd of 565 places in Indiana.
- Share of Indiana: Madison holds about 0.3% of the state's population, some 12,208 people.
- Nationally: Madison is the 2,743rd-largest of 19,457 Census places in the dataset.
- Growth rank: Madison's 2020-to-2023 change ranks 474th of 565 places in Indiana.
- Against the state trend: Madison's 1.2% change compares with a Indiana average of +1.0% across its 565 places.
- Density rank: Madison places 266th among Indiana's places by people per square mile.
- Density in context: Madison's 1,413 people per square mile sit against a Indiana median of 1,375.
- Location: mapped by the US Census Bureau at 38.7588, -85.3971.
- Nearest larger cities: Seymour (29 mi); Jeffersonville (34 mi); Clarksville (36 mi); St. Matthews (38 mi); New Albany (39 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Nearest smaller towns: Milton (3 mi); Hanover (5 mi); Brooksburg (8 mi).
- Smaller places within 50 miles: 174 of them.
- At 100 miles: 80 larger Census places fall inside that radius.
Which Indiana laws govern a loan in Madison
Read the table as a lender's compliance picture for Madison: the rule, the sourced figure, the publisher and the date.
| 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 |
| 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 |
| 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 |
The anatomy of a Madison personal loan
Most loans made to Madison's 12,208 residents are unsecured, so nothing is pledged and the lender relies on your credit history. The rate you see advertised is a range, not a promise, until a lender reviews your file in Madison. Because the payment is fixed, the total cost of a Madison loan is knowable in advance — unlike a revolving card balance.
How Madison compares across Indiana
Set beside Indiana's 565 places, Madison ranks 71st by population and holds about 0.3% of the state total. On the 2020-to-2023 trend, Madison stands 474th among Indiana's 565 places — roughly the 16th percentile. Its roughly 1,413 residents per square mile place it 266th among Indiana's places. In land area, Madison ranks 68th among Indiana's 565 places.
How lenders reach Madison
Madison is a moderately settled community of about 12,208 people, with 15 larger places inside a 50-mile radius. A Indiana licence lets a lender serve Madison without a local office, so branch density does not change what its 12,208 residents are offered. The nearest bigger place is Seymour, IN about 29 miles away.
Madison on the map
The Census Gazetteer records 8.6 square miles of land and 0.28 square miles of water within Madison. With 12,208 residents, the land area yields roughly 1,413 people per square mile. The largest place in Indiana, Fort Wayne, lies about 162 miles away. Madison has 15 larger places within a 50-mile radius. By land area it ranks 68th of 565 Indiana places.
Common questions
What are my options in Madison if my credit is poor?
What loan size can I expect in Madison?
Do I have to pledge anything to borrow in Madison?
Does comparing loans in Madison cost me credit score points?
Nearby places
- Milton, KY — population 592
- Hanover, IN — population 3,814
- Brooksburg, IN — population 71
- Dupont, IN — population 339
- Bedford, KY — population 527
- Prestonville, KY — population 177
- Carrollton, KY — population 3,914
- Campbellsburg, KY — population 848