Personal loans in Mentone, IN

Mentone, Indiana is a small community, and the lending rules its residents live under are written at the state level, not by the city. With an estimated 922 residents, Mentone is the 321st-largest of 565 places in Indiana. A 2020-to-2023 comparison shows Mentone down by about 2.4%. A lender that serves Indiana operates under that state's lending statutes and its own supervisor. Work out your debt-to-income ratio first; lenders weigh it heavily. The closest larger city is Akron, IN about 9 miles away.

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

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Borrowing in Mentone: the local picture

Mentone is a small community; the notes below cover its population profile and the statewide rules that apply.

Population: about 922 people live here, which puts Mentone 321st of 565 Census places in Indiana (Vintage 2023).
Population trend: A drop of about 2.4% from 2020 to 2023.
Size percentile: it sits ahead of around 43% of Indiana places.
Location: the Census Gazetteer records it at 41.1738, -86.0384.
Nearest larger cities: Akron (9 mi); Bourbon (10 mi); Warsaw (11 mi); Rochester (11 mi); Argos (12 mi). For most borrowers the comparison happens online, not at a branch.
Nearest smaller towns: Burket (4 mi); Etna Green (7 mi); Claypool (9 mi) — useful context for the surrounding area.

What Indiana law requires in Mentone

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

Rule	Detail	Source
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
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

What a Mentone personal loan looks like

A personal loan can fold higher-rate debt together, fund a planned expense, or absorb a one-off cost — provided the payment fits without new borrowing. A lender who will not put the terms in writing is a reason to walk away. The rate you see advertised is a range, not a promise, until a lender reviews your file.

A pre-application checklist for Mentone

A handful of practical steps will make borrowing in Mentone less expensive:

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.
Write down the purpose of the loan and your repayment plan before you apply.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Mentone 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 Mentone is the same as anywhere in Indiana.

What loan size can I expect in Mentone?

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 Mentone?

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 Mentone 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

Burket, IN — population 122
Etna Green, IN — population 569
Akron, IN — population 1,113
Bourbon, IN — population 1,673
Claypool, IN — population 397
Silver Lake, IN — population 868
Rochester, IN — population 6,211
Warsaw, IN — population 16,097