Personalloaner

Indiana lending rules

Personalloaner covers 565 Census places in Indiana, which together hold an estimated 3,742,103 people. Licensed lenders set personal-loan terms here under Indiana law, and the sourced rules below reach every borrower in the state.

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

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Key rules for borrowers in Indiana

RuleDetailSource
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
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

Places we cover in Indiana

The Census Bureau counts 565 places in Indiana, and the largest are linked below.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

How high can interest rates legally go in Indiana?
The answer turns on the product and on which statute applies to it. This page's table sets out Indiana's usury cap and licensing rules, and each row carries its publisher and a link to the primary source.
What is Indiana's position on payday lending?
Each state handles payday lending on its own: some permit it, some cap it, some prohibit it. The sourced row on this page gives Indiana's current position.
How do I know a lender is licensed in Indiana?
Consumer lenders generally need a licence issued by the state regulator identified on this page. Verify that licence with the regulator before you commit to anything.

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