Loans in Indiana: payday, personal & title loan laws (2026)
Payday Loans Legal
Payday loans, called small loans, are legal in Indiana from DFI-licensed lenders under the Uniform Consumer Credit Code, IC 24-4.5-7.
Personal Loans
Supervised loans: 36% to $2,600, 21% to $5,200, 15% above (or 25%).
Title Loans
Indiana small (payday) loans may not be secured by any personal property other than a check or debit authorization, so a payday loan cannot be a title loan.
Indiana at a glance
Counties in Indiana
Cities in Indiana
Frequently asked questions
Are payday loans legal in Indiana?
Payday loans, called small loans, are legal in Indiana from DFI-licensed lenders under the Uniform Consumer Credit Code, IC 24-4.5-7. As of January 1, 2025 the total you can owe one lender is capped at $825, and fees are capped on a sliding scale.
How much can you borrow with a payday loan in Indiana?
$825 total outstanding with one lender (single or combined loans), and no single loan over 20% of your gross monthly income.
How much do payday loans cost in Indiana?
15% on the first $250; 13% on the part from $250 to $400; 10% on the part from $400 to $825. Examples from DFI: $30 on $200, $44 on $300, $99.50 on $825. No other charges except the returned-payment fee.
Are title loans legal in Indiana?
Indiana small (payday) loans may not be secured by any personal property other than a check or debit authorization, so a payday loan cannot be a title loan. No Indiana law specifically licensing car title loans was confirmed.
Is there a cap on personal loan interest rates in Indiana?
Supervised loans: 36% to $2,600, 21% to $5,200, 15% above (or 25%).
Do personal loan lenders need a license in Indiana?
Yes. A person who regularly makes consumer loans (other than small loans or mortgage transactions), or takes assignments of and collects them, must get and keep a DFI license unless exempt (e.g., banks and credit unions).