Payday loans in Indiana
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Indiana payday loan rules at a glance
| Governing law | Indiana Uniform Consumer Credit Code, small loans, IC 24-4.5-7. (IC 24-4.5-7) |
|---|---|
| Maximum loan | $825 total outstanding with one lender (single or combined loans), and no single loan over 20% of your gross monthly income. (IC 24-4.5-7-104(2), 24-4.5-7-404(3); 750 IAC 1-1-1) |
| Fees / interest cap | 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. (IC 24-4.5-7-201) |
| Minimum term | 14 days. (IC 24-4.5-7) |
| Rollovers / renewals | Not allowed. A lender may not renew, refinance, repay or consolidate a small loan with the proceeds of another small loan from the same lender. (IC 24-4.5-7) |
| Cooling-off period | 7 days after you have had 6 loans in a row (an initial loan plus 5 consecutive loans) with one lender. A loan is 'consecutive' if made within 7 days after the previous one was paid. (IC 24-4.5-7) |
| Loans at one time / database | Only one loan agreement at a time with a given lender, and no small loan at all if you already have 2 or more small loans outstanding. (IC 24-4.5-7) |
| Extended payment plan | Yes. The lender must offer an extended payment plan when you take a 3rd, 4th or 5th consecutive loan, and you may request one at any time during a 3rd or later consecutive loan if you are not in default. No extra fees. While on the plan you cannot take another small loan from any lender. (IC 24-4.5-7-401) |
| Returned-payment fee | Up to $25, charged only once per returned check or failed debit no matter how many times it is presented. (IC 24-4.5-7) |
| Criminal charges for bounced check | The lender may not threaten or start criminal proceedings against you if your check bounces. (IC 24-4.5-7) |
How much will I repay?
Indiana does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Status | Max loan |
|---|---|---|
| Illinois | Not available | Payments coming due in the loan's first month, together with your other payday loans due that month, may not exceed the… |
| Kentucky | Legal | You may have at most two payday loans open at once, and the total cash you receive from all open payday loans may not… |
| Michigan | Legal | A licensee may make one payday loan to you for any amount up to $600 (fees not included). |
| Ohio | Legal | A short-term loan may not exceed $1,000. |
Payday Loans by city in Indiana
Counties in Indiana
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Also see: Personal Loans in Indiana · Title Loans in Indiana · All Indiana loan options
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.
How many payday loans can you have at once in Indiana?
Only one loan agreement at a time with a given lender, and no small loan at all if you already have 2 or more small loans outstanding.
Can you roll over a payday loan in Indiana?
Not allowed. A lender may not renew, refinance, repay or consolidate a small loan with the proceeds of another small loan from the same lender.
Do Indiana payday lenders have to offer a payment plan?
Yes. The lender must offer an extended payment plan when you take a 3rd, 4th or 5th consecutive loan, and you may request one at any time during a 3rd or later consecutive loan if you are not in default. No extra fees. While on the plan you cannot take another small loan from any lender.
Can a payday lender press criminal charges in Indiana?
The lender may not threaten or start criminal proceedings against you if your check bounces.
Can I get a payday loan on the weekend in Indiana?
You can submit our online form any time, including nights and weekends, and some lenders review requests right away. Funding depends on banking days, though, so money requested on a Saturday or Sunday typically arrives the next business day. Submitting early helps you get in line for the first available deposit. Indiana residents can start a request now; it takes about 3 minutes.
How much does a payday loan cost in Indiana?
15% on the first $250; 13% on the part from $250 to $400; 10% on the part from $400 to $825. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Indiana borrowers in about 3 minutes.
Do payday loans in Indiana affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Indiana residents can see their options with our 3-minute form.
What do I need to get a payday loan in Indiana?
Most lenders ask for a few basics: you must be a legal adult, with a valid government-issued ID, a steady source of income, an active checking account in your name, and a phone number and email. Some lenders also ask for recent pay stubs or bank statements. Having these ready makes our 3-minute form quick, and many Indiana applicants get a decision in minutes.