- Payday loans are legal in Indiana under the Indiana Small Loan law (IC 24-4.5-7).
- The typical APR on a $400 payday loan in Indiana was 372% (CRL, June 2023, from state regulator data).
- Borrowing $300 at the maximum fee costs $44.
Payday loan rules in Indiana
| Rule | Indiana |
|---|---|
| Maximum loan | $605, and no more than 20% of your gross monthly income |
| Maximum fee | 15% of the first $250, 13% of $251–$400, 10% of $401–$605 |
| Minimum term | 14 days |
| Loans at once | Two, tracked in a statewide database |
Rules checked 2026-10-04. Laws change, so confirm current limits with the Indiana Department of Financial Institutions.
What a payday loan costs in Indiana
The Center for Responsible Lending found the typical APR on a $400 single-payment payday loan in Indiana was 372%, based on data from the state regulator (June 2023). Under the state’s fee limits, borrowing $300 costs $44. Use our cost calculator to turn any offer into an APR.
Most payday loans are due in one payment on your next payday. If repaying leaves you short again, ask about an extended payment plan and avoid renewals.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
How to check a lender in Indiana
- Make sure the lender is licensed by the Indiana Department of Financial Institutions. Many lenders can also be looked up on NMLS Consumer Access.
- Get the APR and finance charge in writing before you sign. Federal law requires them.
- Be careful with online lenders that say Indiana law does not apply to them because they are tribal or offshore.
- File complaints with the state regulator and the CFPB.
Cheaper options in Indiana
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Indiana that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Indiana cities
Local guides for 482 Indiana cities and towns, with credit unions, nearby towns and the rules that apply.
- Payday loans in Indianapolis
- Payday loans in Fort Wayne
- Payday loans in Evansville
- Payday loans in Fishers
- Payday loans in South Bend
- Payday loans in Carmel
- Payday loans in Bloomington
- Payday loans in Hammond
- Payday loans in Noblesville
- Payday loans in Lafayette
- Payday loans in Greenwood
- Payday loans in Gary
- Payday loans in Muncie
- Payday loans in Westfield
- Payday loans in Kokomo
All 482 Indiana cities, A to Z
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Indiana?
Yes. Payday lending is legal in Indiana under the Indiana Small Loan law (IC 24-4.5-7) and is regulated by the Indiana Department of Financial Institutions.
What is the typical payday loan APR in Indiana?
The Center for Responsible Lending reported a typical APR of 372% on a $400 payday loan in Indiana, using state regulator data (June 2023).
Where can I complain about a payday lender in Indiana?
Contact the Indiana Department of Financial Institutions and file a complaint with the Consumer Financial Protection Bureau.