- Payday loans in Berne follow Indiana law (Indiana Small Loan law (IC 24-4.5-7)).
- Borrowing $300 at the state maximum costs $44.
- The nearest larger city is Fort Wayne, about 31 miles away.
Berne at a glance
| Berne | |
|---|---|
| Population (2024 Census estimate) | 4,310 |
| Change since 2020 | +3% (growing) |
| County | Adams County |
| Size rank among 482 Indiana places we cover | 135th |
| Nearest larger city | Fort Wayne (about 31 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Adams County | 1 |
| Other towns within 25 miles | 15 (about 42,284 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
There is no separate Berne payday law: Indiana rules apply here, and any lender serving Berne residents, online or in person, needs a license from the Indiana Department of Financial Institutions.
Credit unions near Berne
No credit union has its main office in Berne, but these are based elsewhere in Adams County (NCUA, June 2026):
- Central Soya Federal Credit Union in Decatur (federal charter — may offer payday alternative loans (PALs))
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Berne
In short, Indiana rules that cover Berne include: 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. See the full Indiana payday loan rules.
What a $300 loan costs in Berne
The Center for Responsible Lending put the typical APR on a $400 payday loan in Indiana at 372% (June 2023). For $300 at the state maximum, expect $44. Check any offer with our payday loan calculator.
Other help in Adams County before you borrow
Before a payday loan, Berne residents can usually find something cheaper:
- Local assistance through 211 covering Adams County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Berne
The nearest larger city is Fort Wayne, about 31 miles away. See all 482 Indiana cities.
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 Berne?
Yes. Payday loans are legal in Berne under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Berne?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Where is the nearest credit union to Berne?
No credit union is headquartered in Berne, but Central Soya Federal Credit Union is based in Decatur, also in Adams County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Indiana DFI — Small loan law borrower rights
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary