- Payday loans in Centerville 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 Richmond, about 6 miles away.
Centerville at a glance
| Centerville | |
|---|---|
| Population (2024 Census estimate) | 2,769 |
| Change since 2020 | +0.4% (holding steady) |
| County | Wayne County |
| Size rank among 482 Indiana places we cover | 163rd |
| Nearest larger city | Richmond (about 6 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Wayne County | 4 |
| Other towns within 25 miles | 21 (about 83,283 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
There is no separate Centerville payday law: Indiana rules apply here, and any lender serving Centerville residents, online or in person, needs a license from the Indiana Department of Financial Institutions.
Credit unions near Centerville
No credit union has its main office in Centerville, but these are based elsewhere in Wayne County (NCUA, June 2026):
- Wayne County Federal Credit Union in Richmond (federal charter — may offer payday alternative loans (PALs))
- Health Care Professionals Federal Credit Union in Richmond (federal charter — may offer payday alternative loans (PALs))
- Natco Credit Union in Richmond (state charter)
- Perfect Circle Credit Union in Hagerstown (state charter)
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 Centerville
In short, Indiana rules that cover Centerville 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 Centerville
At Indiana’s maximum fee, borrowing $300 costs $44. Statewide, the typical APR on a $400 payday loan was 372% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Wayne County before you borrow
Before a payday loan, Centerville residents can usually find something cheaper:
- Local assistance through 211 covering Wayne 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 Centerville
- Greens Fork · 5 mi
- Richmond · 6 mi
- Spring Grove · 6 mi
- East Germantown · 7 mi
- Milton · 9 mi
- Cambridge · 9 mi
The nearest larger city is Richmond, about 6 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 Centerville?
Yes. Payday loans are legal in Centerville under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Centerville?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Where is the nearest credit union to Centerville?
No credit union is headquartered in Centerville, but Wayne County Federal Credit Union is based in Richmond, also in Wayne 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