- Payday loans in Harmony 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 Terre Haute, about 17 miles away.
Harmony at a glance
| Harmony | |
|---|---|
| Population (2024 Census estimate) | 673 |
| Change since 2020 | -0.7% (holding steady) |
| County | Clay County |
| Size rank among 482 Indiana places we cover | 369th |
| Nearest larger city | Terre Haute (about 17 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 26 (about 101,175 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
There is no separate Harmony payday law: Indiana rules apply here, and any lender serving Harmony residents, online or in person, needs a license from the Indiana Department of Financial Institutions.
Credit unions near Harmony
NCUA data (June 2026) shows no credit union headquartered in Harmony or Clay County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
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.
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Payday loan rules that apply in Harmony
In short, Indiana rules that cover Harmony 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 Harmony
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 Clay County before you borrow
Before a payday loan, Harmony residents can usually find something cheaper:
- Local assistance through 211 covering Clay 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 Harmony
The nearest larger city is Terre Haute, about 17 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 Harmony?
Yes. Payday loans are legal in Harmony under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Harmony?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Where is the nearest credit union to Harmony?
NCUA data shows no credit union headquartered in Harmony or its county. Use the NCUA credit union locator to find branches and online credit unions.
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