- Payday loans in Kouts 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 Valparaiso, about 11 miles away.
Kouts at a glance
| Kouts | |
|---|---|
| Population (2024 Census estimate) | 2,058 |
| Change since 2020 | +1.4% (growing) |
| County | Porter County |
| Size rank among 482 Indiana places we cover | 206th |
| Nearest larger city | Valparaiso (about 11 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Porter County | 3 |
| Other towns within 25 miles | 29 (about 328,693 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
Payday lending in Kouts follows Indiana state law. Lenders that serve Kouts, in a store or online, must be licensed by the Indiana Department of Financial Institutions.
Credit unions near Kouts
No credit union has its main office in Kouts, but these are based elsewhere in Porter County (NCUA, June 2026):
- Gesb Sheet Metal Workers Federal Credit Union in Portage (federal charter — may offer payday alternative loans (PALs))
- Midwest Family Federal Credit Union in Portage (federal charter — may offer payday alternative loans (PALs))
- Allegius Federal Credit Union in Burns Harbor (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 Kouts
The main Indiana rules for a payday loan in Kouts: 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 Kouts
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 Porter County before you borrow
- Call or text 211 for help with rent, utilities and food in Porter County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Kouts
The nearest larger city is Valparaiso, about 11 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 Kouts?
Yes. Payday loans are legal in Kouts under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Kouts?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Where is the nearest credit union to Kouts?
No credit union is headquartered in Kouts, but Gesb Sheet Metal Workers Federal Credit Union is based in Portage, also in Porter 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