- Payday loans in Switz 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 Bloomington, about 30 miles away.
Switz at a glance
| Switz | |
|---|---|
| Population (2024 Census estimate) | 274 |
| Change since 2020 | +1.9% (growing) |
| County | Greene County |
| Size rank among 482 Indiana places we cover | 476th |
| Nearest larger city | Bloomington (about 30 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Greene County | 1 |
| Other towns within 25 miles | 20 (about 30,219 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
Whether you borrow at a storefront in Bloomington or online from Switz, the lender must hold a Indiana license from the Indiana Department of Financial Institutions and follow state limits.
Credit unions near Switz
No credit union has its main office in Switz, but these are based elsewhere in Greene County (NCUA, June 2026):
- Public Service Edwardspt Pl E Federal Credit Union in Linton (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.
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
Payday loan rules that apply in Switz
Key Indiana limits that apply to Switz borrowers: 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 Switz
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 Greene County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Switz 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.
Towns near Switz
The nearest larger city is Bloomington, about 30 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 Switz?
Yes. Payday loans are legal in Switz under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Switz?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Where is the nearest credit union to Switz?
No credit union is headquartered in Switz, but Public Service Edwardspt Pl E Federal Credit Union is based in Linton, also in Greene 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