- Payday loans in Terre Haute follow Indiana law (Indiana Small Loan law (IC 24-4.5-7)).
- Borrowing $300 at the state maximum costs $44.
- 4 credit unions are headquartered in Terre Haute; ask about small-dollar loans before borrowing.
Terre Haute at a glance
| Terre Haute | |
|---|---|
| Population (2024 Census estimate) | 58,531 |
| Change since 2020 | +0.2% (holding steady) |
| County | Vigo County |
| Size rank among 482 Indiana places we cover | 16th |
| Share of Indiana’s population | 0.8% |
| Nearest larger city | Bloomington (about 50 miles) |
| Credit unions headquartered in town (NCUA) | 4, 4 federal |
| Credit unions headquartered in Vigo County | 4 |
| Other towns within 25 miles | 20 (about 30,716 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
Whether you borrow at a storefront in Bloomington or online from Terre Haute, the lender must hold a Indiana license from the Indiana Department of Financial Institutions and follow state limits.
Credit unions in Terre Haute
These credit unions have their main office in Terre Haute, according to NCUA call report data (June 2026):
- Vigo County Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- T H P Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Advantageplus of Indiana Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Indiana State University Federal Credit Union (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 Terre Haute
Key Indiana limits that apply to Terre Haute 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 Terre Haute
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 Vigo 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 Terre Haute 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 Terre Haute
- West Terre Haute · 4 mi
- Seelyville · 6 mi
- Staunton · 10 mi
- Universal · 12 mi
- Rosedale · 12 mi
- Clinton · 14 mi
The nearest larger city is Bloomington, about 50 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 Terre Haute?
Yes. Payday loans are legal in Terre Haute under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Terre Haute?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Are there credit unions in Terre Haute?
Yes. NCUA data lists 4 credit unions with a main office in Terre Haute, including Vigo County Federal Credit Union and T H P Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
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