- Payday loans in Valparaiso 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 Portage, about 10 miles away.
Valparaiso at a glance
| Valparaiso | |
|---|---|
| Population (2024 Census estimate) | 35,065 |
| Change since 2020 | +2.6% (growing) |
| County | Porter County |
| Size rank among 482 Indiana places we cover | 30th |
| Share of Indiana’s population | 0.5% |
| Nearest larger city | Portage (about 10 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Porter County | 3 |
| Other towns within 25 miles | 38 (about 597,239 residents) |
| Typical payday APR statewide (CRL 2023) | 372% |
Whether you borrow at a storefront in Portage or online from Valparaiso, the lender must hold a Indiana license from the Indiana Department of Financial Institutions and follow state limits.
Credit unions near Valparaiso
No credit union has its main office in Valparaiso, 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.
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Payday loan rules that apply in Valparaiso
Key Indiana limits that apply to Valparaiso 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 Valparaiso
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
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Valparaiso 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 Valparaiso
The nearest larger city is Portage, about 10 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 Valparaiso?
Yes. Payday loans are legal in Valparaiso under Indiana state law, and lenders must be licensed by the Indiana Department of Financial Institutions.
How much does a payday loan cost in Valparaiso?
At Indiana’s maximum fee, borrowing $300 costs $44. The typical statewide APR was 372% in 2023.
Where is the nearest credit union to Valparaiso?
No credit union is headquartered in Valparaiso, 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