Indiana Payday Loans

In the state of Indiana payday loans are legal. There is a comprehensive legislative arrangement on payday loans in place. You are allowed to take any amount of loan not exceeding $500 and in no case this should be higher than 15% of the monthly gross income. You generally get loans from financial institutions which are mostly Indiana payday loans companies. If you are dealing with a reputable company, it will not offer you more than this as this limit is set by law.

The state allows the Indiana payday loans lending companies to charge from you a specific rate of interest on loans. If you borrow a loan of $250 the rate of interest will be 15%. From $250 to $400 the rate of interest is 13%. And on an amount greater than $400 and not exceeding $500 it should be 10%. You can take the loan for a minimum of 14 days. This is the legal limit, but the law is silent on the point of the maximum number of days you may keep the loan. The scope of mutual agreement is open between you and your Indiana payday loans lender.

Indiana Payday Loans: Laws & Regulations

Indiana payday loans rollovers are prohibited. Rolling over means paying the fees again without paying the loan amount. The law is then borrower friendly. as rollovers are for short-term relief but charge you sometimes double your loan amount via interest rates and your original debt remains unpaid. The lenders are not allowed to take criminal action against you unless and until your checking account was closed keeping the loan amount unpaid. In addition to this, the state allows the lender to charge from you $20 towards NSF in the event of insufficiency of funds in your account at the due date.

indiana payday loans

You cannot have more than one outstanding loan with one Indiana payday loans lender and in no case the outstanding Indiana payday loans should be more than two. The cooling off period is 7 days after 6 consecutive loans. The cash advance lenders in Indiana should be licensed and it’s the duty of the Department of Financial Institutions to check whether a particular company is entitled to carry on cash advance business. Failure to get the Indiana payday loans license renewed may lead to revocation. This is a situation unique to this state.

A 1 Cash Advance

This Indiana payday loans provider offers fast check cashing and cash advance services. They claim to be most confidential and very easy and fast in their services. They claim to provide cash to their customers with honesty and integrity. They have been serving for the last 14 years. All you have to do is fill out an easy online application form. Provide them with basic information about yourself. This includes a checking account, start issued photo ID, income proof, etc. You can also visit their local branch closest to you. Give them a call at 317-243-9300 or visit them at


This Indiana payday loans company is originally a franchise of Cash America. They deal in wide arrangement of services from Indiana payday loans to pawn shops. They initially started as family business providing pawn facilities but soon grew in to a big concern providing money to their customer’s many financial needs. They have been serving since 1984. They buy gold as well. They have a big list of subsidiary companies which provide payday loan facilities. Their payday loan facilities are not limited to online application only. You may either fill an easy online application form and get cash deposited to your account or visit their local branch. Give them a call at 317-472-4915 or visit their website at


This Indiana payday loans lender offers a wide variety of services such as small loans, check cashing, Western Union services, money transfers, money orders, bill payment services, prepaid visa etc. They claim to be proud of being fast, friendly and trustworthy. They also say that their staff will be friendly and professional. They have been providing services for more than two decades. If interested in making use of their services just fill out an easy online application or visit their local branch personally at Indianapolis. Provide the lender with basic information about you which they ask. Give them a call at 317-782-4400 or visit their website at

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