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States Indiana Payday Loans

Payday Loans in Indiana

Page last reviewed: October 28, 2026 · Reviewed for accuracy by Peter Kizza

Payday loans are legal in Indiana, where the law calls them small loans. A licensed lender can lend you up to $825, or 20% of your gross monthly income if that's less, for a fee of no more than 15% of the first $250 and less above that.

Check Your Options
Borrow Up to $825, capped at 20% of your gross monthly income
Fee cap 15% of the first $250, 13% up to $400, 10% up to $825
Example $825 for 14 days: $924.50 due at the maximum, ~314% APR
Can't repay A free extended payment plan from your third loan in a row
You need ID, proof of income, a bank account and fewer than two loans open
See the Fee at Each Amount Can't Repay? See the Plan

LendUp isn't a lender. We pass your request to lenders in our network; offers aren't guaranteed, and we may earn compensation if a loan is funded.

Indiana's Fee Cap at $100, $300, $500 and $825

First $250
15%
up to $37.50
$250 to $400
13%
up to $19.50
$400 to $825
10%
up to $42.50
Most on $825
$99.50
the full fee on the largest loan
LoanMax feeYou repayAPR
$100$15.00$115.00~391%
$200$30.00$230.00~391%
$300$44.00$344.00~382%
$500$67.00$567.00~349%
$825$99.50$924.50~314%

Worked out from Indiana law, not offers from lenders in our network; a lender can charge less.

Apart from one $25 charge for a returned payment, no other fee is allowed, and the lender can't charge you to cash its loan check. You can pay part of the loan early, in any amount, at no charge.

No Renewals in Indiana: The Free Extended Payment Plan

An Indiana lender can't renew your loan or pay it off with a new one. If you keep borrowing to cover the last loan, you can ask for a payment plan instead.

  • A loan counts as back-to-back if you take it within seven days of paying off the last one. Your third, fourth or fifth in a row qualifies.
  • Ask for the plan any time during that loan, once the cancellation window has passed and as long as you aren't in default.
  • The plan adds no fees, and the lender can't discourage you from choosing it.
  • Until the plan is paid in full, no lender can give you another payday loan.

Two Loans at Most, and a 7-Day Break After Six

  • One lender can have only one payday loan out to you at a time.
  • No lender can make you a new payday loan if you already have two, from any lenders.
  • Every loan goes into a statewide database, so lenders can see what you already owe.
  • After six loans in a row with one lender, you have to wait seven days before that lender can lend to you again.

Need more than $825, or monthly payments? A consumer installment loan can be larger and is repaid over months. See Indiana installment loan rules.

Request an Indiana Payday Loan in Three Steps

  1. Check your limit: no more than $825 or 20% of your gross monthly income, and fewer than two payday loans already open.
  2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
  3. Make sure the due date is at least 14 days away. Changed your mind? Repay the amount you received by the close of business on the lender's next business day.
Check Your Options

Is the Lender Licensed? Searching DFI's Small Loan List

Official lookup tool DFI Find a License
  1. Search by the lender's legal name, as it appears on the website or agreement.
  2. Look for an active small loan license. These are filed directly with DFI, not through NMLS.
  3. Match the name and address on the license to the lender you're using.

Can't find it? Call DFI at (800) 382-4880 before you apply. DFI examines online lenders too, and it can cut a small loan's finance charge to 36% when the lender breaks the rules.

  • No criminal threats. A lender can't threaten or bring criminal charges if your check or debit bounces.
  • One $25 fee for a bounced payment. It can be charged only once, however many times the lender tries.
  • Your PIN stays yours. The lender can take only one check or debit authorization as security, and no other property.

Common Questions

Are payday loans legal in Indiana?

Yes. Indiana calls them small loans, and lenders licensed by the Department of Financial Institutions can lend up to $825 for at least 14 days.

How many payday loans can I get in Indiana?

Two at most, and only one from each lender. A statewide database tracks every loan, so a third lender can't lend to you while two are open.

How much does a $500 payday loan cost in Indiana?

At most $67.00: 15% of the first $250, 13% of the next $150 and 10% of the last $100. You'd repay $567.00, about 349% APR over 14 days.

Can I get a payday loan online in Indiana?

You can send a request online through LendUp. Whoever makes the loan needs an Indiana small loan license, and DFI examines online lenders as well as stores.

What if I can't repay my Indiana payday loan?

Renewals aren't allowed. From your third loan in a row, you can ask for an extended payment plan with no extra fees. If a payment bounces, the lender can charge $25 once and can't threaten criminal charges.

Did Indiana's payday law change in 2026?

Only its numbering. On July 1, 2026, the small loan rules moved from IC 24-4.5 to IC 37, with the same limits. The $825 cap and fee tiers have applied since January 1, 2025.

Official Sources

General information, not legal advice. Facts on this page were checked against these sources on October 28, 2026.

← Indiana loan rules