Payday Loans in Brownsville, Indiana

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No payday loan companies in Brownsville, IN. Consider companies in other cities:

Company nameAddressZip codePhone number
Pawn It Inc 2126 N 6th St, Vincennes, IN 47591 +1 (812) 882 - 8000
Huntington Bank 7717 East U. S. Highway 36, Avon, IN 46123 +1 (317) 272 - 2511
Alliance Bank 101 W Montgomery St, Francesville, IN 47946 +1 (888) 567 - 2101
First Financial Bank 1012 S Adams St, Versailles, IN 47042 +1 (812) 689 - 5022
Huntington Bank 2600 East Conner Street, Noblesville, IN 46060 +1 (317) 773 - 7016
Heritage Federal Credit Union 331 E Boonville-New Harmony Rd, Evansville, IN 47725 +1 (812) 253 - 6928
Raymond James Financial Services 5401 Vogel Rd 360, Evansville, IN 47715 +1 (812) 401 - 0855
Ed Weber Senior Mortgage Banker 8585 Broadway Suite 600, Merrillville, IN 46410 +1 (219) 313 - 0111
Chase Bank 1881 Old Hwy 135, Corydon, IN 47112 +1 (812) 738 - 3032
Flagstar Bank 245 N Morton St, Shipshewana, IN 46565 +1 (260) 768 - 4191

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brownsville, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Kokomo, IN, Quick Loan in Lafayette, IN, Short-term Loans in Merrillville, IN, Online Loans in Michigan City, IN, Payday Loans in Mishawaka, IN, Payday Loans in Muncie, IN, Emergency Loan in New Albany, IN and Payday Loan Companies in Noblesville, IN. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Brownsville, IN.

Payday Loans Available in Brownsville, IN By The Following ZIP Codes:

47325

Are Payday Loans Legal In Brownsville, Indiana?

Loan Rates and Fees, Laws and Regulations in Indiana.

Indiana Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)382
Maximum Loan Amount$550
Minimum Loan Term14 days
Maximum Loan TermNot Specified
Number of Rollovers Allowed0
Finance Charges<$250 = 15% $250 - $400 = 13% $400 - $500 = 10%

Brownsville, IN payday loan calculator

Payday Loans in Brownsville, Indiana: Everything You Need to Know

If you’re short on cash and need to pay the bills, you may be considering a payday loan. Payday loans are a short-term borrowing option where you borrow money against your next paycheck. They’re a quick and easy way to get cash when you need it, but they come at a cost. In Brownsville, Indiana, payday loans are legal, but there are some regulations you should know about before you apply.

What are Payday Loans?

Payday loans, also known as cash advances, are short-term loans that are intended to cover unexpected expenses. They’re typically for small amounts, ranging from $100 to $1000, and are due to be repaid when you receive your next paycheck. Payday loans are designed to be a quick solution to unexpected expenses, such as a car repair or medical bill, but they often come with high interest rates and fees.

How do Payday Loans Work in Brownsville, Indiana?

In Indiana, payday lending is legal, but there are regulations in place to protect borrowers. Lenders are required to be licensed by the Indiana Department of Financial Institutions and are limited to charging 15% interest on loans up to $250, 13% on loans between $251 and $400, and 10% on loans between $401 and $500. For loans over $500, the interest rate is capped at 6%. The maximum loan amount for payday loans in Indiana is $550, and the maximum loan term is 31 days.

When you apply for a payday loan in Brownsville, Indiana, you’ll need to provide proof of income and a valid ID. You’ll also need to provide a post-dated check or authorize the lender to withdraw the loan amount plus fees from your bank account on the due date.

The Pros and Cons of Payday Loans

While payday loans can be a quick solution to unexpected expenses, they come with some significant drawbacks. Here are some pros and cons to consider before you apply:

Pros:

  • Quick and easy application process
  • No credit check required
  • Cash can be deposited into your account as soon as the next business day

Cons:

  • High interest rates and fees
  • Short repayment period can lead to a cycle of debt
  • May not be a long-term solution to financial problems

Interesting Facts and Statistics about Payday Loans in Brownsville, Indiana

Did you know that the average payday loan borrower in Indiana takes out 10 loans per year? Or that the average loan amount is $332? Here are some other interesting facts and statistics about payday loans in Indiana:

  • Indiana has some of the weakest payday lending regulations in the country.
  • The average APR for a payday loan in Indiana is 382%.
  • In 2019, Indiana payday lenders reported $70 million in loan volume.

Apply Now

If you’re considering a payday loan in Brownsville, Indiana, TheGuaranteedLoans can help. We’re a connector service that can connect you with potential lenders who may be able to offer you a loan. Remember, we’re not a direct lender, so we won’t be lending you any money ourselves. Instead, we’ll facilitate the connection between you and potential lenders. To get started, fill out our online application form today.

In conclusion, while payday loans can be a quick and easy way to get cash when you need it, they come with some significant drawbacks. Before you apply for a payday loan in Brownsville, Indiana, do your research and make sure you understand the regulations and fees associated with these loans. If you decide to apply, make sure you have a plan for paying back the loan on time to avoid getting caught in a cycle of debt.

F.A.Q.

What should I do if I am having trouble repaying my payday loan in Brownsville, Indiana?

If you are having trouble repaying your payday loan in Brownsville, Indiana, it is important to communicate with the lender and try to work out a repayment plan. You may also want to seek advice from a financial counselor or legal professional.

Are there any alternatives to payday loans in Brownsville, Indiana?

Yes, there are several alternatives to payday loans in Brownsville, Indiana, including credit unions, community banks, and online lending platforms. These options may offer lower interest rates and more flexible repayment terms.