Payday Loans in Friendship, Indiana

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

Company nameAddressZip codePhone number
Farm Credit Mid-America 1940 Hospitality Drive, Jasper, IN 47546 +1 (812) 482 - 5417
Eagle Finance 305 E Lewis and Clark Pkwy #219, Clarksville, IN 47129 +1 (812) 258 - 9700
PNC Bank 5 S Miami St, Peru, IN 46970 +1 (765) 473 - 5516
Chase Bank 309 Sagamore Pkwy W, West Lafayette, IN 47906 +1 (765) 423 - 0428
Woodforest National Bank 100 Sycamore Estate Dr, Aurora, IN 47001 +1 (812) 926 - 3159
Crossroads Bank 500 S Huntington St, Syracuse, IN 46567 +1 (574) 457 - 4411
Chase Bank 308 S Division St, Bristol, IN 46507 +1 (574) 524 - 3820
Local 697 Federal Credit Union 7200 Mississippi St 400, Merrillville, IN 46410 +1 (219) 845 - 6040
Lake City Bank 1600 IN-331, Bremen, IN 46506 +1 (574) 546 - 5900
Demotte State Bank 1615 E Commercial Ave, Lowell, IN 46356 +1 (219) 696 - 8716

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Friendship, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Kokomo, IN, Payday Loans in Lafayette, IN, Payday Loans in Merrillville, IN, Payday Loans in Michigan City, IN, Guaranteed Loans in Mishawaka, IN, Online Loans in Muncie, IN, Payday Loans in New Albany, IN and Payday Loans 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 Friendship, IN.

Are Payday Loans Legal In Friendship, 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%

Friendship, IN payday loan calculator

Payday Loans in Friendship, Indiana – What You Need to Know

When you’re struggling to make ends meet, sometimes a payday loan can seem like a lifeline. But before you take out a payday loan in Friendship, Indiana, it’s important to understand the costs involved and the risks that come with it. In this article, we’ll cover everything you need to know about payday loans in Friendship, Indiana.

What Are Payday Loans?

Payday loans are short-term loans that are designed to be repaid within a few weeks, usually on your next payday. They’re typically available in small amounts, ranging from $100 to $1,000, and are meant to be a quick source of cash for those who need it.

Are Payday Loans Legal in Indiana?

Yes, payday loans are legal in Indiana, but there are some restrictions in place to protect consumers. For example, lenders can only charge up to 15% on the first $250 of the loan, and then 13% on the remaining amount. In addition, the loan term cannot exceed 31 days, and borrowers are only allowed to take out one loan at a time.

The Risks of Payday Loans

While payday loans can be a convenient source of cash in a pinch, they come with significant risks that borrowers need to be aware of. One of the biggest risks is the high cost of borrowing. Because payday loans are designed to be repaid quickly, the interest rates and fees can be extremely high. In Indiana, for example, lenders can charge up to 391% APR on a payday loan.

Another risk is the cycle of debt that payday loans can create. If you’re unable to repay the loan on time, you may be tempted to take out another loan to cover the first one. This can quickly lead to a cycle of debt that’s difficult to escape from. In fact, a study by the Consumer Financial Protection Bureau found that nearly 80% of payday loans are rolled over or followed by another loan within 14 days.

How to Apply for a Payday Loan in Friendship, Indiana

If you decide that a payday loan is the right choice for you, it’s important to choose a reputable lender. At TheGuaranteedLoans, we work with a network of trusted lenders who can provide you with a loan that fits your needs.

To apply for a payday loan in Friendship, Indiana, simply fill out our online application form. We’ll process your application quickly and connect you with potential lenders who may be able to provide you with a loan. Remember, we’re a connector service, not a direct lender, so you’ll never have to worry about hidden fees or charges.

Interesting Facts About Payday Loans in Friendship, Indiana

  • According to a report by the Indiana Department of Financial Institutions, there were 1.2 million payday loans issued in Indiana in 2020.
  • Indiana has one of the highest average payday loan APRs in the country, at 397%.
  • The average payday loan borrower in Indiana takes out nine loans per year.

Conclusion

While payday loans can be a tempting option when you’re in need of cash, they come with significant risk. If you’re considering a payday loan in Friendship, Indiana, it’s important to understand the costs involved and the potential consequences of taking out such a loan. At TheGuaranteedLoans, we’re committed to providing our customers with trusted, transparent service, and helping them make the best financial decisions for their needs.

Apply Now

If you’re interested in a payday loan in Friendship, Indiana, TheGuaranteedLoans can help. Simply fill out our online application form, and we’ll connect you with potential lenders who may be able to provide you with a loan. Remember, we are a connector service, not a direct lender, and we never charge hidden fees or charges. Apply now and get the cash you need today!

F.A.Q.

Are there any restrictions on how payday lenders in Friendship, Indiana advertise their services?

Yes, Indiana state law has several restrictions on how payday lenders can advertise their services, including prohibitions on using false or misleading information, targeting vulnerable populations, and using aggressive or harassing sales tactics. Lenders must also clearly disclose all fees and terms of the loan in their advertising.

What are the maximum loan amounts and fees for payday loans in Friendship, Indiana?

in Friendship, Indiana, the maximum loan amount for a payday loan is $550, with a maximum fee of 15% of the loan amount.