Payday Loans in Mexico, Indiana

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

Company nameAddressZip codePhone number
1st Source Bank 809 Wayne St, Middlebury, IN 46540 +1 (574) 825 - 4400
Business & Industrial FCU 2118 Lanier Dr, Madison, IN 47250 +1 (812) 273 - 4044
Financial Health Federal Credit Union 2401 E 10th St, Indianapolis, IN 46201 +1 (317) 559 - 7272
Beacon Credit Union Admin Office 586 S Wabash St, Wabash, IN 46992 +1 (260) 563 - 7443
Centier Bank 537 N Oak Dr, Plymouth, IN 46563 +1 (574) 936 - 1970
A-1 Cash Advance 1619 E Michigan Rd, Shelbyville, IN 46176 +1 (317) 401 - 6999
3Rivers New Haven 10915 Isabelle Dr, New Haven, IN 46774 +1 (260) 493 - 6200
Lake City Bank 862 E Jefferson St, Plymouth, IN 46563 +1 (574) 935 - 4200
The Farmers Bank - ATM 1951 E Wabash St, Frankfort, IN 46041
Communitywide Federal Credit Union 1420 W Jefferson St, Plymouth, IN 46563 +1 (574) 935 - 3800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mexico, IN, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Gary, IN, Payday Loan for Goshen, IN, 24-Hour Loan in Granger, IN, No Credit Check Loans in Greenwood, IN, No Credit Check Loans in Guilford, IN, Payday Loans in Hammond, IN, Payday Loans in Indianapolis, IN and Payday Loans in Jeffersonville, 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 Mexico, IN.

Beautiful sights of Mexico, IN

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

46958

Are Payday Loans Legal In Mexico, 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%

Mexico, IN payday loan calculator

Understanding Payday Loans in Mexico, Indiana

Payday loans are a type of short-term loan that has become increasingly popular in the United States. This type of loan is designed to provide individuals with quick access to cash, which they can use to cover unexpected expenses or emergencies.

What are Payday Loans?

Payday loans are small-dollar loans that are typically due on the borrower’s next payday. These loans are available from various lenders in Mexico, Indiana and can range from $50 to $1,000. The loan term is usually two weeks, but it can be longer or shorter, depending on the lender’s policies.

Borrowers are usually required to show proof of income and a valid ID to qualify for a payday loan. Some lenders require applicants to have an active checking account, while others may accept other forms of payment, such as a prepaid debit card.

How Do Payday Loans Work?

The process of getting a payday loan in Mexico, Indiana is relatively simple. First, the borrower must complete an application form. In most cases, the application process can be completed online, making it convenient for the borrower. Once the borrower submits the application, the lender will review it and make a decision whether to approve the loan or not. If the loan is approved, the funds will be deposited into the borrower’s bank account or given to them in cash.

The borrower then agrees to repay the loan plus fees and interest by their next payday. If the borrower is unable to pay the loan on time, they can request an extension, but this will typically result in additional fees and interest.

What are the Benefits and Risks of Payday Loans?

Payday loans offer some benefits, such as quick access to cash and no credit check required. However, payday loans can also be risky. The fees and interest rates associated with these loans are typically high, and borrowers can end up paying more in fees and interest than the amount of the loan.

Furthermore, if the borrower is unable to repay the loan on time, they may be subject to additional fees and interest, which can quickly add up. This can lead to a cycle of debt, where the borrower is constantly taking out new loans to pay off old ones.

Interesting Facts and Statistics about Payday Loans in Mexico, Indiana

  • In Indiana, payday loans are legal but are subject to certain regulations to protect borrowers.
  • According to the Indiana Department of Financial Institutions, the average APR for payday loans in Indiana is 391%.
  • As of 2019, there were 717 licensed payday lenders in Indiana, with 29 in Mexico.

Apply Now

If you need quick access to cash to cover an unexpected expense or emergency, TheGuaranteedLoans can help you connect with potential lenders in Mexico, Indiana. We are a connector service, not a direct lender, and we can help you find a lender that meets your needs. Simply complete our online application form, and we will match you with potential lenders. Apply now to get started!

F.A.Q.

Can I still qualify for a payday loan if I have bad credit?

Yes, payday loans do not require a credit check, so borrowers with bad credit can still qualify for a payday loan in Mexico, Indiana.

How do I repay my payday loan in Mexico, Indiana?

in Mexico, Indiana, payday loans must be repaid in full on the due date, which is typically the borrower's next payday. The lender will automatically withdraw the loan amount and fees from the borrower's checking account on the due date.