Payday Loans in Poneto, Indiana

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

Company nameAddressZip codePhone number
Raymond James Financial Services 1850 Marketplace Blvd, Shelbyville, IN 46176 +1 (317) 392 - 7461
Tri-County Bank & Trust 203 East Pat Rady Way, Bainbridge, IN 46105 +1 (765) 522 - 6216
Fortress Federal Credit Union 615 N Western Ave, Marion, IN 46952 +1 (765) 668 - 3313
First Financial Bank 106 N Market St, North Manchester, IN 46962 +1 (260) 982 - 3000
Check n Go 3620 IN-38 E, Lafayette, IN 47905 +1 (765) 449 - 8383
Instant Bad Credit Loans 1905 W Main St, Fort Wayne, IN 46808 +1 (260) 305 - 4002
Genfed Financial Credit Union 709 E State St 44, Shelbyville, IN 46176 +1 (317) 392 - 6230
Allied Cash Advance 3152 S Western Ave, Marion, IN 46953 +1 (765) 664 - 8853
German American Bank 231 W Broadway St, Princeton, IN 47670 +1 (812) 386 - 1174
First Financial Bank 120 E Ohio St, Rockville, IN 47872 +1 (765) 569 - 3442

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Poneto, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Gary, IN, Payday Loans in Goshen, IN, Guaranteed Loans in Granger, IN, Bad Credit Loans in Greenwood, IN, Payday Loans in Guilford, IN, Payday Loans in Hammond, IN, No Credit Check 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 Poneto, IN.

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

46781

Are Payday Loans Legal In Poneto, 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%

Poneto, IN payday loan calculator

Understanding Payday Loans in Poneto, Indiana

Payday loans, also known as cash advances, are short-term loans that can provide quick cash to those who need it. In Poneto, Indiana, payday loans are a popular option for those who are in need of emergency funds. In this article, we will explore the basics of payday loans in Poneto, Indiana, what they are, how they work, the benefits and risks, and what to consider before applying for a payday loan.

What are payday loans?

Payday loans are typically small, short-term loans, usually ranging from $100 to $1,000. These loans usually have a term of two weeks to a month, depending on the borrower’s pay schedule. The loan amount is usually based on the borrower’s income and credit history, and the funds are typically deposited directly into the borrower’s bank account.

How do payday loans work?

Payday loans are typically designed for emergency situations when a borrower needs cash quickly. The application process is quick and easy, and the funds are usually available within a day or two. To apply for a payday loan in Poneto, Indiana, borrowers must provide proof of income and a checking account. Some lenders may require additional documentation, such as a driver’s license or a utility bill.

When the borrower receives their next paycheck, the loan is due in full, along with any fees and interest. If the borrower is unable to repay the loan, the lender may offer to extend the loan for an additional fee. This can lead to a cycle of debt, as the borrower may continue to roll over the loan, incurring additional fees and interest, and potentially damaging their credit score.

Benefits and risks of payday loans

Payday loans can be an attractive option for those who need cash quickly, as they are typically easy to obtain and require minimal documentation. They can also be useful for those with poor credit, as payday lenders typically do not perform credit checks. However, payday loans come with a number of risks, including high fees and interest rates, which can result in a cycle of debt if not repaid on time.

It is important to carefully consider the risks before taking out a payday loan, and to exhaust other options, such as borrowing from family or friends, or seeking assistance from community organizations.

What to consider before applying for a payday loan

Before applying for a payday loan in Poneto, Indiana, it is important to consider the following:

  • The total cost of the loan, including fees and interest.
  • The terms of the loan, including the repayment schedule and any penalties for late payments.
  • Alternative options for obtaining funds, such as borrowing from family or friends, or seeking assistance from community organizations.
  • The potential impact on your credit score if you are unable to repay the loan.

Interesting facts and statistics about payday loans in Poneto, Indiana

  • As of 2021, payday loans are legal in Indiana under the Indiana Code 24-4-4.5-7.
  • According to a study by the Consumer Financial Protection Bureau, the average payday loan borrower in Indiana takes out 10 loans per year, with an average loan amount of $350.
  • The same study found that over 75% of payday loan fees in Indiana came from borrowers who took out 7 or more loans per year.

Apply Now

If you are considering a payday loan in Poneto, Indiana, TheGuaranteedLoans can connect you with potential lenders who can offer you the cash you need. Simply fill out our online application form, and we will match you with lenders who can provide you with the funds you need. Please note that TheGuaranteedLoans is a connector service, not a direct lender, and that we will facilitate your connection with potential lenders.

Apply now and get the funds you need to cover your emergency expenses!

F.A.Q.

What are the requirements for obtaining a payday loan in Poneto, Indiana?

in Poneto, Indiana, borrowers must be at least 18 years old, have a valid government-issued ID, and provide proof of income and a valid checking account in order to obtain a payday loan.

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 Poneto, Indiana.