Payday Loans in Preble, Indiana

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

Company nameAddressZip codePhone number
Old National Bank 324 E Hospital Rd, Paoli, IN 47454 +1 (812) 723 - 7200
Raymond James Financial Services 1904 E Old Rd 30, Warsaw, IN 46582 +1 (574) 267 - 3004
Merrill Lynch Wealth Management 250 Main St Suite 460, Lafayette, IN 47901 +1 (765) 423 - 2489
Capital Plus Credit Union 616 Buckeye St, North Vernon, IN 47265 +1 (812) 346 - 5533
Galen Krumme - Raymond James 311 N Ewing St, Seymour, IN 47274 +1 (812) 519 - 1500
Check Into Cash 45 Pine Lake Ave, La Porte, IN 46350 +1 (219) 324 - 2239
Advance America 1717 South State Road 57, Ste. K, Washington, IN 47501 +1 (812) 257 - 0837
Advance America 220 W Ridge Rd, Griffith, IN 46319 +1 (219) 838 - 3726
Check Into Cash 2514 Central Ave, Columbus, IN 47201 +1 (812) 375 - 1283
New York Life 2550 Kent Ave 1, West Lafayette, IN 47906 +1 (765) 497 - 3727

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Preble, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Kokomo, IN, Payday Loan for Lafayette, IN, Payday Loans in Merrillville, IN, Payday Loans in Michigan City, IN, Payday Loans in Mishawaka, IN, Payday 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 Preble, IN.

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

46782

Are Payday Loans Legal In Preble, 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%

Preble, IN payday loan calculator

Payday Loans in Preble, Indiana

Preble, a small town in Indiana, is no different from other towns in America when it comes to financial struggles. Unexpected bills, car repairs, medical expenses, and other emergencies can quickly drain one’s wallet, leaving one feeling helpless. This is where payday loans can come in handy – a short-term loan with a reasonable interest rate can provide a quick fix when one is in need. However, it’s crucial to understand the laws governing payday loans in Indiana, including Preble, and what options are available to you.

How Do Payday Loans Work in Preble?

Payday loans are a type of short-term loan that typically lasts for two weeks, and borrowers are expected to pay back the money on their next payday. In Preble, one can borrow between $50 and $550, and lenders usually charge $15 for every $100 borrowed. If one cannot repay the loan on time, they can roll it over for an additional fee. However, Indiana law stipulates that payday loans cannot exceed 20% of one’s gross monthly income, and lenders are prohibited from charging more than 15% interest on loans over $250.

Eligibility for Payday Loans in Preble

To qualify for a payday loan in Preble, Indiana, one needs to meet several requirements. Firstly, one must be at least 18 years old and a U.S citizen or legal resident. Secondly, one must have a regular source of income, which can be verified. Thirdly, one must have an active checking account. Lastly, one must not be in bankruptcy or have outstanding loans.

The Pros and Cons of Payday Loans

While payday loans can be a quick fix for financial emergencies, they also come with several drawbacks. Here are some of the pros and cons of payday loans:

  • Pros
  • They are readily available, and the application process is fast and straightforward.
  • One can use the money for any purpose.
  • Bad credit doesn’t necessarily disqualify one from getting a loan.
  • Cons
  • They have high-interest rates that can quickly add up, making them expensive.
  • They can be addictive, and borrowers can end up in a debt trap if they continuously roll over the loan.
  • The loans can be predatory and target low-income people.

Interesting Facts about Payday Loans in Preble

  • In 2019, the payday lending industry in Indiana made over $800 million in profits.
  • The average interest rate for payday loans in Indiana is around 391%.
  • Indiana has the highest rate of people who have taken out payday loans, with 44% using them to pay for daily expenses like rent and groceries.

Apply Now

If you need a payday loan in Preble, Indiana, TheGuaranteedLoans can help you connect with potential lenders quickly and easily. However, it’s important to note that we are not a direct lender and only facilitate the connection between borrowers and lenders. Our straightforward online application process makes it easy to apply for a payday loan. Just fill out the form, and we will do the rest. Don’t let financial emergencies get in the way of your peace of mind – apply for a payday loan today!

F.A.Q.

What happens if I am unable to repay my payday loan in Preble, Indiana?

If you are unable to repay your payday loan in Preble, Indiana, the lender may pursue legal action to recover the funds. It is important to communicate with the lender and work out a repayment plan if you are unable to make the full payment on time.

Are there any restrictions on how many payday loans I can take out in Preble, Indiana?

Yes, Indiana state law prohibits borrowers from having more than two outstanding payday loans at any given time.