Payday Loans in Tunnelton, Indiana

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

Company nameAddressZip codePhone number
Vigo County FCU 128 S 8th St, Terre Haute, IN 47807 +1 (812) 232 - 9697
Check Into Cash 4943 S Emerson Ave, Indianapolis, IN 46203 +1 (317) 783 - 3516
Napoleon State Bank 1221 Westridge Pkwy, Greensburg, IN 47240 +1 (812) 663 - 1903
Elaman Michael O 1146 21st St, Tell City, IN 47586 +1 (812) 547 - 7096
Citizens State Bank 200 W Oak St, Union City, IN 47390 +1 (765) 964 - 4808
Raymond James Financial Services 1263 IN-135, Greenwood, IN 46142 +1 (317) 882 - 5277
Check n Go 6097 US-6 Ste B, Portage, IN 46368 +1 (219) 762 - 5522
1st Source Bank 221 S Main St, Kouts, IN 46347 +1 (219) 766 - 2626
A&M Mortgage Group: Larry Penilla 8585 Broadway 600, Merrillville, IN 46410 +1 (219) 765 - 1630
Stock Yards Bank & Trust 275 US-31, Austin, IN 47102 +1 (812) 794 - 2191

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tunnelton, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Anderson, IN, Payday Loans in Bloomington, IN, Payday Loan Without a Credit Check in Carmel, IN, Same Day Loans in Columbus, IN, Same Day Loans in Elkhart, IN, Guaranteed Loans in Evansville, IN, No Credit Check Loans in Fishers, IN and No Credit Check Loans in Fort Wayne, 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 Tunnelton, IN.

Are Payday Loans Legal In Tunnelton, 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%

Tunnelton, IN payday loan calculator

Payday Loans in Tunnelton, Indiana: What You Should Know

If you’re living in Tunnelton, Indiana, and you’re in need of quick cash to meet your urgent financial needs, payday loans may be a viable option for you. Payday loans are small-term, high-cost loans that can help you bridge the gap between paydays and cover unexpected expenses.

While payday loans can be a helpful financial tool, it’s essential to understand the details of the loan terms before you sign up. It’s also vital to borrow from a reliable lender to avoid getting yourself into a cycle of debt. This article will guide you through everything you should know about payday loans in Tunnelton, Indiana, including the legal regulations, loan requirements, and lender options.

Are Payday Loans Legal in Indiana?

Yes, payday lenders operate legally in Indiana, but the state does have strict regulations to protect borrowers from predatory lending. Under the Indiana House Enrolled Act, payday loans must be repaid within 14 days, and the finance charges cannot exceed 15% of the loan amount. Borrowers are also restricted from taking out more than two loans at a time. Additionally, lenders are required by law to disclose the loan fees and APR upfront.

Loan Requirements

While payday loans are designed to be accessible to borrowers with poor credit, lenders still have minimum requirements that must be met before they approve the loan. The essential requirements include:

  • Being at least 18 years of age or older
  • Having a valid ID or Social Security Number
  • Having an active checking account
  • Evidence of steady income

The lender will also carry out a soft credit inquiry to determine your borrowing capacity and evaluate your bank statements to ensure you can repay the loan. If you meet the requirements and agree to the charges, you’ll sign a contract outlining the loan amount and the repayment schedule. The loan is due on your next payday or within a maximum of 14 days in Indiana.

Lender Options

There are several payday lending options available in Tunnelton, Indiana, but it’s vital to choose a lender with a reputation for transparency and fair lending practices. Some of the most common lenders include:

  • CashNetUSA
  • Check Into Cash
  • Check ‘n Go
  • Cash America Pawn
  • Advance America

TheGuaranteedLoans also offers an online platform to connect borrowers with qualified lenders. Although we’re not a direct lender, we work with reputable lending partners who can provide you with the best loan options that meet your specific needs.

Interesting Facts and Statistics

According to the Indiana Department of Financial Institutions, the average APR for payday loans in Indiana is approximately 382%. The department also reported that Indiana residents borrowed over $307 million in payday loans in 2019. The average loan amount was $373, and the average finance charge was $55.

Apply Now

If you’re considering a payday loan to meet your expenses, you can start by filling out an online application on our website. TheGuaranteedLoans is a connector service that can help you connect with potential lenders who are ready to provide you with the financial assistance you need. We provide a transparent, streamlined process that puts you in control of your borrowing decisions.

Remember, payday loans should be used responsibly and paid back on time to avoid harming your credit score or getting into a cycle of debt. Before you sign any contract, be sure to read the terms and conditions carefully and understand the charges you’ll be liable for. With the right lender and responsible borrowing behavior, payday loans can be a helpful, short-term financial solution to your unexpected expenses.

F.A.Q.

What are the consumer protections for payday loan borrowers in Tunnelton, Indiana?

Indiana has several consumer protections in place for payday loan borrowers, including a limit on the number of loans that can be taken out at one time, a maximum loan amount of $500, and a requirement for lenders to provide clear and concise disclosure of all fees and terms. Borrowers also have the right to dispute any charges or fees that they believe are unfair or inaccurate.

How much can I borrow with a payday loan in Tunnelton, Indiana?

The maximum amount that can be borrowed with a payday loan in Tunnelton, Indiana is $550.