Payday Loans in Borden, Indiana

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

Company nameAddressZip codePhone number
First Financial Bank 1775 East, IN-163, Clinton, IN 47842 +1 (765) 832 - 5546
Easy Cash Pawn 1380 Old Hwy 135, Corydon, IN 47112 +1 (800) 329 - 5479
Poe & Associates Inc 3190 Willowcreek Rd A, Portage, IN 46368 +1 (219) 763 - 1578
Cashland 154 N Morton St, Franklin, IN 46131 +1 (317) 346 - 0468
Indiana Members Credit Union 1619 E 38th St, Marion, IN 46953 +1 (765) 674 - 3348
Hoosier Hills Credit Union 960 N Gospel St, Paoli, IN 47454 +1 (812) 723 - 4700
German American Bank 209 3rd Ave, Jasper, IN 47546 +1 (812) 482 - 1314
Heights Finance Corporation 1815 W 45th St, Griffith, IN 46319 +1 (219) 924 - 1677
Old National Bank 327 E 4th St, Huntingburg, IN 47542 +1 (812) 683 - 6700
German American Bank 101 N 3rd St, Vincennes, IN 47591 +1 (812) 882 - 4528

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Borden, 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 Gary, IN, Guaranteed Loans in Goshen, IN, Guaranteed Loans in Granger, IN, Emergency Loan in Greenwood, IN, Short-term 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 Borden, IN.

Beautiful sights of Borden, IN

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

47106

Are Payday Loans Legal In Borden, 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%

Borden, IN payday loan calculator

Payday Loans in Borden, Indiana – Understanding the Basics

If you’re facing a sudden financial emergency in Borden, Indiana, a payday loan could provide a solution. Payday loans are short-term loans designed to tide you over until your next paycheck arrives. In Indiana, they are legal and regulated by state law. In this article, we’ll explore everything you need to know about payday loans in Borden, Indiana.

How do Payday Loans Work in Indiana?

Payday loans in Indiana are designed to be easy and convenient for borrowers. Typically, you’ll need to show proof of income and identification to apply for a loan. If approved, the loan amount will be transferred to your bank account the same day or the next business day.

The loan term is usually between 14 and 30 days, depending on your payday schedule. On the due date, the lender will automatically deduct the loan amount plus fees from your bank account. If you’re unable to repay the loan on time, you may be charged additional fees and interest.

Interest Rates and Fees

The maximum amount you can borrow in Indiana is $550, and the maximum term is 31 days. The interest rate is capped at 15% for the first $250, 13% for the amount between $251 and $400, and 10% for amounts between $401 and $550.

In addition to interest, payday lenders may charge additional fees, such as:

  • Finance charges
  • Application fees
  • Non-sufficient funds (NSF) fees

It’s important to read the loan agreement carefully and understand all fees and charges associated with the loan.

Benefits and Risks of Payday Loans in Borden, Indiana

Like any financial product, payday loans come with both benefits and risks. Some benefits of payday loans include:

  • Easy and convenient application process
  • Fast funding, often within 24 hours
  • No credit check required
  • Credit score is not a determining factor for approval

However, there are also several risks to consider before taking out a payday loan:

  • High-interest rates and fees
  • Short repayment terms
  • Risk of falling into a debt trap
  • Potential for negative impact on credit score

It’s important to weigh these factors carefully before applying for a payday loan in Borden, Indiana.

Interesting Facts and Statistics about Payday Loans in Borden, Indiana

Did you know that the average payday loan amount in Indiana is $382? Or that the average APR for payday loans in Indiana is 391%? Here are some other interesting facts and statistics about payday loans in Borden and Indiana as a whole:

  • The majority of payday loan borrowers are women aged 25-54
  • Over 60% of Indiana payday loan borrowers have an annual income of less than $30,000
  • As of 2019, there were over 400 payday lending locations in Indiana
  • Indiana payday loan borrowers take an average of 6 loans per year

Apply Now – TheGuaranteedLoans

If you’re considering a payday loan in Borden, Indiana, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we can often provide same-day funding.

It’s important to note that TheGuaranteedLoans is not a direct lender, but rather a connector service. We work with a network of reputable lenders to help you find the best loan for your needs.

To apply for a payday loan through TheGuaranteedLoans, simply fill out our online application form and we’ll match you with potential lenders. Remember, payday loans should only be used as a last resort and with careful consideration of all risks and benefits.

F.A.Q.

Can I apply for a payday loan online in Borden, Indiana?

Yes, you can apply for a payday loan online in Borden, Indiana. However, it is important to research the lender and make sure they are licensed to operate in the state.

Are there any protections for borrowers in Borden, Indiana when it comes to payday loans?

Yes, Indiana state law has several protections in place for payday loan borrowers, including limits on fees and interest rates, and a prohibition on renewing or rolling over loans. Borrowers also have the right to dispute any errors on their loan agreements and seek legal recourse if they feel they have been treated unfairly by a lender.