Payday Loans in Brooklyn, Indiana

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

Company nameAddressZip codePhone number
Check Into Cash 2736 Wabash Ave a, Terre Haute, IN 47803 +1 (812) 478 - 3243
World Finance 3306 S Western Ave, Marion, IN 46953 +1 (765) 662 - 1095
Payday USA 1214 N Park Ave, Alexandria, IN 46001 +1 (765) 724 - 4475
First Financial Bank 1012 S Adams St, Versailles, IN 47042 +1 (812) 689 - 5022
Pay Day Loans 523 W McKinley Ave, Mishawaka, IN 46545 +1 (574) 257 - 9948
STAR Financial Bank 4070 N, 4070 US-33, Churubusco, IN 46723 +1 (260) 467 - 5530
Riverside Community Federal Credit Union 101 N Washington St, Marion, IN 46952 +1 (765) 662 - 3969
Kroger Money Services 3050 Meridian St, Anderson, IN 46016 +1 (765) 644 - 7702
World Finance 1725 E 10th St Ste E, Jeffersonville, IN 47130 +1 (812) 288 - 2485
Bridges of Indiana 912 Main St, Vincennes, IN 47591 +1 (812) 459 - 3427

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brooklyn, 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, Emergency Loan in Granger, IN, Payday Loans in Greenwood, IN, Bad Credit Loans in Guilford, IN, 24-Hour Loan in Hammond, IN, Online 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 Brooklyn, IN.

Beautiful sights of Brooklyn, IN

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

46111

Are Payday Loans Legal In Brooklyn, 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%

Brooklyn, IN payday loan calculator

Payday Loans in Brooklyn, Indiana: Everything You Need to Know

If you’re strapped for cash and need money quickly, a payday loan may seem like an attractive option. But before you head to your local lender or start filling out online applications, it’s important to understand the risks and rewards of payday loans.

Payday loans are a short-term loan that typically amounts to less than $1,000 and is designed to be repaid on the borrower’s next payday. While these loans are legal in Indiana, they can come with high interest rates and fees, making it important to be fully aware of your options before moving forward.

The Basics of Payday Loans in Brooklyn, Indiana

As mentioned earlier, payday loans are legal in Indiana, but there are some important regulations that lenders must follow. According to Indiana law, payday loans:

  • Cannot exceed a maximum of $550
  • Cannot have a term longer than 31 days
  • Carry a finance charge of no more than 15% on the loan

It’s important to note that these are the maximum rates allowed by law in Indiana. Many lenders charge less than these rates, so it’s important to comparison shop before settling on a lender.

The Pros and Cons of Payday Loans

The pros of payday loans include:

  • Quick access to cash when you need it
  • No credit check is usually required
  • Small loan amounts are available

However, the cons are that:

  • High-interest rates make them expensive
  • Short repayment terms make it difficult to pay back the loan on time
  • You can quickly find yourself trapped in a cycle of debt

Payday loans are not a long-term financial solution and should not be used to cover routine bills or expenses. Ideally, they should be used only in emergency situations when you have no other options available.

Interesting Facts and Statistics About Payday Loans in Brooklyn, Indiana

  • The average payday loan in Indiana is $313
  • Indiana has the eighth-highest concentration of payday lenders in the country
  • In 2020, Indiana lawmakers considered a bill that would have increased the maximum amount of a payday loan to $2,500. The bill ultimately failed to pass.

The Application Process with TheGuaranteedLoans

If you’re interested in getting a payday loan in Brooklyn, Indiana, TheGuaranteedLoans is here to help. As a connector service, we work with a network of lenders who may be willing to loan you money depending on your individual circumstances. Applying with us is fast and easy. Simply go to our website and fill out the online application. We’ll then search our network of lenders to find one who may be willing to lend you the money you need.

It’s important to keep in mind that we are not direct lenders, and your loan request will be subject to the lender’s review and approval.

Conclusion

Payday loans can be a valuable option for people who find themselves in a financial bind, but they should only be used as a last resort. Before you apply for a payday loan in Brooklyn, Indiana, it’s important to read up on the state regulations and to understand the risks and rewards.

If you’re considering a payday loan, be sure to use TheGuaranteedLoans as a resource. Our network of lenders is dedicated to providing you with the best possible service while helping you get the money you need quickly and conveniently. Apply now and see how we can help you today!

F.A.Q.

Are there any restrictions on how I can use the money from a payday loan in Brooklyn, Indiana?

The funds from a payday loan in Brooklyn, Indiana must be used for a short-term financial need and cannot be used for long-term expenses or investments.

What are the fees associated with a payday loan in Brooklyn, Indiana?

The fees for a payday loan in Brooklyn, Indiana are capped at 15% of the loan amount, plus a $1 database fee.