Payday Loans in Memphis, Indiana

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

Company nameAddressZip codePhone number
Flagstar Bank 2317 W Western Ave, South Bend, IN 46619 +1 (574) 237 - 3500
Lake City Bank 99 Chestnut Ave, Winona Lake, IN 46590 +1 (574) 267 - 9150
First Merchants Bank 112 W Main St, Portland, IN 47371 +1 (260) 726 - 7158
Spencer County Bank 10 N Washington St 9088, Dale, IN 47523 +1 (812) 937 - 4870
Freedom Bank 75 US-231, Jasper, IN 47546 +1 (812) 634 - 0091
Advance America 2075 N. State Hwy. 7, North Vernon, IN 47265 +1 (812) 346 - 2524
Heights Finance Corporation 1305 W Marion Ave, Marion, IN 46952 +1 (765) 664 - 6721
First Farmers Bank & Trust 32 S Court St, Sullivan, IN 47882 +1 (812) 268 - 4377
First Merchants Bank 110 North, IN-135, Trafalgar, IN 46181 +1 (317) 878 - 4111
Whiting Refinery Credit Union 1339 119th St, Whiting, IN 46394 +1 (219) 659 - 3254

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Memphis, IN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Kokomo, IN, Quick Loan in Lafayette, IN, Payday Loan for Merrillville, IN, Payday Loans in Michigan City, IN, Payday Loans in Mishawaka, IN, Bad Credit 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 Memphis, IN.

Beautiful sights of Memphis, IN

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

47143

Are Payday Loans Legal In Memphis, 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%

Memphis, IN payday loan calculator

Payday Loans In Memphis, Indiana

When unexpected expenses arise, payday loans can be a valuable resource to turn to for immediate relief. If you’re in Memphis, Indiana, you may be wondering what your options are for securing a payday loan. The good news is that payday loans are legal in Indiana, and there are lenders available to assist you.

What Are Payday Loans?

Payday loans are short-term loans that are typically due on your next payday. They are designed to provide quick cash to individuals who need it, without the hassle of a lengthy application process. In Memphis, Indiana, payday loans are legal and regulated by state law.

How Do Payday Loans Work?

When you apply for a payday loan, you’ll typically be asked to provide proof of income, such as a pay stub, and a valid form of identification. If approved, you’ll receive the funds you need, typically within 24 hours.

On your due date, the lender will withdraw the loan amount, plus any fees, from your bank account. If you’re unable to repay the loan on your due date, you may be able to extend it for an additional fee.

What Are The Requirements For Getting A Payday Loan In Memphis, Indiana?

To qualify for a payday loan in Memphis, Indiana, you must be at least 18 years old and provide proof of income. You’ll also need a valid form of identification, such as a driver’s license or state ID card.

Additionally, lenders may have their own requirements for payday loans. Be sure to research the lender you’re considering and find out any specific requirements they may have.

Benefits of Payday Loans in Memphis, Indiana

  • Quick and easy application process
  • Money available within 24 hours
  • No credit check required
  • Regulated by state law for consumer protection

Interest Rates and Fees for Payday Loans in Memphis, Indiana

Indiana state law regulates the interest rates and fees that lenders can charge for payday loans. Lenders can charge up to 15% of the loan amount as a finance charge, and the APR can be up to 391%. It’s important to carefully read the terms and conditions of any loan agreement you’re considering to ensure you understand the fees and interest rates.

What Are The Risks Of Payday Loans?

While payday loans can be a valuable resource for individuals who need quick cash, they can also come with risks. If you’re unable to repay the loan on your due date, the lender may charge additional fees or even take legal action to collect the debt. This can result in added financial stress and may negatively impact your credit score.

It’s important to consider the risks before taking out a payday loan and only do so if you’re confident you can repay the loan on your due date.

Interesting Facts or Statistics About Payday Loans in Memphis, Indiana

  • The average payday loan amount in Indiana is $387.
  • Indiana has the highest payday loan interest rates in the United States, with an average APR of 391%.
  • In 2019, Indiana residents took out over 1.1 million payday loans, with total fees and interest exceeding $185 million.

Apply Now for a Payday Loan in Memphis, Indiana

If you’re in need of quick cash in Memphis, Indiana, TheGuaranteedLoans is here to help. We are a connector service, not a direct lender, and we’ll work to connect you with potential lenders who can assist you. Fill out our online application today to get started.

Please note that you should only apply for a payday loan if you’re confident you can repay it on your due date. Carefully review the terms and conditions of any loan agreement you’re considering before accepting the loan.

F.A.Q.

What are the maximum loan amounts and fees for payday loans in Memphis, Indiana?

in Memphis, Indiana, the maximum loan amount for a payday loan is $550, with a maximum fee of 15% of the loan amount.

Are there any restrictions on the number of payday loans that can be taken out in Memphis, Indiana?

Yes, in Memphis, Indiana, borrowers are limited to taking out no more than two payday loans at a time.