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US Cash Advance is a direct payday lender serving Indiana residents, including Indianapolis, Fort Wayne, and South Bend. Apply online in minutes for a payday loan up to $825, with a decision the same business day.
Indiana payday loans at a glance: Payday loans are legal in Indiana and regulated by the Indiana Department of Financial Institutions under IN Code § 24-4.5-7-102 (2025); IN Code § 24-4.5-7-104 (2025); IN Code § 24-4.5-7-401 (2025). Lenders must disclose the full APR and due date before you sign.
Rules current as of August 2026.
Governing law: IN Code § 24-4.5-7-102 (2025); IN Code § 24-4.5-7-104 (2025); IN Code § 24-4.5-7-401 (2025)
The maximum principal for a payday loan in Indiana is $550, with a minimum term of 14 days as per IN Code § 24-4.5-7-104 (2025). Finance charges vary: 15% on the first $250, 13% on amounts between $250 and $400, and 10% on amounts over $400 up to $550, according to IN Code § 24-4.5-7-401 (2025). A license is required to operate.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 14 days | 391% | $15 | $115 |
| $300 | 14 days | 382% | $44 | $344 |
| $825 | 14 days | 314% | $99.50 | $924.50 |
In Indiana, a small loan (payday loan) is capped at $825 in aggregate principal and may not exceed 20% of your gross monthly income. Finance charges are tiered: 15% of the first $250, 13% of the amount above $250 up to $400, and 10% of the amount above $400 up to $825. Because the upper bands are cheaper, the fee as a share of the loan falls as the amount rises. The APRs above assume a 14-day term, which Indiana sets as the minimum term, not a maximum; a longer term lowers the APR. The lender must show you the exact APR before you sign.
Indiana residents should be aware that payday loans are capped at $550 with a minimum term of 14 days. Finance charges vary by loan amount - see IN Code § 24-4.5-7-401 (2025) for details.
Indiana law mandates a 7-day cooling-off period after five consecutive loans, as stated in IN Code § 24-4.5-7-401 (2025). Consumers should verify lender licensing through the Indiana Department of Financial Institutions.
Complaint Agency: Indiana Department of Financial Institutions (317-232-3955) (File a complaint)
Verify Lender License: https://iga.in.gov/laws/2024/ic/titles/24
Indiana imposes a 7-day cooling-off period between loans to prevent continuous debt cycles. We do not have a confirmed rollover or renewal rule on file for Indiana, so check with the lender and the state regulator before agreeing to extend a loan. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in Indiana, regulated under IN Code § 24-4.5-7-102 (2025); IN Code § 24-4.5-7-104 (2025); IN Code § 24-4.5-7-401 (2025). Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
Indiana caps the fee a licensed lender may charge rather than the APR, so there is no statutory maximum APR. On a typical short-term payday loan the effective APR works out to about ~391% under IN Code § 24-4.5-7-102 (2025); IN Code § 24-4.5-7-104 (2025); IN Code § 24-4.5-7-401 (2025). Your actual cost depends on the loan amount and term, and the lender must disclose the exact APR and fees in your agreement before you sign.
In Indiana, the maximum payday loan amount is $825 under IN Code § 24-4.5-7-102 (2025); IN Code § 24-4.5-7-104 (2025); IN Code § 24-4.5-7-401 (2025). Some lenders approve less than the state maximum based on your income and their own limits. Borrow only what you can repay by the due date, since fees apply to the full amount.
Yes. Indiana requires a 7-day cooling-off period between payday loans under IN Code § 24-4.5-7-102 (2025); IN Code § 24-4.5-7-104 (2025); IN Code § 24-4.5-7-401 (2025). After repaying a loan you must wait this many days before taking out another, which limits back-to-back borrowing. The waiting period applies across all licensed lenders in the state.
Explore the full US Cash Advance suite of short-term lending options: Payday Loans, Cash Advance, Bad Credit Loans, Same Day Loans, Debt Consolidation, or find a location near you in our Indiana Locations Directory.