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Find the Best Payday Loans in Indianapolis, IN

Find the Best Payday Loans in Indianapolis, IN

A payday loan, also called a small loan in Indiana, allows you to borrow cash right away and pay it back, with finance charges, on your next payday. We’ve researched the best payday loans in Indianapolis so you can find a lender with an easy application, competitive rates and good reviews from customers.

Top 10 Indianapolis Payday Loan Companies

Online lender offering payday loans, installment loans, and line of credit products. Can lend up to $800 with loan terms anywhere between 8 and 31 days. Borrowers apply online and receive an instant lending decision.

Lender with 25 years in business offers payday loans up to $1,000 and title loans up to $25,000 with easy application process. Consumers can get funds the next business day. Installment loans and lines of credit also available.

Supplies both payday and title loans online or at over 2,000 store locations. Amounts vary by state and vehicle specifics. Max payday loans range $100-$1,100 and max title loans range $300-$10,000.

Payday loans in 8 states with max loan amounts $255-$1,500 and title loans in 7 states with max amounts $200-$5,000. Get cash instantly in-store or overnight with online applications. Offers 72-hour guarantee used car title loans.

Get payday advances in-store or with an online application in 5 states. Max loan amounts vary by state and range from $50-$1,500. Get instant access to funds in-store or next business day with online approval.

Offers in-store and online payday loans up to $605. Same-day cash at five Indy locations. Approves online payday loans within an hour and electronically deposits funds by next business day. No credit checks.

Provides payday advances from $50 to $605 with no finance charge on your first loan and no credit check. Approves qualified applicants in minutes and gives borrowers cash in store. Follows best-practice industry standards.

Offers same-day installment loans as an alternative to payday loans. Specializes in offering loans to residents with poor credit. Gives $50 to customers every time they refer a friend.

Offers payday loans from $50 to $600. Approves nearly all applicants. Locally owned and operated since 1997. Requires Indiana’s driver’s license or identification card, Social Security card and proof of income.

Brokers cash advance loans from lenders with APRs between 200% and 1386%. Allows customers to apply for loans up to $5,000. Offers solutions for any type of credit history.

As of the end of 2018, Indiana had 30 licensed small loan lenders operating a total of 296 branches, according to the Indiana Department of Financial Institutions. Consumers go to these storefront lenders, as well as online payday loan lenders, to apply for instant cash to pay for emergency and regular expenses.

Payday loans are most popular among renters, those with household income less than $40,000, the recently separated or divorced and those who have fallen behind on bills. While these loans are fast and convenient, they are also expensive and make it easy to fall into a debt trap. Consider the pros and cons before taking out a payday loan in Indianapolis, and if you do sign for one, only borrow what you can afford to repay.

Payday loan limits in Indianapolis

The Indiana Department of Financial Institutions’ Consumer Credit Division regulates payday lenders, officially called small loan lenders, in the state. These lenders must be licensed.

To finalize a payday loan in Indianapolis, you need to sign a contract with the lender. Remember, even after you sign, you have the right to cancel the loan at any time before the close of business on the next business day by paying back the advanced amount.

Indianapolis payday loan requirements

Even if you have bad credit, you can still qualify for a payday advance in Indianapolis. Many small loan lenders don’t even do a full credit check.

If you apply at a payday loan store in Indianapolis, you get an approval decision immediately and, after you sign a contract, walk out with cash. If you apply for a payday loan online in Indianapolis, you learn the same day (if it’s a business day) if you’re approved; then, depending on the lender, you can either pick up the funds at a store or have the money deposited electronically into your bank account. Keep in mind that electronic deposit may take up to two business days.

Indianapolis payday advance FAQ

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