Cash Advance Loans in Indiana

How Payday Loans Work in Indiana

In Indiana, payday loans are licensed and regulated as small loans under the Uniform Consumer Credit Code. You give the lender a check or authorize a debit for the amount you borrow plus the fee, and it is due on your next payday, at least 14 days out.

Lenders must be licensed by the Indiana Department of Financial Institutions, and the fee is fixed by state law, so it does not change from one licensed lender to the next.

The amount is set by two limits at once. A small loan can be up to $825, but it can never be more than 20% of your monthly gross income, so for most borrowers income is the real cap.

How Much Can You Really Borrow in Indiana Based on Your Income?

Here is what that 20% limit looks like in practice, up to the $825 state cap.

With Superb Cash Advance you can apply for up to $500. We confirm your own limit from your income before you sign.

What a Payday Loan Costs in Indiana

Representative example: borrow $500 for 14 days. Indiana sets the fee in tiers, so it is 15% of the first $250 ($37.50), plus 13% of the next $150 ($19.50), plus 10% of the last $100 ($10.00), which is $67.00 in total. You repay $567.00 on your due date, about a 349% APR.

A smaller loan carries a higher APR because the top tiers do not apply, and we show your exact numbers before you sign.

How Indiana Law Protects You as a Borrower

• Two limits on the amount. A small loan in Indiana cannot be more than $825, and it can never be more than 20% of your monthly gross income, whichever is lower.
• Fees fixed by law. The finance charge is set in tiers: 15% on the first $250, 13% on the portion from $250 to $400, and 10% above $400. Nothing else can be added.
• Two loans at most. You can have no more than two small loans outstanding at one time, and never more than one from the same lender.
• No rollovers. A lender cannot renew, refinance, or consolidate your small loan into a new one for another fee.
• A free extended payment plan. Starting on your third consecutive loan, the lender must offer a plan of at least four equal payments over 60 days or more, at no additional charge.
• A cooling-off period. After five loans in a row, a lender cannot make you another small loan for seven days.
• No jail, no surprise garnishment. You cannot be jailed for an unpaid small loan, the lender cannot start criminal action over a returned check, and wages can be garnished only if a lender sues you and wins a court judgment.

Source: Indiana small loan law, IC 24-4.5-7 ($825 cap and a 20% of monthly gross income limit, tiered fees of 15%, 13%, and 10%, a 14-day minimum term, at most two loans, no rollovers, a free extended payment plan, and a seven-day cooling-off period). Last reviewed July 2026.

How to Get a $500 Cash Advance Fast in Indiana

Indiana law allows a small loan of up to $825, but with Superb Cash Advance $500 is the most you can borrow, and you can request the exact amount you need up to that limit.

Why we cap loans at $500: a smaller loan means a smaller, more manageable payment. We lend only what you can comfortably repay, which protects you from falling behind, and it is in both of our interests that the loan is paid off on time. So even though Indiana permits up to $825, we keep our limit at $500.

The fastest way to get $500 is to apply online with your ID, income, and bank details ready. Most applicants get a decision, and approved funds can arrive the same business day.^*

See the requirements and how it works on our $500 cash advance with no credit check page.

Apply Online