Single payment, short-term loans for a relatively small amount of money are known throughout Indiana and the rest of the United States as cash advance and/or payday loans. This type of loan has gained recent popularity among working families as more and more consumers are living paycheck to paycheck. Problems can arise when even a small financial emergency hits unexpectedly.

For example, what if you suddenly noticed that the front tires on your car were bald? It’s February, and snowfall is expected towards the end of the week. You don’t have the extra cash right now, but you’ll have it next Friday when you get paid. Instead of risking the safety of your family, you can opt for a cash advance loan to get new tires.

Apply for an Indiana Quick Cash Advance NOW >>

Cash advances are not subject to the traditional limitations of your credit report, but instead are based upon your paycheck (gross and net pay, etc.). One way of repaying your cash advance is by writing out a personal check payable to your lender, post-dated for the day your loan is due, for the full loan amount plus all applicable fees. When your loan becomes due, the lender simply deposits the check. Many lenders will grant you a higher loan amount if your paycheck is directly deposited into your checking account by your employer.

Indiana has laws regarding the payday loan industry, put into place to protect all involved parties:

Loan must be a minimum of $50.
Loan cannot exceed 15% of borrower’s monthly gross income.
14 day minimum on all cash advances.
Fees cannot be more than:
- 15% for a loan < $250;
- 13% for $251- $400 loans;
- 10% for $401 - $500 loans.
No rollovers (cannot repay a cash advance with another).
One loan allowed per person, per lender at one time with two loans total.

Apply for an Indiana Quick Cash Advance NOW >>

* Cash-Advance-USA.org provides information and research on cash advances/payday loans. We are not a payday lender or broker, nor are we necessarily affiliated with the companies profiled on this site. Not all products and services are available in each state.