Home›State rule guide›Indiana Payday Loans: $825 Limit, 20% Income Cap & Tiered Fees

State rule guide

Indiana Payday Loans: $825 Limit, 20% Income Cap & Tiered Fees

Check Indiana small-loan rules: current $825 ceiling in DFI guidance, 20% gross-income cap, 14-day minimum term, tiered fees, no renewals and EPP rights.

Check available options →Read the guide

✓Availability✓Limits✓Licensing

Check the actual providerConfirm who makes the credit decision.

Normalize the costCompare fees, APR, total due and dates.

Stress-test repaymentProtect essential cash after the payment.

Complete guide

Answers, tradeoffs and next steps

Use the sections below to evaluate fit, not to predict approval.

State-specific decision hinge

Indiana uses a piecewise fee formula plus an income cap. The page must also be versioned because DFI adjusts UCCC dollar thresholds by CPI and recodified the law in July 2026.

Current state rule table

State field	Current rule
Current DFI published maximum	$825 in the current small-loan consumer brochure; refresh before launch because CPI adjustments are rule-based
Income cap	No more than 20% of monthly gross income
Minimum term	At least 14 days
Finance charges	15% on first $250; 13% on portion above $250 through $400; 10% on portion above $400 through current maximum
Renewals / EPP	No renewals; EPP offered on qualifying consecutive-loan sequence; cooling-off applies after the sixth sequence

Product scenario

Using the current brochure formula, a $300 advance has $37.50 on the first $250 plus $6.50 on the next $50, for $44 in finance charge. The live page refreshes the indexed maximum before publishing.

Interactive decision tool

State range checker

Test the requested amount against the rule summarized on this page.

1Enter→2Compare→3Verify

Amount requested$Rule maximum shown here$

Illustrative resultEnter your numbers

Provider terms and current state requirements control any offer.

Decision infographic

From state rule to final provider check

A statutory ceiling is not an approval amount.

StartState ruleProduct status and maximum.

ThenOpen loansDatabase or provider verification.

ResultEligible rangeProvider confirms the amount.

What controls the decision

State ruleApply

Open loansVerify

ProviderConfirm

3/3

Ready to compare

Inputs, provider disclosure and repayment fit must agree.

Three gates before you continue

1Lawful routeProduct allowed in the state?
2Amount checkWithin the state framework?
3Database checkOutstanding obligations verified?

Continue the guide

Apply the result to this decision

Use the remaining checks before moving to a provider form.

If the state/product check fails

Do not suggest an unlicensed online lender or an out-of-state workaround.
Route to bank / credit union / PAL / lawful installment alternatives where available.
If the issue is an existing unpaid loan, show repayment-plan / hardship rights before new credit.
If the payment would erase the user's safety buffer, lower the amount or return a no-borrow outcome.

Product objections / FAQ

Does the state maximum mean I should borrow that amount? No. The legal ceiling is not an affordability recommendation. Are online lenders exempt from state rules? Payday Hex does not treat an online channel as an exemption. The lender must be legally permitted to serve the user under the applicable framework. How fresh are these rules? Sources below were checked on 6 Sep 2026. Volatile lender availability and any state changes must be refreshed immediately before publication.

Quick comparison

What the product page must answer

Decision	Look for	Stop if
Availability	State eligibility and provider identity	The creditor or license path is unclear
Cost	Amount received, required fees, APR and total repayment	Only the payment size is shown
Timing	Decision, release and bank-posting stages	“Instant” is presented as guaranteed
Repayment	Exact dates, method and late-payment consequences	The payment reopens the same cash gap

Explore this cluster

Related guides and tools

6 focused pages, each with a separate canonical job.

Ready for the next step?

Take the comparison with you.

The application page is separate from the guide and is operated with a third-party form provider.

Continue to the form →