Installment Loans in Indiana

Steps

1. Submit one request through LendUp or contact a licensed lender directly.
2. Gather your government ID, proof of income, and bank account details for deposit and repayment.
3. Review the offer: check the payment schedule, each due date, and the total amount you'll repay over the full term.
4. Before you sign, confirm the payment schedule and total repayment amount, then save a copy of the signed agreement.

What to expect

• Credit check: Most lenders pull your credit report or use alternative data such as bank-account history. If a lender says "no credit check," expect other verification instead.
• Payment schedule: Your agreement must state each installment amount and due date. Confirm the dates align with your pay schedule before signing.
• Timing: Funds are typically deposited to your bank account within one business day of approval, though timing varies by lender.
• Autopay setup: Most Indiana installment lenders use automatic withdrawals. Confirm the exact withdrawal dates so you can avoid overdraft fees.

Before you share your Social Security number or bank details, confirm the lender holds an active Indiana Consumer Loan License.

1. Go to nmlsconsumeraccess.org and enter the lender's company name in the search box.
2. Use the legal business name from the lender's offer or paperwork, not just the website name.
3. Select the matching result and confirm the license status shows Approved and that Indiana is listed as an active licensed state.
4. Match the company address or phone number in the directory to the contact information on your offer.
5. If the lender does not appear or shows a status other than Approved, do not proceed.

To report an unlicensed lender or file a complaint against a licensed one, contact the Indiana Department of Financial Institutions (DFI) at in.gov/dfi - File a Complaint.

Your rights in Indiana

• Written agreement: Your lender must give you a written contract that includes the full payment schedule, all fees, and the total finance charge (plus principal) before you sign.
• Prepayment: You have the right to pay off your loan early. For precomputed loans, the lender must rebate any unearned portion of the finance charge when you prepay in full.
• Late fee limits: If an installment is more than 10 days past due, the lender may charge a late fee - up to $25 for monthly installments, or up to $5 for installments due every 14 days or less. No additional late fees can stack on top of an existing unpaid late fee.
• Unlicensed lender: If a lender is required to hold an Indiana Consumer Loan License and doesn't, the loan may not be enforceable. Confirm license status before you sign and report any unlicensed lender to the DFI.

Walk away if

• An upfront fee is required before you can "unlock" the loan.
• The lender shows only the monthly payment and won't state the total repayment amount in writing.
• Your offer doesn't include a clear payment schedule with specific due dates.
• Automatic withdrawals are required, but the lender won't let you confirm a withdrawal date that works with your deposit schedule.
• The lender won't provide a physical address and a customer-service number you can reach.

Before you accept, compare total costs on Indiana Rates & Fees, and review our scams and safety guide. If the payment doesn't fit your budget, check Alternatives.