Personal Loans in Indiana: A How-To Guide

Personal Loans in Indiana: A How-To Guide
Luke Loftin
on April 25, 2019
Read in 1 min

From Grissom Air Force Base to business ventures looking to expand, more and more revenue is coming into the state of Indiana—but that doesn’t always translate to stress-free finances for its residents.

Life has a way of throwing curveballs, which can catch you off guard no matter how financially responsible you’ve been—simply because there might not be enough money readily available to cover an unexpected expense. This can hit you in a number of ways, like:

  • Emergency medical bills piling up.
  • Home repairs to take care of normal wear and tear of flooring and walls, furniture and more.
  • Vehicle repairs.
  • Emergency purchases.

These circumstances can require a significant amount of cash (quickly) that may fall outside of your budget—assuming you have it available at all.

This is where online personal loans can be such an asset worth considering. Following a fast and simple request process, through online lenders, you can often have cash within 24 hours, sometimes even if you have bad credit or no collateral.

Personal loans can also serve a useful purpose of consolidating debts spread out over multiple sources and combining them into a single monthly payment.

personal loan in indiana

Where can I get a personal loan in Indiana?

Online lending has become one of the fastest growing products in the financial industry, thanks to the ease with which they can be navigated by borrowers. Borrowers may be approved for loans in a few minutes from the comfort of their own homes rather than having to physically go their local bank or credit union and fill out the forms there.

With online personal loans, you can get started from anywhere you have the internet, including your phone.

What should I watch out for when requesting a personal loan in Indiana?

There are some general rules of thumb for what to look out for when vetting a lender to make sure you’re not getting scammed. In general, avoid:

  • Lenders who ask for payments upfront.
  • Ads that guarantee approval for loans or credit cards for a fee, even when they haven’t done a credit check.
  • Requests by lenders to wire or send money to them.
  • Individuals who can only guarantee a loan if you pay them.

Need Cash? Get a Personal Loan Today

$5,000
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$1,000
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Disclaimer: This is not legal or financial advice. Please consult a legal or financial advisor for your specific situation.

Luke Loftin Finance Journalist

Luke is a writer and editor based out of Los Angeles.

He specializes in finance, as well as health and wellness.

In his free time, he enjoys watching Astros baseball.

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Important Disclosures. Please Read Carefully.

Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice. This website is not an offer to lend. Lendgenius.com is not a lender or lending partner and does not make loan or credit decisions. Lendgenius.com connects interested persons with a lender or lending partner from its network of approved lenders and lending partners. Lendgenius.com does not control and is not responsible for the actions or inactions of any lender or lending partner, is not an agent, representative or broker of any lender or lending partner, and does not endorse any lender or lending partner. Lendgenius.com receives compensation from its lenders and lending partners, often based on a ping-tree model similar to Google AdWords where the highest available bidder is connected to the consumer. Regardless, Lendgenius.com’s service is always free to you. This service is not available in all states. If you request to connect with a lender or lending partner in a particular state where such loans are prohibited, or in a location where Lendgenius.com does not have an available lender or lending partner, you will not be connected to a lender or lending partner. You are urged to read and understand the terms of any loan offered by any lender or lending partner, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. By submitting your information via this website, you are authorizing Lendgenius.com and/or lenders and lending partners in its network or other intermediaries to do a credit check, which may include verifying your social security number, driver license number or other identification, and a review of your creditworthiness. Credit checks are usually performed by one of the major credit bureaus such as Experian, Equifax and Trans Union, but also may include alternative credit bureaus such as Teletrack, DP Bureau or others. You also authorize Lendgenius.com to share your information and credit history with its network of approved lenders and lending partners. For qualified consumers, our lenders offer loans with an Annual Percentage Rate (APR) of 35.99% and below. For qualified consumers, the maximum APR (including the interest rates plus fees and other costs) is 35.99%. All loans are subject to the lender’s approval based on its own unique underwriting criteria. Example: Loan Amount: $4,300.00, Annual Percentage Rate: 35.99%. Number of Monthly Payments: 30. Monthly Payment Amount: $219.36. Total Amount Payable: $6,581.78 Loans include a minimum repayment plan of 12 months and a maximum repayment plan of 30 months. In some cases, you may be given the option of obtaining a loan from a tribal lender. Tribal lenders are subject to tribal and certain federal laws while being immune from state law including usury caps. If you are connected to a tribal lender, please understand that the tribal lender’s rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction. You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Lender’s or Lending Partner’s Disclosure of Terms.

The lenders and lending partners you are connected to will provide documents that contain all fees and rate information pertaining to the loan being offered, including any potential fees for late-payments and the rules under which you may be allowed (if permitted by applicable law) to refinance, renew or rollover your loan. Loan fees and interest rates are determined solely by the lender or lending partner based on the lender’s or lending partner’s internal policies, underwriting criteria and applicable law. Lendgenius.com has no knowledge of or control over the loan terms offered by a lender and lending partner. You are urged to read and understand the terms of any loan offered by any lenders and lending partners and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

Late Payments Hurt Your Credit Score

Please be aware that missing a payment or making a late payment can negatively impact your credit score. To protect yourself and your credit history, make sure you only accept loan terms that you can afford to repay. If you cannot make a payment on time, you should contact your lenders and lending partners immediately and discuss how to handle late payments.