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Payday Advance Indiana

It can be tough to meet financial emergencies when you are living from paycheck to paycheck. Not only do you worry about the situation at hand, but you also have to worry about where the extra money will come from and how you'll make it to the next payday.

For those living in the state of Indiana, payday loans are the answer to such a dilemma. Indiana payday advances provide cash easily and quickly so that you can pay for such occurrences as overlooked unpaid bills, mechanical breakdowns, unexpected illnesses, and more. Indiana payday cash advances can be obtained from approved lenders operating within the state, or from online lenders offering Indiana payday loans.

What Are Indiana Payday Loans?

Payday loans are cash advances that can be easily applied for in order to receive cash quickly to meet financial emergencies. Indiana payday loans help residents relieve emergency financial situations and reduce worry associated with a lack of cash to handle them. These loans bridge the gap between the time of the emergency and the following payday.

Also, Indiana payday advances are short-term loans that are normally repaid within two weeks or on your next payday, thus the term "payday" loan. Because payday cash advances are repaid so quickly, they also relieve any stress of carrying a long-term loan balance over months or years. The cash emergency is taken care of, the loan is repaid out of your next paycheck, and life goes back to normal.

What to Expect

Indiana payday loans are designed to be easily obtained so that emergencies can be handled quickly. Therefore, a short payday loan application is filled out and verification of steady employment or some other regular means of income, such as Social Security payments, is provided.

Your application will include the amount of payday advance you require and the loan term for which you plan on repaying the loan amount plus added interest and fees. You will also be asked to provide your bank account info so the requested amount can be deposited upon approval. Repayment can be made by visiting the loan store on the due date, by providing a post-dated check to be cashed on the due date, or by electronic withdrawal directly from your bank checking or savings account. Check with each lender for their specific repayment policies.

Legal Guidelines for Indiana Payday Loans

Payday loan stores are legal in the state of Indiana. Online lenders can also be utilized, but they must adhere to the legal guidelines set for Indiana payday advances. The maximum amount of short-term loans for the state is $550 with a loan term of 14 days. Extensions, or rollovers, of the loan are prohibited which means the loan must be paid off within the two week period or penalty fees will be applied.

Indiana payday loans have a maximum finance rate of 15 percent up to $250, 13 percent from amounts of $251 to $400, and 10 percent on amounts from $401 to $550. An Indiana resident can only carry two open payday loans at a time and they can only obtain one loan per lender. There is a cooling off period of seven days after six consecutive loans have been satisfied before another loan can be obtained.

Indiana allows a single non-sufficient fund (NSF) fee of $20. However, additional charges under other circumstances could apply. Check with the office below for additional information on allowable fees and charges.

Further Information on Indiana Payday Loans or Laws

If you require more information on payday advance Indiana loans, the establishments that offer them in the state, or the laws and guidelines regulating them, contact the following Indiana office.

© PaydayAdvance.org – All Rights Reserved

PaydayAdvance.org is not a lender, does not broker loans or extend credit to consumers. This website’s sole purpose is to connect consumers who are looking for payday advance loans online.

Not all lenders can provide your requested loan. Cash transfer times may vary between lenders and depend on your individual bank. Repayment terms vary by lenders and local laws. For details, questions or concerns regarding your payday advance, please contact your lender directly.

Residents of Arkansas, Georgia, New York, Oregon, Washington, West Virginia and Vermont are not eligible to apply.