Payday Loan in Indiana. Current State Laws.

State: Indiana
Statutory Citation: 24-4.5-7-101 et seq.
Maximum Loan Amount: At least $50 and not more than $550.
Finance Charges: Finance charges on the first $250 of a small loan are limited to 15 percent of the principal. Finance charges on the amount of a small loan greater than $250 and less than or equal to $400 are limited to 13 percent of the amount over $250 and less than $400. Finance charges on the amount of the small loan greater than $400 and less than or equal to $500 are limited to 10 percent of the amount over $400 and less than $500.