Loan amounts are limited to 20% of gross monthly income. Although no rollovers are allowed, if the borrower needs more time, up to three extensions may be granted. Borrowers may take out no more than two loans, but one per lender.
Regulating the fine line of payday lending in Indiana is the Indiana Code 2017.
We at PayDayAllDay strongly suggest our consumers to do their research, and carefully analyze and compare the terms of services, rates, fees, and other conditions offered by several lenders before engaging in any borrowing activity.