We can help you gain access to quick funds to overcome emergency financial setbacks. Apply today and you can receive the funds in less than 60 minutes.
Many of our borrowers work with Capital Bean to help them get through short-term financial problems such as an unexpected medical expense, burst pipe or broken down car. Once you’ve been approved by our panel the funds could be in your bank account in less than 60 minutes.
Capital Bean helps people in Indiana find a payday loan with the best options
Using our 100% online form you can apply for a loan in Indianapolis or anywhere across Indiana. Follow the steps below to apply now.
Use our 100% free online form to apply in less than 5 minutes on your phone or laptop.
You will receive an instant decision on your laptop, tablet or ipad from one of our lending partners who will offer the best rates for your circumstances.
Within 1 hour, the same day or the next business day you will get your funds in your nominated bank account that you provided in your application.
We only ever work with lenders that we trust which means we can guarantee your security. We work with hundreds of lenders across Indiana and we can analyze your needs closely. We will make sure that we match you with a lender that suits your needs.
Capital Bean will use soft credit checks to assess your finances which will never leave a visible footprint on your credit history. We look at factors other than just your credit history in order to determine your creditworthiness. This means that even if you have a poor credit score, you can still be considered for a loan.
Capital Bean is a broker rather than a direct lender. This means that we do not supply the funds directly but instead match you with the best lender for you. Even if you have poor or bad credit, we will always try and help you find access to funds.
To be eligible for a payday loan in Indiana you must be meet the following eligibility requirements. The lenders that we work with do consider those with bad credit but you will need to meet these requirements.
If you need cash in between paychecks, Capital Bean can help you gain quick access to funds. Whether it is a burst pipe, car breakdown or emergency medical expense, there are many reasons why you might need quick access to funds. Our same day online loans services is quick and easy to use and can help you find a payday loan anywhere in Indiana. Apply today and get a decision in mere minutes!
| Legal Status | Legal |
| Interest Rate (APR) | 391% APR* |
| Minimum Loan Amount | $50 |
| Maximum Loan Amount | $550 |
| Minimum Loan Term | 14 days |
| Maximum Loan Term | Not Specified |
| Number of Rollovers | 0 |
| Number of Outstanding Loans | 1 loan from 1 lender, 2 loans in total |
| Finance Charges | $250 – $400 loan amount = 13% fee $250 – $400 loan amount = 13% fee $400 – $550 loan amount = 10% fee |
| Statute of Limitations | 6 years (from the last payment) |
| Database Loan Tracking | Yes |
Reference: Indiana State Government
In Indiana, the maximum amount you can borrow is $550 so we thought it would be useful to show the cost. If you were to borrow $550 over 60 days with the maximum APR (391%) you would pay back a total of $886. This breaks down to $550 in principal repayments, $281.37 in interest and $55 in finance charges.
Yes – many of our lenders offer same day loans. You can also get a loan within 24 hours or the next business day. To avoid disappointment, it is always worth checking whether you’re eligible for a loan before using the online request form. To be eligible for a payday loan in Indiana, there are four key eligibility requirements. Applicants must be residents of the US and at least 18 years old. Borrowers will need to demonstrate a monthly income of at least $800. Finally, you will need to have an active checking account where your payday loan can be paid into.
Payday loans are legal in Indiana. According to state law, there is a limit on the amount of a classic payday loan of between $50 minimum to $550 maximum. The loan amount also cannot be in excess of 20% of the borrower’s monthly gross income. In Indiana, borrowers cannot take out more than two loans simultaneously and also these loans cannot be from different lenders. For Indiana payday loans, the minimum loan term is 14 days. Finance charges can vary depending on the amount advanced (10%, 13% or 15%).
Even borrowers with bad credit may still be eligible for a loan. In Indiana, you can still find a payday loan even if you’ve been turned down by an app or credit union or bank in the past for your bad credit. You might have made a mistake in the past that has impacted your credit score, but we at Capital Bean believe you should always have the opportunity to rebuild your financial strength. Working with borrowers from all backgrounds, Capital Bean can help you get started today to find the right payday loan for you.
Our application process for Indiana payday loans is 100% online. This means that with Capital Bean you can get up to $35,000 today from your phone or tablet in the comfort of your own house. Our application process can be completed in under 5 minutes and the decision is made instantly by our lenders.
We aim to make the payday loan process as quick and easy as possible meaning that you could have the money in your account in the same day!
At Capital Bean, we understand that sometimes time is of the essence. When you’re hit with unexpected expenses, your main priority is getting quick and safe access to money. That is why with our fast, online application, we can get you approved within minutes and get funds to you in under an hour!
If you are experiencing long-term financial problems or looking to take out money over a long period of time, payday loans may not be for you. Always read the lender’s terms and conditions before making an application and make sure that you are taking out the loan for the right reason.
The terms and conditions of your loan will vary depending on which lender you decide to work with. If you’re taking out a small loan ($1,000 or less) we find that the most common repayment time frame is two to four weeks.
If you’re borrowing over $1,000 (up to $35,000) these payments are usually spread over a longer period of time.
In Indiana, the minimum loan term is 14 days.
If for any reason you struggle to pay back the loan amount, this could impact the amount of interest you need to pay and could negatively impact your credit rating in the long term.
Fill out our 100% online request form and receive a decision about your loan approval in minutes. If your application is successful, you could even receive your payday loans online same day.
Capital Bean aims to make the process as simple and quick as possible. That is why we work with multiple lenders across Indiana to help get the money to you as quickly as possible. Successful applications can receive money from the lender straight into their account in as little as an hour.
To speed up the process and to help you get fast access to funds, make sure you have relevant information ready to fill out the form such as your bank account details. If you are wanting to receive the decision as quickly as possible, make sure to submit your application during Indiana working hours as this is when the majority of loans are approved. Being able to respond quickly to any queries or document requests will make it more likely that your loan is approved.
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Get started today by clicking on the ‘get started’ button below. This will take you straight to the online form. Answer some simple questions about how much you wish to borrow and over how much time. You will also be asked for a few personal details including your income, monthly expenditure and employment status.
Payday loan amounts range from $100 to $35,000 although Indiana state law prohibits loans of more than $550.
Absolutely, yes. Capital Bean works with a wide range of people with different credit histories. This also includes those that have a very bad credit history or score.
In Indiana, there is no maximum term length specified. The minimum term length is 14 days (2 weeks).
Capital Bean is a broker, meaning that we will not pay you the funds directly but instead work with our panel of lenders to get you the best possible rate in Indiana. We will pass your details on to the lender that is best suited to your circumstances. This means the best interest rates and best repayment terms.
It is free to submit a payday loan request in Indiana via Capital Bean’s online application service.
If you’re approved you could have the funds in as little as an hour. So if you’re looking to get money through on the same day then Capital Bean could be the right partner for you.
Capital Bean is a place you can trust for good money advice. We've helped many people with their money needs in the past. At Capital Bean, our main goal is to help you understand and grow your money. Whether you're curious about how to save, use credit cards, or get personal loans, we're here to guide you.
A Little About Capital Bean
Started in 2021, we've provided financial help to more than 275,000 people. If you're among the many Americans facing money challenges, Capital Bean's online loans might be the solution you need. Our online application is simple and hassle-free. No more standing in lines or dealing with tons of papers. Just apply from your home, and you could get the money on the same day* if everything goes right. Start with a trusted financial choice today.
Unexpected costs shouldn't mess up your budget. Try an online loan with Capital Bean today and see how we can help.
© 2024 Capital Bean. All Rights Reserved.
Contact Us
1-865-884-6510
info@capitalbean.com
7073 Cedarwood Drive, Los Angeles, CA 90006, United States
* Not every loan application gets approved. The decision and loan conditions depend on your credit check and local laws. If you get approval before 10:30 a.m. CT from Monday to Friday, you'll usually get the funds that same day. If it's after this time, expect the funds the following business day. If we need more information to check your application, and it's approved afterward, the funds will be given the next business day after we complete the checks.
† Regarding the Military Lending Act (MLA): Capital Bean doesn't provide loans to those covered by the MLA since all loans we make or organize surpass the MLA's 36% MAPR cap. We check with a national consumer reporting agency to see if someone is covered by the MLA. We also pose the mentioned question to double-check and fully adhere to MLA guidelines.
According to the MLA, a "servicemember" usually refers to someone who is a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard. They should be on active duty under an order that isn't just for a short span of less than 30 days. On the other hand, a "dependent" typically means a servicemember's spouse, a child below 18 years old, or any person who received over half of their financial support from the servicemember in the recent 180 days.
To see if you fall under the MLA, you can make a one-time request on the official MLA website.
Loan Disumbersement - If your application is approved before 10:30 a.m. CT from Monday to Friday, you'll usually receive your funds on that day. If it's approved after that time, expect your funds the following work day. If we need more time to double-check your application details and it's eventually approved, you'll receive your loan the business day after we finish the additional checks.
High-Cost Disclosure: Loans from Capital Bean come with a high APR, making them unsuitable for long-term financial plans. Most of the time, these loans also come with an origination fee that you won't get back if you decide to pay off the loan early. Ensure the loan you pick fits your financial needs and repayment capability. Think about the loan's amount, duration, and the charges involved. If you opt for a loan with high interest, you can lower the overall charges by paying more than just the minimum due. If you pay late, it will cost you more, and you might get a late fee. If you're facing credit issues, consider seeking advice on managing your credit. For useful tools and info on understanding finances, trends in credit scores, and financial terms, check the Resources section on our website at www.capitalbean.com
