When applying for a cash advance in Indiana, you should know that the maximum loan amount is $550. You have to borrow at least $50 and the loan amount cannot exceed 20-percent of your monthly gross income. The loan term has to be at least 14 days, but there is no set limit for a maximum loan term. The maximum finance rate and fees can seem a little tricky at first. They are set at: 15-percent for loans up to $250, 13-percent for loans ranging from $251 up to $400, and 10-percent for loans ranging from $401 up to $500. That means for a 14-day, $100 loan, you’d at most pay a $15 fee. That’d be a 390-percent APR. This is relatively low for a cash advance, so you shouldn’t expect the lender to go much lower than that.
Indiana lets you take out more than one cash advance at a time – you can get up to two. They just have to be from different lenders. Although, we do not recommend taking out more than one cash advance at a time.
Remember, your lender will set the loan term. If you have not paid off your debt at the end of the term, you will not be able to extend, renew, refinance, or consolidate your loan. If you are unable to pay off your debt, your lender is allowed to charge you a $25 NSF fee. Your lender is not allowed to pursue criminal action against you.
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Indiana is a U.S. state in the midwestern and Great Lakes regions of North America. Its capital and largest city is Indianapolis. Other famous cities and towns include Bloomington, Gary, Ft. Wayne, South Bend, Evansville, Muncie, and Marion. People who live in Indiana are sometimes called Hoosiers. Indiana's state bird is a Cardinal. Indiana's state flower is a Peony. Indiana's state tree is a Tulip Tree. Indiana has borders with four other states: Illinois, Kentucky, Michigan, and Ohio. It also touches Lake Michigan; which is the only one of the Great Lakes that is completely inside the United States.
One famous attraction of Indiana is the Indianapolis Motor Speedway, which is where the Indy 500 is held every year. The Indy 500 is one of the most famous car races in the United States. The Indianapolis Motor Speedway is not actually in Indianapolis. It is in a town called Speedway, which is completely surrounded by Indianapolis.