Greenwood, IN · Midwest · Allowed
Payday loans in Greenwood
Greenwood is governed by Indiana's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Indiana. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Greenwood
56,545 residents · Johnson County Median household income is $54,176 — above the Indiana median of $51,834.
| Nearest storefronts | Town | Phone |
|---|---|---|
| 528 Financial | Indianapolis 12 mi | — |
| ACE Cash Express | Indianapolis 12 mi | (317) 895-1179 |
| Advance America | Speedway 16 mi | (317) 487-6807 |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Indiana page before visiting. Spot an error? Report it.
The online route in Greenwood
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Indiana follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Indiana regulator.
The rules behind the numbers
A small loan is not intended to meet long term financial needs. A small loan should be used only to meet short term cash needs.
In practice: borrow $300 for a standard term and the finance charge is $44 — $344 repaid at the end, about 382% APR. Every compliant lender in Greenwood has to fit inside that schedule.
Statute: Ind. Code § 24-4.5-7-101 et seq.
Regulator: Indiana Department of Financial Institutions · www.in.gov
Questions people ask in Greenwood
Are payday loans legal in Greenwood, IN?
Yes. Storefront payday lending is permitted across Indiana, and Greenwood runs under the same state rules: maximum loan $550, fees capped at 15% on first $250, 13% on $250-$400, 10% on $400-$550. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Greenwood?
The same as anywhere in Indiana: state law sets the schedule. On a typical $300 loan the finance charge is about $44 — $344 repaid at the end of the standard term.
Which lenders have stores in Greenwood?
Our 2022-02-20 directory snapshot lists no storefront lenders in Greenwood — the closest listed locations are in Indianapolis, Speedway.
Who regulates lenders in Greenwood?
Complaints about a lender go to the Indiana Department of Financial Institutions (www.in.gov) — keep the loan agreement and every fee disclosure you were given.