Akron at a glance
- Population: 1,113 — 287th in Indiana, which has 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,125 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down about 1.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Indiana places: the 287th-largest of 565 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 49% of the Census places in Indiana (US Census Bureau).
- Coordinates: mapped at 41.0388, -86.0249 by the US Census Bureau Gazetteer.
- Nearest larger cities: Rochester, IN (9 mi); North Manchester, IN (13 mi); Winona Lake, IN (17 mi); Warsaw, IN (17 mi); Argos, IN (18 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Silver Lake, IN (7 mi); Macy, IN (8 mi); Burket, IN (9 mi) (US Census Bureau).
What a personal loan costs in Akron
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Indiana lending rules that apply in Akron
Read the table as the compliance picture for a lender serving Akron: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Permitted under license (small loans); finance charges capped at 15% of the first $250 (tiered above) Source says: "Finance charges on the first $250 of a small loan are limited to 15% of the principal". | Indiana Department of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Small Loan License required (IUCCC; separate Consumer Loan License for IC 24-4.5-3 loans) Source says: "unless a person is a supervised financial organization or has first obtained a small loan license from the Department of Financial Institutions (DFI)". | Indiana Department of Financial Institutions as of 2026-09-16 |
| State lending regulator | Indiana Department of Financial Institutions (DFI), Consumer Credit Division Source says: "The industries regulated by the Consumer Credit Division are: non-depository small loan ("payday") lenders; traditional installment lenders". | Indiana Department of Financial Institutions as of 2026-09-16 |
| Small-loan size limit | $825 maximum aggregate small-loan principal per borrower Source says: "Lenders cannot have loans ... outstanding with you at any one time if the aggregate principal amount/amount financed exceeds $825". | Indiana Department of Financial Institutions as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | See the latest published figure value_text left null: Indiana Code IC 24-4.5-3-508 sets tiered maximum loan finance charges for supervised loans; the official code site renders client-side and the figure could not be confirmed from a fetched page, so no figure is asserted. | Indiana General Assembly (Indiana Code) as of 2026-09-16 |
How to compare offers in Akron
Before you share your details with a lender in Akron:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Indiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.