Amo at a glance
- Population: 416, the 432nd-largest community in Indiana out of 565 (US Census Bureau, Vintage 2023).
- 2020 Census base: 408 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 2.0% more residents than the 2020 Census base (US Census Bureau).
- Rank among Indiana places: the 432nd-largest of 565 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 24% of the Census places in Indiana (US Census Bureau).
- Coordinates: 39.6889 latitude, -86.6127 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Coatesville, IN (3 mi); Clayton, IN (5 mi); Fillmore, IN (8 mi); Danville, IN (8 mi); Monrovia, IN (10 mi) (US Census Bureau).
- Smaller towns nearby: Stilesville, IN (4 mi); Bethany, IN (16 mi); New Ross, IN (20 mi) (US Census Bureau).
What a personal loan costs in Amo
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Indiana lending rules that apply in Amo
The sourced rows below are the rules a licensed lender must follow when lending in Indiana, and therefore in Amo.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Amo
Here is a short checklist for comparing personal loans in Amo:
- 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.