Angola at a glance
- Population: the Census estimates 9,456 residents, ranking 89th of 565 places in Indiana (Vintage 2023).
- 2020 Census base: 9,352 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: up about 1.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Indiana places: 89th in population of 565 places (US Census Bureau).
- Size percentile: it is larger than about 84% of the places in Indiana (US Census Bureau).
- Coordinates: latitude 41.6411, longitude -85.0110 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Kendallville, IN (19 mi); Auburn, IN (19 mi); Coldwater, MI (21 mi); Sturgis, MI (24 mi); Huntertown, IN (30 mi) (US Census Bureau populations).
- Smaller places nearby: Fremont, IN (7 mi); Hamilton, IN (8 mi); Hudson, IN (8 mi), per US Census Bureau estimates.
What a personal loan costs in Angola
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Indiana lending rules that apply in Angola
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Angola
The order below is a sensible way to approach a loan in Angola:
- 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.