Avon at a glance
- Population: 24,231 (US Census Bureau, Vintage 2023 subcounty estimate), the 40th-largest of 565 places in Indiana.
- 2020 Census base: 21,513 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 12.6% growth over the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 40th of the state's 565 Census places (US Census Bureau).
- Size percentile: about 93% of places in Indiana are smaller (US Census Bureau).
- Coordinates: 39.7607 latitude, -86.3941 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Plainfield, IN (5 mi); Brownsburg, IN (5 mi); Zionsville, IN (16 mi); Greenwood, IN (19 mi); Carmel, IN (19 mi); each population is a US Census Bureau estimate.
- Nearest smaller places: Danville, IN (5 mi); Clermont, IN (5 mi); Speedway, IN (8 mi) (US Census Bureau estimates).
What a personal loan costs in Avon
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Indiana lending rules that apply in Avon
Read the table as the compliance picture for a lender serving Avon: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Avon
Here is a short checklist for comparing personal loans in Avon:
- 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.