Brownstown at a glance
- Population: 3,013, the 159th-largest community in Indiana out of 565 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 3,028 residents here (US Census Bureau).
- 2020 to 2023 change: down roughly 0.5% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Indiana places: 159th in population of 565 places (US Census Bureau).
- Size percentile: it is larger than about 72% of the places in Indiana (US Census Bureau).
- Coordinates: 38.8791 latitude, -86.0477 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Seymour, IN (10 mi); Austin, IN (16 mi); Salem, IN (19 mi); Scottsburg, IN (20 mi); Columbus, IN (24 mi) (US Census Bureau).
- Nearest smaller towns: Medora, IN (8 mi); Crothersville, IN (13 mi); Little York, IN (15 mi) (US Census Bureau).
What a personal loan costs in Brownstown
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Brownstown
Each row below is a Indiana rule with its publisher and the date it was retrieved.
| 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 Brownstown
Before you share your details with a lender in Brownstown:
- 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.