Carlisle at a glance
- Population: 616 residents, the 378th-largest of 565 places in Indiana (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 621 residents here (US Census Bureau).
- 2020 to 2023 change: down about 0.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Indiana places: 378th of 565 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 33% of the places in Indiana (US Census Bureau).
- Coordinates: 38.9608 latitude, -87.4014 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Sullivan, IN (9 mi); Dugger, IN (11 mi); Palestine, IL (12 mi); Bicknell, IN (14 mi); Linton, IN (14 mi) (Census populations, approximate straight-line distance).
- Smaller places nearby: Oaktown, IN (7 mi); Merom, IN (11 mi); Russellville, IL (12 mi), per US Census Bureau estimates.
What a personal loan costs in Carlisle
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.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Indiana lending rules that apply in Carlisle
Read the table as the compliance picture for a lender serving Carlisle: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Carlisle
Here is a short checklist for comparing personal loans in Carlisle:
- 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.