Centerville at a glance
- Population: about 2,749, 162nd by size in Indiana of 565 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 2,737 residents here (US Census Bureau).
- 2020 to 2023 change: about 0.4% growth over the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 162nd of the state's 565 Census places (US Census Bureau).
- Size percentile: larger than about 71% of the Census places in Indiana (US Census Bureau).
- Coordinates: latitude 39.8220, longitude -84.9993 (US Census Bureau Gazetteer).
- Nearest larger cities: Richmond, IN (6 mi); Connersville, IN (14 mi); Eaton, OH (20 mi); New Castle, IN (21 mi); Winchester, IN (24 mi); each population is a US Census Bureau estimate.
- Smaller places nearby: Greens Fork, IN (5 mi); Spring Grove, IN (6 mi); East Germantown, IN (7 mi), per US Census Bureau estimates.
What a personal loan costs in Centerville
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
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 Centerville
The Indiana rate caps and licensing rules that reach Centerville are listed below, each with its source and retrieval date.
| 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 Centerville
Before you share your details with a lender in Centerville:
- 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.