Ferdinand at a glance
- Population: 2,189 — 189th in Indiana, which has 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 2,153 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 1.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Indiana places: 189th of the state's 565 Census places (US Census Bureau).
- Size percentile: ahead of around 67% of Indiana places in population terms (US Census Bureau).
- Coordinates: mapped at 38.2280, -86.8625 by the US Census Bureau Gazetteer.
- Nearest larger cities (within 120 miles): Huntingburg, IN (7 mi); Santa Claus, IN (8 mi); Jasper, IN (12 mi); Tell City, IN (20 mi); Boonville, IN (26 mi) (US Census Bureau populations).
- Nearest smaller places: Dale, IN (7 mi); Holland, IN (10 mi); Birdseye, IN (11 mi) (US Census Bureau estimates).
What a personal loan costs in Ferdinand
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
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.
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 Ferdinand
The table carries the Indiana rate and licensing rules that apply to consumer loans made in Ferdinand.
| 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 Ferdinand
Here is a short checklist for comparing personal loans in Ferdinand:
- 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.