Griffith at a glance
- Population: 16,222, the 57th-largest community in Indiana out of 565 (US Census Bureau, Vintage 2023).
- 2020 Census base: 16,541 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 1.9% below the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 57th largest of 565 (US Census Bureau).
- Size percentile: it exceeds roughly 90% of Indiana's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 41.5276, -87.4239.
- Nearest larger cities: Highland, IN (2 mi); Schererville, IN (3 mi); Munster, IN (4 mi); Dyer, IN (5 mi); Gary, IN (6 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Lynwood, IL (7 mi); Sauk Village, IL (8 mi); New Chicago, IN (8 mi), each a US Census place.
What a personal loan costs in Griffith
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Indiana lending rules that apply in Griffith
Read the table as the compliance picture for a lender serving Griffith: label, sourced figure, publisher and 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 Griffith
Run through this list before signing anything in Griffith:
- 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.