Mecca at a glance
- Population: 274 — 471st in Indiana, which has 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 266 (US Census Bureau).
- 2020 to 2023 change: roughly 3.0% higher than at the 2020 Census (US Census Bureau).
- Rank among Indiana places: 471st out of 565 Census places (US Census Bureau).
- Size percentile: larger than about 17% of the Census places in Indiana (US Census Bureau).
- Coordinates: 39.7271 latitude, -87.3317 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Montezuma, IN (5 mi); Fairview Park, IN (5 mi); Clinton, IN (6 mi); Rockville, IN (6 mi); Rosedale, IN (8 mi); each population is a US Census Bureau estimate.
- Smaller towns nearby: Bloomingdale, IN (8 mi); Carbon, IN (15 mi); Vermilion, IL (17 mi) (US Census Bureau).
What a personal loan costs in Mecca
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.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Indiana lending rules that apply in Mecca
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Mecca
The order below is a sensible way to approach a loan in Mecca:
- 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.