New Ross at a glance
- Population: 312 (US Census Bureau, Vintage 2023 subcounty estimate), the 460th-largest of 565 places in Indiana.
- 2020 Census base: 308 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 1.3% more residents than the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 460th in population of 565 places (US Census Bureau).
- Size percentile: it is larger than about 19% of the places in Indiana (US Census Bureau).
- Coordinates: 39.9646 latitude, -86.7142 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Jamestown, IN (5 mi); Advance, IN (5 mi); Ladoga, IN (6 mi); North Salem, IN (8 mi); Roachdale, IN (9 mi) (US Census Bureau).
- Smaller places nearby: Ulen, IN (15 mi); Alamo, IN (18 mi); Wallace, IN (23 mi), per US Census Bureau estimates.
What a personal loan costs in New Ross
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
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 lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
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 New Ross
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in New Ross
Run through this list before signing anything in New Ross:
- 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.