Patriot at a glance
- Population: 205 people, the 505th-largest place among Indiana's 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 200 residents here (US Census Bureau).
- 2020 to 2023 change: about 2.5% growth over the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 505th out of 565 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 11% of Indiana's Census places by population (US Census Bureau).
- Coordinates: 38.8352, -84.8303 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Warsaw, KY (5 mi); Glencoe, KY (8 mi); Rising Sun, IN (8 mi); Sparta, KY (10 mi); Union, KY (11 mi); US Census Bureau population estimates.
- Nearest smaller towns: Sanders, KY (14 mi); Worthville, KY (20 mi); Fairview, KY (22 mi) — US Census Bureau populations.
What a personal loan costs in Patriot
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Indiana lending rules that apply in Patriot
Each row below is a Indiana rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Patriot
Before you share your details with a lender in Patriot:
- 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.