Prince's Lakes at a glance
- Population: 1,371 — 258th in Indiana, which has 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,375 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: down roughly 0.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Indiana places: the 258th-largest of 565 (US Census Bureau, 2023 estimate).
- Size percentile: about 54% of places in Indiana are smaller (US Census Bureau).
- Coordinates: 39.3511, -86.1084 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Trafalgar, IN (5 mi); Edinburgh, IN (8 mi); Franklin, IN (10 mi); Columbus, IN (14 mi); Bargersville, IN (14 mi); US Census Bureau population estimates.
- Nearest smaller places: Morgantown, IN (8 mi); Nashville, IN (12 mi); Clifford, IN (14 mi) (US Census Bureau estimates).
What a personal loan costs in Prince's Lakes
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
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.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Indiana lending rules that apply in Prince's Lakes
The table lists the Indiana rules that apply to a loan made in Prince's Lakes, each with the regulator that published it.
| 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 Prince's Lakes
The steps below are worth completing first when you borrow in Prince's Lakes:
- 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.