Shadeland at a glance
- Population: 1,811 — 220th in Indiana, which has 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,757 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 3.1% more residents than the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 220th largest of 565 (US Census Bureau).
- Size percentile: roughly 61% of places in Indiana rank below it by population (US Census Bureau).
- Coordinates: latitude 40.3448, longitude -86.9637 (US Census Bureau Gazetteer).
- Nearest larger cities: Lafayette, IN (7 mi); West Lafayette, IN (7 mi); Battle Ground, IN (13 mi); Attica, IN (15 mi); Williamsport, IN (18 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Dayton, IN (10 mi); New Richmond, IN (10 mi); Linden, IN (11 mi) (US Census Bureau estimates).
What a personal loan costs in Shadeland
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Indiana lending rules that apply in Shadeland
The Indiana rate caps and licensing rules that reach Shadeland are listed below, each with its source and retrieval date.
| 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 Shadeland
Run through this list before signing anything in Shadeland:
- 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.