Walton at a glance
- Population: 985 residents, the 302nd-largest of 565 places in Indiana (US Census Bureau, Vintage 2023).
- 2020 Census base: 965 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 2.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Indiana places: 302nd largest of 565 (US Census Bureau).
- Size percentile: roughly 47% of Indiana's places have fewer residents (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 40.6623, -86.2441.
- Nearest larger cities: Galveston, IN (7 mi); Logansport, IN (8 mi); Peru, IN (11 mi); Kokomo, IN (15 mi); Flora, IN (17 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Onward, IN (3 mi); Bunker Hill, IN (7 mi); Burlington, IN (15 mi) — US Census Bureau populations.
What a personal loan costs in Walton
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
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 Walton
The table carries the Indiana rate and licensing rules that apply to consumer loans made in Walton.
| 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 Walton
The steps below are worth completing first when you borrow in Walton:
- 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.