Best Personal Loans in Indiana

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Contributor, Benzinga
October 21, 2022

Quick Look: The Best Personal Loans in Indiana

  • Best for Loan Comparison: Credible
  • Best for Fee-Less Loans: SoFi
  • Best for Debt Consolidation: Payoff
  • Best for Low Fees: OppLoans
  • Best for Flexible Terms: Rise

A personal loan may be your best bet if you need some extra cash to cover a large or emergency expense. Personal loans are installment plan loans with fixed rates and terms, so you won’t be unpleasantly surprised by more interest than you bargained for.

Check out our list of the best personal loans in Indiana to find your financial solution today. 

Best Personal Loans in Indiana

Look into a personal loan from a trusted online lender. You can compare loans easily, apply and receive funds all from your phone. Take a look at our list of the best personal loans available online in Indiana.


Credible is a handy loan comparison service with a user-friendly interface. With just a few questions, Credible links you with personalized borrowing options from multiple lenders.

If you need funds for anything from debt consolidation to wedding planning, you can easily compare offers without affecting your credit score. The process takes less than 2 minutes, and you can choose whichever lender has the best terms and rates.

You’ll find personal loan options with fixed, competitive rates with terms that range from 1 to 7 years. Loan amounts range from $600 to $100,000. 

Aside from personal loans, you can apply for home loans and mortgage refinancing. Student loans and student loan refinancing is also available.

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    Credible Operations, Inc. NMLS# 1681276

    Credible. Not available in all states.

    320 Blackwell Street Suite200 Durham, NC 27701

    Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states. 

    All bonus payments are by gift card. See terms

    Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.

    Won’t impact your credit score DISCLOSURE: (May be in the footer, a tooltip, or a popup the user has to click on or scroll to see)

    Requesting prequalified rates on Credible is free and doesn’t affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.

    “We accept advertising compensation from companies that appear on this site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company lists on this page DO NOT imply endorsement. We do not feature all providers on the market.

    We receive compensation from the companies below if you click on a link or purchase a product. Amount of compensation may impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.


Avoid high-interest payments with a personal loan from SoFi. SoFi is an online lender that offers personal loans for debt consolidation and home improvements. You can also get loans for home renovations, relocation assistance, medical procedures and more.

SoFi makes it easy to apply online, and you can check your rates without hurting your credit score. Loans from $5,000 to $100,000 are available with flexible terms and a fixed rate.

SoFi is a fee-less lender. There are no origination fees, no pre-payments fees and no late fees. Without fees, you pay less overall, and you can pay off the loan faster.

  • securely through SoFi Personal Loans's website
    securely through SoFi Personal Loans's website
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    Fixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

    Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

    Direct Deposit Discount: To be eligible to potentially receive an additional (0.25%) interest rate reduction for setting up direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A. or eligible cash management account offered by SoFi Securities, LLC (“Direct Deposit Account”), you must have an open Direct Deposit Account within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled payroll direct deposits of at least $1,000/month to a Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion. This discount will be lost during periods in which SoFi determines you have turned off direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to receive a Loan.

Happy Money

Taking on more debt to consolidate your debt may seem counterintuitive, but it can actually make your debt more manageable. Happy Money is an online service that connects you with lenders who can help you consolidate your debt. 

Because personal loans often have low-interest rates, you can save more money than if you carry the balances on high-interest credit cards. And paying 1 set monthly payment at a low, fixed rate can make paying down debt less costly and more manageable.

Loans range from $5,000 to $35,000 at a fixed APR. Terms fall between 2 to 5 years with origination fees of 0% to 5%. Individual rates and terms are determined by your credit history and score.

Unlike many lenders, Happy Money is clear about its borrower standards. Happy Money has the following considerations and minimum requirements:

  • Credit score of at least 640 
  • Repayment history for open accounts
  • Debt-to-income (DTI) ratio 
  • Credit history age 
  • No current delinquent accounts

Use Happy Money to get a handle on your finance by structuring your debt payments. Your higher credit limit and lowered credit utilization will also give your credit score a boost.


OppLoans by OppFi offers online loans with quick applications to anyone in Indiana, fast decisions and faster funding. You can choose from a range of small loan amounts, get personalized service and manage your loan online with no issue. 

There are also loans for those with bad credit and some that involve no credit check at all. Living in Indiana, your finances could be tied to a number of issues that you must address, and you deserve some peace of mind. The platform also offers:

  • Quite a bit of information related to financial education
  • No origination or prepayment fees
  • Fixed rates
  • No hidden fees

If you want to apply, you can visit the website right away, or you can contact the firm for assistance if you’re not yet ready to apply. This might be an easy loan to get for any unexpected expense or emergency. Plus, you can use these loans to deal with travel expenses, education costs, etc.

  • securely through OppLoans's website
    securely through OppLoans's website
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    Best for Low Fees


With Rise, you can borrow $500 to $5000, enjoy a risk-free guarantee and borrow on your terms. You can also take advantage of credit tracking that will help you improve your financial picture. This can be especially helpful for you when you need to gain access to quick cash instead of managing a massive expense, emergency, etc. 

The process is simple because you can:

  • Apply online
  • Choose your terms and amount
  • Sign and get your money

Because the process is so simple, Indianans can take advantage these loans right away. Plus, this might be a good option for those with little or no credit.

Personal Loan Considerations

If you know you can meet rigid repayment terms and want to pay for a large expense with an installment plan, a personal loan is a great option for you. Compare loans from different lenders to find 1 with terms and rates that work for you. Be careful for predatory loan offers, especially online — look for industry-trusted lenders.

Personal Loans vs. Credit Cards

A personal loan is your best bet if you need a set amount to cover a specific expense. You’ll need to meet set monthly payment amounts and deadlines. If you want consistent access to revolving credit with more flexible repayment options, a credit card can do the job.

Get Quick Funds With a Personal Loan

No matter why you need extra cash, a personal loan can be your solution. Use Benzinga’s list of lenders to compare your options and find the best personal loan today. 

Frequently Asked Questions


What happens if I can’t repay my personal loan on time?


Try to avoid this. If you find yourself unable to meet the set terms of your loan agreement, be sure to communicate with your lender about your options. It may offer forgiveness programs like skipping a payment and adding it to the end of the loan. You could face collateral seizure, fees or other penalties if you don’t meet your end of the loan agreement.


Can a personal loan help my credit?


It can. Raising your overall credit limit and lowering your credit utilization ratio can bump up your score. So can making regular payments and establishing good financial habits.


Can I get a small loan immediately?


With a personal loan, y0u can get the cash you need in a very short time, so it is a great financial solution if you need quick cash.