Bad Credit Personal Loans in Indiana

Looking for loan options in Indiana? Or, specifically, what personal loans may be available in Indiana if you have bad credit? If so, there may be some basic things you may want to know. In the past, getting a personal loan with bad credit may have been challenging, but the good news is that obtaining loans (even for people with bad credit) has become more accessible in recent years. Below you will find information about the following:

  • What kind of loans are available in Indiana?
  • What products or services can a loan for bad credit be used for?
  • How can I apply for a bad credit loan in Indiana?

 

Read on to find out more about bad credit loan options* in the state of Indiana.

 

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

Bad Credit Personal Loan Options in Indiana

Before learning about what types of personal loans are available in Indiana, it’s helpful to know that laws and regulations around loans and lending vary from state to state. For instance, some states have implemented legislation around certain types of loans. But that varies depending upon what state you reside in.

 

Bad credit loans in Indiana come in various forms, and terms, rates, and fees may differ from lender to lender and may be used to finance a wide range of personal expenses. The different types of loans that are allowed by law in the Hoosier State:

  • Bad Credit Personal Loans in Indiana
  • Bad Credit Auto Loans in Indiana
  • Bad Credit Home Loans in Indiana
  • Bad Credit Payday Loans in Indiana

Understanding Indiana Loan Types for Bad Credit

In Indiana, several funding options* are available to help consumers with bad credit finance necessary products and services. These include secured and unsecured personal loans, traditional auto loans, home loans, and payday loans, available for residents with financial needs.

 

Bad credit loan products are available in Indiana and may help borrowers with bad credit get the cash they need to repay their debts, cover expenses, or deal with an unexpected bill.

Bad Credit Personal Loans

Since unexpected expenses seem to be a natural part of life, you may have several surprise expenses, like a car needing repairs or a pet that requires a vet appointment. Experiencing these pop-up expenses can also be challenging and a strain on a budget.

 

Bad credit loans may help with some of these expenses. These loans may be used to finance personal expenses such as home repairs or medical bills.

Bad Credit Auto Loans

Most people consider having a car a necessity, especially if you live in a town or state without easily accessible mass transportation options. But sometimes, having a bad credit score can make it a bit challenging to secure financing.

 

Bad credit auto loans help consumers with low credit ratings gain access to automobile financing so that they may be able to acquire a vehicle without putting too much strain on their budget. To obtain a loan, you may need to meet specific eligibility criteria, which may vary depending on the lender. Be sure to read the research on the type of loan and lender you may be considering.

Bad Credit Home Loans

Owning a home may be a dream some people have. However, it may be difficult for borrowers with bad credit to secure a home loan when they attempt to buy a house. A bad credit home loan is designed to help consumers with a low credit score or limited credit history access funds to purchase their own homes. As a note, the state of Indiana offers some loan options for homebuyers as well.

Bad Credit Payday Loans

Payday, or cash advance loans, are short-term loans paid on your next payday. Some states have tight regulations around this type of lender. While that can be positive, some things to remember about Indiana’s payday loans are listed below.

 

Indiana law also guides payday loan repayment terms, so best to learn more and understand the terms before signing up for this type of loan if this seems to meet your financial situation.

What Products or Services Can a Bad Credit Loan Get You?

With a bad credit loan, you may be able to finance any product or service you need. Depending upon the provider’s terms, a bad credit loan may help cover costs like emergency bills, wedding expenses, vacations, medical bills, or home renovations.

You might be wondering: Is a lease the same as a loan?

Leases & loans are quite different – here’s what you need to know:

  • loan (or personal loan) is generally a lump sum of funds provided on the recipient’s behalf that is paid back over time (and, like most loans, includes interest.)
  • lease (or lease-to-own option) allows the recipient to possess the leased item for a pre-determined period of time and includes the option to purchase the item outright. It does not include interest but has leasing fees.

Uses for Bad Credit Loans in Indiana

Bad credit may make obtaining a loan from a traditional bank or credit union difficult. Traditional financial institutions may also be a challenge to get an approval from as they tend to fund borrowers that have a good to excellent credit score. But loans for bad credit do exist. Alternative lenders for bad credit loans typically have quick application processes and, if approved, may be able to provide funds as soon as the next business day.

 

In Indiana, bad credit loans are sometimes used for the following products:

Product Average Price** Link
Furniture $400 – $10,000 Find a Store*
Mattresses $250 – $3,000 Find a Store*
TVs $300 – $3,500 Find a Store*
Refrigerators $1,000 – $2,500 Find a Store*
Washers and Dryers $300 – $2,000 Find a Store*

 

 

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

 

**Retail prices may vary based on extras and the type of product you purchase. For example, a TV can have a retail price as low as $300, however, some models may have a retail price upwards of $3,500 or more.

 

Indiana Bad Credit Loans in Summary

Different types of bad credit loans are available in Indiana to suit consumer needs. Those with bad credit who do not qualify for loans from traditional lenders may be eligible for bad credit loans. Bad credit lenders, also known as alternative lenders, may offer personal loans to help you pay for the products and services you need.

 

You may be able to get a loan with flexible repayment terms. Loan applications can be submitted on our website. Find a store near you* to apply for a loan within our network of merchants.

 

**Please Note: Payment solutions vary based on the merchant and will be indicated at the beginning of the application process. Be sure to confirm that the merchant you select offers the lease, loan, or alternative payment solution you intend to apply for.

Indiana Bad Credit Loans FAQs

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What Kinds of Loans for Bad Credit Can You Get in Indiana?
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What’s Considered “Bad Credit”?
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Where’s the Best Place to Get a Bad Credit Loan?
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How Can I Apply for a Bad Credit Loan?
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What’s the Maximum Amount I Can Borrow with a Personal Loan with Bad Credit in Indiana?
© 2025 American First Finance. All Rights Reserved.

1 Application Terms: Your application, including the amount, cost, and approval, is subject to review and is not guaranteed. Applications are reviewed based on data you provide and one or more of the following: identity verification, bank verification, information from a third-party, a credit reporting agency, and/or prior experience through American First Finance (AFF).

Bank Loan: A consumer installment loan is originated by FinWise Bank, a Utah-chartered bank, Member FDIC and sub-serviced by AFF. The loan may be funded by the bank to the merchant for you to purchase item(s) and/or service(s). In some cases, the loan for returning customers is funded directly to your checking account for personal, family or household use.

Retail Installment Sale Agreement: A retail installment agreement is not a loan. You may enter into a Retail Installment Sale Agreement with a merchant to purchase item(s) and/or service(s). AFF may purchase the Agreement from the Merchant. An example of a retail installment transaction based on a 12-month term with 26 biweekly payments: if you make a purchase of $1,000 and make a $50 down payment with an Annual Percentage Rate (APR) of 169.53%, you will have 25 bi-weekly payments of $74.79 and 1 bi-weekly payment of $75.06. The total amount repayable will be $1,944.81 with full, timely payments over 12 months.

Lease: A lease is not a loan or credit transaction. It has several names: lease, lease-to-own, rent-to-own, or rental-purchase. With a lease, you select the item(s) and AFF purchases the item(s) from a Merchant. You take the item(s) home. AFF retains ownership until you pay for the item(s) plus rental fees. Other fees may be included, such as late, non-sufficient funds, delivery, and optional Liability Damage Waiver fees. As a result, the total amount you pay for leasing an item may be more than double the retail cost. You can cancel your lease at any time without penalty by contacting AFF. An example of a 12-month lease with weekly payments: if you lease a $1,000 item and pay a $50 (plus tax) processing fee, you will have 52 additional weekly rental payments of $46.11 to complete your lease. Your total lease payments will be $2,452.21 with full, timely payments over 12 months.

2 You will save money on interest, finance charges, or leasing fees when you pay the discounted amount during the Early Payoff Discount (EPD) period or by exercising the Early Buyout Option (EBO). You must make payments larger than your regularly scheduled payments by the EPD/EBO expiration date. You will make additional payments through the customer portal or by contacting the customer service team.

3 Decisioning may take additional time and not be same day. Additional information may be required.

4 This loyalty program is offered by FinWise Bank. The program provides loyal customers the opportunity to qualify for a lower rate. A rate reduction is valid on new loans only and cannot be applied to existing loans. The rate reduction is only applicable to customers with a prior loan open for at least 150 days, with all payments posted and cleared on time for the life of the loan, and the loan has been paid in full. Maximum of two (2) rate reductions per customer. Loans are originated by FinWise Bank, a Utah-chartered bank, Member FDIC. Terms and conditions subject to change at any time without prior disclosure or notice.

5 Approval is possible without a credit score, but credit may be checked.

6 Testimonials reflect the real-life experiences of customers who used our products and/or services. Individual results may vary.

To report a problem or complaint with this lender, you may write info@americanfirstfinance.com or call customer service at (855) 721-1188.

American First Finance, LLC – NMLS ID 1757007

© 2025 American First Finance. All Rights Reserved.