Amboy at a glance
- Population: roughly 308 people; 462nd of 565 places in Indiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 317 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: down roughly 2.8% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Indiana places: 462nd out of 565 Census places (US Census Bureau).
- Size percentile: ahead of around 18% of Indiana places in population terms (US Census Bureau).
- Coordinates: 40.6028 / -85.9274, per the US Census Bureau Gazetteer.
- Nearest larger cities: Converse, IN (3 mi); Swayzee, IN (9 mi); Sweetser, IN (9 mi); Greentown, IN (9 mi); Bunker Hill, IN (10 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Onward, IN (15 mi); Mount Etna, IN (21 mi); Fowlerton, IN (23 mi) — US Census Bureau populations.
What a personal loan costs in Amboy
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Indiana lending rules that apply in Amboy
The sourced rows below are the rules a licensed lender must follow when lending in Indiana, and therefore in Amboy.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Amboy
Run through this list before signing anything in Amboy:
- 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.