Bethany at a glance
- Population: roughly 95 people; 547th of 565 places in Indiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 Census recorded 94 residents here (US Census Bureau).
- 2020 to 2023 change: about 1.1% growth over the 2020 Census base (US Census Bureau).
- Rank among Indiana places: the 547th-largest of 565 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 3% of the Census places in Indiana (US Census Bureau).
- Coordinates: 39.5338, -86.3788 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Brooklyn, IN (1 mi); Mooresville, IN (5 mi); Monrovia, IN (6 mi); Martinsville, IN (9 mi); Bargersville, IN (9 mi) — straight-line distances, US Census Bureau populations.
- Smaller places close by: Spring Hill, IN (23 mi); Crows Nest, IN (25 mi); North Crows Nest, IN (26 mi) (US Census Bureau).
What a personal loan costs in Bethany
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Indiana lending rules that apply in Bethany
The Indiana rate caps and licensing rules that reach Bethany are listed below, each with its source and retrieval date.
| 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 Bethany
A few practical steps will make the process in Bethany less costly:
- 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.