Carthage at a glance
- Population: 925 (US Census Bureau, Vintage 2023 subcounty estimate), the 319th-largest of 565 places in Indiana.
- 2020 Census base: 918 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: up roughly 0.8% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Indiana places: the 319th-largest of 565 (US Census Bureau, 2023 estimate).
- Size percentile: about 44% of places in Indiana are smaller (US Census Bureau).
- Coordinates: 39.7369 latitude, -85.5714 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): Knightstown, IN (5 mi); Morristown, IN (9 mi); Rushville, IN (11 mi); Spiceland, IN (11 mi); Greenfield, IN (11 mi) (US Census Bureau).
- Nearest smaller towns: Dunreith, IN (8 mi); Wilkinson, IN (10 mi); Shirley, IN (11 mi) (US Census Bureau).
What a personal loan costs in Carthage
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Carthage
The sourced rows below are the rules a licensed lender must follow when lending in Indiana, and therefore in Carthage.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Carthage
Here is a short checklist for comparing personal loans in Carthage:
- 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.