Evansville at a glance
- Population: 115,332 people, the 2nd-largest place among Indiana's 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 117,292 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population fell about 1.7% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Indiana places: the 2nd-largest of 565 (US Census Bureau, 2023 estimate).
- Size percentile: ahead of around 99% of Indiana places in population terms (US Census Bureau).
- Coordinates: 37.9877, -87.5347 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Clarksville, TN (99 mi) (US Census Bureau populations).
- Nearest smaller communities: Darmstadt, IN (8 mi); Newburgh, IN (8 mi); Chandler, IN (9 mi) (Census populations).
What a personal loan costs in Evansville
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Indiana lending rules that apply in Evansville
The Indiana rate caps and licensing rules that reach Evansville are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Evansville
The steps below are worth completing first when you borrow in Evansville:
- 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.