North Webster at a glance
- Population: roughly 994 people; 299th of 565 places in Indiana (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 997 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 0.3% below the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 299th-largest of 565 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 47% of places in Indiana are smaller (US Census Bureau).
- Coordinates: 41.3238, -85.6986 (Census Gazetteer, US Census Bureau).
- Nearest larger cities within 120 miles: Syracuse, IN (7 mi); Warsaw, IN (9 mi); Winona Lake, IN (9 mi); Milford, IN (10 mi); Ligonier, IN (11 mi) (US Census Bureau).
- Smaller towns nearby: Cromwell, IN (7 mi); Leesburg, IN (8 mi); Pierceton, IN (9 mi) (US Census Bureau).
What a personal loan costs in North Webster
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Indiana lending rules that apply in North Webster
The Indiana rate caps and licensing rules that reach North Webster are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in North Webster
A few practical steps will make the process in North Webster 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.