Saltillo at a glance
- Population: 98 — 544th in Indiana, which has 565 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 93 residents here (US Census Bureau).
- 2020 to 2023 change: about 5.4% growth over the 2020 Census base (US Census Bureau).
- Rank among Indiana places: 544th of 565 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 4% of the places in Indiana (US Census Bureau).
- Coordinates: 38.6652 / -86.2975, per the US Census Bureau Gazetteer.
- Nearest larger cities: Campbellsburg, IN (2 mi); Orleans, IN (8 mi); Mitchell, IN (11 mi); Salem, IN (12 mi); Paoli, IN (12 mi) — straight-line distances, US Census Bureau populations.
- Smaller places nearby: Alfordsville, IN (36 mi); New Middletown, IN (37 mi); Alton, IN (38 mi), per US Census Bureau estimates.
What a personal loan costs in Saltillo
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
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 Saltillo
Read the table as the compliance picture for a lender serving Saltillo: label, sourced figure, publisher and date.
| 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 Saltillo
A few practical steps will make the process in Saltillo 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.