Payday Loans Indianapolis- Find a Safe & Quick Cash Advance Today


A roof leak, car trouble, or extra bills crop up when you least expect. Where do you turn for short-term cash in Indianapolis to pay surprise expenses? Unless you have adequate income and a good credit score to qualify for low-interest bank loans, a typical option is to find a payday lender. But payday loans in Indianapolis are an expensive choice.

Many borrowers may think their only choice is a payday loan, but there are alternatives with friendlier interest rates and lower fees. Payday loans in Indiana an APR of more than 300%, way higher than regular loans, and it’s time to consider better options to avoid sinking deeper into debt.

How To Get a Cash Advance in Indianapolis

When you need instant cash in Indianapolis, consider these alternative sources of financing.  


Max Advance Amount: $250

APR: 0%

Credit Affects: None

Instacash from MoneyLion lets you take advances of $250 or less to make ends meet until you receive your paycheck. With a 0% APR, you will have more breathing room when it comes to your finances since you would just pay back what you borrowed.

Instacash does not require a credit check but uses your deposit history to determine your eligibility. By linking the app to your external bank account or RoarMoney account, MoneyLion can check financial factors in your bank account to determine how much you can borrow.

It takes a few minutes to apply for Instacash via the MoneyLion app and there are no processing fees – unless you want expedited delivery. Most Instacash advances would get credited to your RoarMoney account, if you have one, in 48 hours or less. For external bank accounts, delivery time usually takes 3 to 5 days.

When you can’t wait for the regular delivery of the borrowed funds, you can pay a small fee for expedited processing. With the Turbo Delivery option, you should see the money in your account right away.

How to Qualify: 

  • Be 18 years old or older
  • Has a regular source of income and can provide proof of income
  • Owns a bank account that has a positive balance, open for no less than 60 days

In-Person Lender

Payday lenders should be your last choice when looking for a small loan on your paycheck – but here are some costs you can expect if you are considering a payday loan. 

Max Payday Loan Amount: $550 or 20% of your monthly gross income, whichever is less

Maximum APR: 390% 

Credit Affects: Most payday lenders only report missed or late payments to credit bureaus. They don’t pull your credit when you apply for a loan, but they don’t report timely payments either. 

Since Indiana is one of the states where payday lenders can operate, it’s not surprising to find several payday loan storefronts. Payday loans in Indianapolis can be done quickly without running credit checks and you can have up to two payday loans from different lenders.

While Indiana set the criminal loansharking cap at 72% APR, payday loan lenders run mostly by companies outside the state still charge up to 391% for short-term loans. With payday lenders targeting low-income families, it’s easy to fall into a debt trap. In fact, the average borrower takes out eight consecutive loans.  

How to Qualify: 

  • Be 18 years old or older
  • Be a citizen of the United States and provide a driver’s license or any government-issued photo ID
  • Have a verified and regular income stream
  • Have valid savings or checking account
  • Provide an active phone number

Instant Online Loan Options in Indianapolis

The Credit Builder Loan which offers loans at competitive rates while helping you boost your credit score in as little as two months.

Credit Builder Loan

Loan Amount: You could qualify for up to $1,000

Credit Affects: The average Credit Builder Loan user can boost their credit score by 60 points in 60 days!

Monthly Membership: $19.99/ month

MoneyLion’s Credit Builder Loan makes it possible to borrow at low-interest rates even with bad credit or no credit. All you need to do is to sign up for the Credit Builder Loan and pay the monthly fee to access loans of up to $1,000. Users are often able to boost their credit score by up to 60 points.

Under the Credit Builder Loan, MoneyLion will hold a portion of the money you borrowed and deposit it in a Credit Reserve Account. When you’re done paying back the loan, you can access this interest-earning savings account.

How to Qualify:

  • Be 18 years old or older
  • Hold a permanent residence status or be a US Citizen
  • Have a valid social security number
  • Have an active bank account that can make direct deposits

What’s Included?

  • Receive weekly updates on your credit score and financial activity
  • Qualify for a 12-month loan of up to $1,000
  • Start saving with the interest-earning Credit Reserve Account
  • Access to additional Instacash perks
  • Improve your credit score by as much as 60 points in just 60 days.

Comparing Your Cash Advance Loan Options in Indianapolis

Local Payday loans Indianapolis may be the go-to choice for most people in need of cash, but surveying other options could help you find financial assistance you need at a lower cost.

InstacashCredit Builder LoanIn-Person Payday Lender
How Much Can You Borrow?$250$1,000The lesser of $550 or 20% of your gross monthly income
Fees & Interest– Free- 0% APRCompetitive APR, $19.99/month feeUp 390% APR or higher
Impacts Your Credit?NoYes, it builds your credit scoreOnly if you default on your loan
Availability– Mobile Device- Apply any time– Mobile Device- Apply any time-In person 
Wait TimeInstantly*Instantly-Instant access to a check for deposit 
Next StepsSign UpSign Up

Get Instant Cash Without Predatory Payday Loans

Having low credit scores and no access to bank loans should not restrict your options to payday loans in Indianapolis. Payday loan alternatives like Instacash and Credit Builder Loans could help you come up with the money you need without charging exorbitant fees and interest rates.   

MoneyLion helps borrowers struggling with occasional cash shortages. You can even access your paycheck 2 days early after signing up for RoarMoney. Keeping track of your finances has never been easier with the weekly spending reports. 

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