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MoneyGeek’s Pick for Best Personal Loan Lender in Indiana: Truist

To help you find the best personal loans in Indiana, MoneyGeek evaluated more than 30 data points to compare different lender options. We explored each lender’s BBB ratings, loan amount, repayment length options, interest rates and other fees. You can also learn about the minimum requirements that you need to get approved.

Additionally, MoneyGeek identified which of these lenders offer the most flexible rates and which ones are best for specific personal loan needs.

Best Overall Personal Loan Lender in Indiana: Truist

  • Truist

    • 8.14% to 18.99%APR Range
    • NoneMinimum Credit Score
    • $3,500 to $50,000Loan Amount Range
    • 6 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Best Personal Loan Lender for Bad Credit in Indiana: Upstart

  • Upstart

    • 3.22% to 35.99%APR Range
    • 300Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds


Best Personal Loan Lender for Good Credit in Indiana: SoFi

  • SoFi

    • 5.74% to 20.28%APR Range
    • 680Minimum Credit Score
    • $5,000 to $100,000Loan Amount Range
    • 12 to 60 monthsRepayment Terms
    • Two DaysTime to Receive Funds


Best Personal Loan Lender for Debt Consolidation in Indiana: Upgrade

  • Upgrade

    • 5.94% to 35.47%APR Range
    • 560Minimum Credit Score
    • $1,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Same DayTime to Receive Funds


Best Personal Loan Lender for Home Improvement in Indiana: Best Egg

  • Best Egg

    • 4.99% to 35.99%APR Range
    • 700Minimum Credit Score
    • $2,000 to $50,000Loan Amount Range
    • 36 to 60 monthsRepayment Terms
    • Next DayTime to Receive Funds

    Best Egg

How to Choose the Best Personal Loan Lender in Indiana for You

In a 2021 Statista Survey, two in three Americans are in debt. The average personal loan debt in Indiana is $13,636. However, this amount varies depending on the person. Your income, credit score and current debts are just some of the factors taken into account when you’re applying for a personal loan. Here are the important steps to follow when applying for a loan:


Ask Yourself the Important Questions

The most important consideration is whether a personal loan works for you. Aside from weighing the benefits and risks of getting a personal loan, it is important to ask the following questions before you apply for a personal loan:

  • How much funding do you need? - Make sure you apply for exactly what you need so you don’t end up with added costs or not enough funds.
  • What is your credit score? - Verify that your credit score is high enough to qualify with the lenders you are considering.
  • Can you afford the monthly payment? - If you can’t afford the monthly payment, taking out a loan might not be the wisest decision financially.
  • How much debt do you already have? - Evaluate if adding more debt to your budget is in your best financial interest.

Do Your Research

When applying for a personal loan in Indiana, you should evaluate interest rates and loan terms, among many other things. Have a grasp of how long you will be paying the loan and determine whether you are ready to commit to the term length. Note that some lenders may perform a hard credit inquiry to determine your risk when inquiring about a personal loan, which could affect your score to some degree.

MoneyGeek’s resources can be useful when conducting your research before you even inquire from lenders. However, exploring your options outside our recommendations allows you to compare more options available to you.



A personal loan takes years to pay off fully. That’s why it’s important to wait at least a day or two before making a decision and be sure that you can commit to it. This gives you time to really evaluate if taking out a loan is the right option for you or if you can pursue other options to meet your financial needs.


Read the Fine Print

Reading the terms and fees included in your monthly payments could help you decide whether you can afford the loan. Once you have settled on a lender, make sure to read the fine print and understand charges like prepayment penalties, early payoff fees, origination fees and more. You might also want to think about how you plan to pay off your loan. Comparing fees from each lender could also save you money in the long run.



When you are 100% confident that a personal loan is right for you and that you understand all the details in your loan package, you can apply for a loan. Note that any lender you choose will require you to provide personal information and other documents during the application process. Though it is much quicker to apply online, calling or visiting the lender could be more secure.

What to Do if You Can’t Get a Personal Loan in Indiana

Depending on the circumstances, you may not be approved for a personal loan. Lenders deny personal loan applications in Indiana for various reasons. Perhaps you have a low or bad credit score or a high debt-to-income ratio. Other times, lenders reject applications if they find that your income might not be enough to settle your monthly payments.

Rather than a personal loan, you may want to consider unsecured business loans or other loan options to fund your business. Taking out a student loan is also another option when looking for financial aid to fund college or post-secondary education.

MoneyGeek recommends calling your lender to ask for specific reasons why your application was declined. This allows you to modify your application if possible or improve it for future loan applications.

If there’s no way to change their mind, you could also apply to a different lender. However, make sure that you have improved whatever factor caused you to be denied in the first place.

Opting for a payday loan is not the smartest choice. These have the highest interest rates and possibly the quickest payback periods.

Frequently Asked Questions About Personal Loans in Indiana

The best personal loans in Indiana depend on your needs and other factors. MoneyGeek answers some frequently asked questions about getting personal loans in Indiana.

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We reviewed more than 30 personal loan lenders using 35+ individual data points across six key categories: loan affordability, accessibility, consumer friendliness, customer service, flexibility and lender transparency.

Within each ranking criteria category, we considered several individual data points that we feel carry the most weight when choosing a personal loan lender. These factors include APR ranges, available loan amount, minimum credit score, minimum income amount, application fees and disbursement time.

Here at MoneyGeek, we value you, the consumer, so we also factor in each lender’s customer support, business ratings and additional features that could make your experience easier and more accessible — like prequalification, payment options and mobile apps.

After careful consideration and calculation, our picks are decided and chosen with your best interest in mind. Our personal loan recommendations and expert tips are meant to help you make the best decision when choosing a lender that meets your needs.


The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.