Personal loans in Frankton, IN
Frankton, Indiana — home to about 1,792 people — is a small community, so the terms you are offered follow Indiana law rather than any local rule. Frankton ranks 221st of 565 places in Indiana, with a population near 1,792.
Census figures put the 2020-to-2023 increase in Frankton at about 1.1%. For the 1,792 people in Frankton, Indiana runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Rate-shopping from Frankton costs nothing at pre-qualification, where a soft pull leaves your credit file alone. For a bigger market, look to Elwood, IN about 5 miles away.
Frankton: the sourced local profile
Read the local figures below as context; read the sourced Indiana table as the rulebook a lender here must follow.
- Population: about 1,792 people live here, which puts Frankton 221st of 565 Census places in Indiana (Vintage 2023).
- Population trend: Up about 1.1% from the 2020 Census base to the 2023 estimate.
- Net change: roughly 20 more people than the 2020 Census counted.
- Size percentile: about 61% of Indiana communities are smaller than Frankton (1,792 residents).
- Population density: about 1,694 people per square mile (Census land area 1.1 sq mi).
- Land area: Frankton covers 1.1 square miles, the 271st-largest area among Indiana's 565 places.
- Within Indiana: about 0.0% of the state's population lives in Frankton.
- National rank: Frankton is 8,028th of 19,457 places nationwide.
- Growth rank: Frankton's 2020-to-2023 change ranks 167th of 565 places in Indiana.
- Against the state trend: Frankton's 1.1% change compares with a Indiana average of +1.0% across its 565 places.
- Density in Indiana: Frankton ranks 169th by people per square mile.
- Density in context: Frankton's 1,694 people per square mile sit against a Indiana median of 1,375.
- Location: the Census Gazetteer records it at 40.2210, -85.7720.
- Nearest larger cities: Elwood (5 mi); Alexandria (6 mi); Edgewood (8 mi); Anderson (10 mi); Chesterfield (12 mi). Larger metros often have more branches, but online lenders reach Frankton on the same terms.
- Nearest smaller places: Orestes (4 mi); River Forest (8 mi); Country Club Heights (8 mi).
- Smaller neighbours: 101 places smaller than Frankton sit within 50 miles.
- Larger places within 100 miles: 223.
Indiana consumer-lending rules applied in Frankton
Every row below records a Indiana rule, its publisher and its retrieval date — the same rules a Frankton lender must follow.
| 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 |
| 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 |
What shapes a Frankton personal loan
In Frankton, a small community of about 1,792, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Frankton lender to disclose the APR and finance charge before you sign. The term you choose in Frankton decides the split between a comfortable payment and the total interest you pay.
Frankton: area, density and distance
Frankton covers about 1.1 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 1,694 people per square mile. The state's population centre of gravity, Fort Wayne, is roughly 68 miles away. Within 50 miles of Frankton there are 61 larger Census places. The 100-mile radius contains 223 larger places.
Frankton against the rest of Indiana
Frankton is the 221st-largest of 565 Census places in Indiana and contains about 0.0% of the state's people. For population change between 2020 and 2023, Frankton ranks 167th of 565 in Indiana (about the 70th percentile). At about 1,694 people per square mile, Frankton is the 169th most densely settled place in Indiana. The population moved by about 20 people between 2020 and 2023, a 1.1% shift.
Getting a loan in Frankton
At roughly 1,694 people per square mile, Frankton is moderately settled; 61 larger places lie within 50 miles. Distance to a branch rarely matters for Frankton's 1,792 residents: the application is online and the price follows your credit file. The nearest bigger place is Elwood, IN about 5 miles away.
Common questions
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Nearby places
- Orestes, IN — population 338
- Elwood, IN — population 8,423
- Alexandria, IN — population 5,163
- River Forest, IN — population 25
- Edgewood, IN — population 2,058
- Woodlawn Heights, IN — population 88
- Country Club Heights, IN — population 97
- Anderson, IN — population 55,199