Personal loans in McCordsville, IN
McCordsville, Indiana — home to about 11,273 people — is a small town, so the terms you are offered follow Indiana law rather than any local rule.
Consumer lending that reaches McCordsville's 11,273 residents is governed by Indiana statute; no city ordinance changes it. With 11,273 residents, McCordsville outranks about 87% of the communities in Indiana. If debt is already a strain, a nonprofit credit counsellor can help McCordsville residents before they take on more. The 2020 count to the 2023 estimate shows about 27.9% growth in McCordsville. The next larger city is Lawrence, IN about 4 miles away.
Borrowing in McCordsville: the local picture
Here is the sourced Census picture for McCordsville, plus the Indiana lending rules that apply to a loan taken out here.
- Population: an estimated 11,273 residents, 76th of 565 places in Indiana (Census Vintage 2023 subcounty estimate).
- Population trend: A gain of roughly 27.9% between 2020 and 2023.
- People gained or lost: about 2,459 more since the 2020 base.
- Size percentile: about 87% of Indiana's Census places are smaller than McCordsville.
- Population density: about 1,346 people per square mile across 8.4 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area rank: McCordsville's 8.4 square miles rank 71st of 565 places in Indiana.
- Water area: McCordsville has 0.06 square miles of water, ranking 95th of 565 places in Indiana.
- Share of state population: McCordsville's 11,273 residents are about 0.3% of Indiana.
- National rank: McCordsville is 2,879th of 19,457 places nationwide.
- Growth rank: McCordsville ranks 4th among Indiana's 565 places for the 2020-to-2023 change.
- State comparison: Indiana's places average +1.0% for 2020-to-2023, against McCordsville's 27.9%.
- Density rank: McCordsville is the 290th most densely settled place in Indiana.
- Density in context: McCordsville's 1,346 people per square mile sit against a Indiana median of 1,375.
- Location: coordinates 39.8973, -85.9174 (US Census Bureau Gazetteer).
- Nearest larger cities: Lawrence (4 mi); Fishers (5 mi); Greenfield (11 mi); Noblesville (11 mi); Carmel (13 mi). Living near a larger metro rarely changes what is available in McCordsville.
- Smaller places close by: Fortville (4 mi); Ingalls (7 mi); Cumberland (8 mi).
- Within a 50-mile radius: 131 smaller Census places.
- Within 100 miles: 84 places are larger than McCordsville.
Lender access in McCordsville
McCordsville is a moderately settled community of about 11,273 people, with 29 larger places inside a 50-mile radius. What is available to McCordsville's 11,273 borrowers is set by Indiana licensing and your own credit, not by how many branches are nearby. The nearest larger city, Lawrence, IN about 4 miles away.
Which Indiana laws govern a loan in McCordsville
For the roughly 11,273 residents of McCordsville, the rules below are Indiana's own; each row carries its publisher and retrieval 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 |
| 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 |
Where McCordsville sits
Inside McCordsville's boundaries lie roughly 8.4 square miles of land and 0.06 square miles of water. Spread across it are roughly 1,346 residents per square mile. The largest place in Indiana, Fort Wayne, lies about 92 miles away. McCordsville has 29 larger places within a 50-mile radius. By land area it ranks 71st of 565 Indiana places.
McCordsville in state context
Within Indiana, McCordsville holds roughly 0.3% of all residents, the 76th-largest share among 565 places. Its 2020-to-2023 change ranks 4th of 565 Indiana places, putting it near the 99th percentile for growth. At about 1,346 people per square mile, McCordsville is the 290th most densely settled place in Indiana. In land area, McCordsville ranks 71st among Indiana's 565 places.
What shapes a McCordsville personal loan
With roughly 11,273 residents, McCordsville is a small town; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving McCordsville's 11,273 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a McCordsville loan but raises total interest, so the smallest payment is not the cheapest loan.
Common questions
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Nearby places
- Fortville, IN — population 4,814
- Lawrence, IN — population 49,235
- Fishers, IN — population 104,094
- Cumberland, IN — population 6,419
- Ingalls, IN — population 2,602
- Spring Lake, IN — population 211
- Lapel, IN — population 2,390
- Noblesville, IN — population 73,916