Personal loans in Mount Carmel, IN
If you are weighing a personal loan in Mount Carmel, start from the payment you can carry; its 79 residents face the same statewide rules. Mount Carmel is one of 565 Census places in Indiana; its 79 residents put it at 551st.
Mount Carmel added about 1.3% to its population between the 2020 base and the 2023 estimate. Every figure below is Indiana's own, applied to Mount Carmel's 79 residents, with the publisher and retrieval date attached. Compare APR, not the interest rate, because the APR folds in most fees on a Mount Carmel loan. The nearest larger city is Cedar Grove, IN about 5 miles away.
Where Mount Carmel stands
Here is the sourced Census picture for Mount Carmel, plus the Indiana lending rules that apply to a loan taken out here.
- Population: 79 people, a figure that places Mount Carmel 551st among the 565 Census places in Indiana (US Census Bureau, Vintage 2023).
- Population trend: About 1.3% above the 2020 Census base.
- Change in people: the 2020-to-2023 comparison is a gain of about 1 residents.
- Size percentile: roughly 2% of Indiana places rank below Mount Carmel.
- Population density: about 1,795 people per square mile across 0.0 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area: Mount Carmel covers 0.0 square miles, the 563rd-largest area among Indiana's 565 places.
- Share of state population: Mount Carmel's 79 residents are about 0.0% of Indiana.
- Nationally: Mount Carmel is the 18,503rd-largest of 19,457 Census places in the dataset.
- Growth rank: Mount Carmel's 2020-to-2023 change ranks 150th of 565 places in Indiana.
- State comparison: Indiana's places average +1.0% for 2020-to-2023, against Mount Carmel's 1.3%.
- Density rank: Mount Carmel places 135th among Indiana's places by people per square mile.
- Density vs Indiana: Mount Carmel's 1,795 people per square mile compare with a state median of 1,375.
- Location: 39.4074, -84.8755 (US Census Bureau Gazetteer).
- Nearest larger cities: Cedar Grove (5 mi); Brookville (7 mi); St. Leon (9 mi); Oxford (10 mi); West Harrison (11 mi). A branch is convenient; it is not what sets your APR.
- Smaller towns nearby: Whitewater (37 mi); Brooksburg (50 mi); Chilo (58 mi).
- Smaller places within 50 miles: 1 of them.
- Within 100 miles: 654 places are larger than Mount Carmel.
Where Mount Carmel sits
Mount Carmel covers about 0.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. With 79 residents, the land area yields roughly 1,795 people per square mile. Fort Wayne, the largest place in Indiana, is about 117 miles from Mount Carmel. Counting outward 50 miles, 218 larger communities surround Mount Carmel. Within the same 50 miles lie 1 smaller Census places.
Where Mount Carmel sits in Indiana
Within Indiana, Mount Carmel holds roughly 0.0% of all residents, the 551st-largest share among 565 places. For population change between 2020 and 2023, Mount Carmel ranks 150th of 565 in Indiana (about the 73th percentile). At about 1,795 people per square mile, Mount Carmel is the 135th most densely settled place in Indiana. By land area, its 0.0 square miles rank 563rd of 565 places in Indiana.
Getting a loan in Mount Carmel
With about 1,795 residents per square mile, Mount Carmel is moderately settled, and 218 larger Census places sit within 50 miles. Lenders licensed in Indiana reach Mount Carmel's 79 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Cedar Grove, IN about 5 miles away.
Which Indiana laws govern a loan in Mount Carmel
This table holds the Indiana rate and licensing rules for consumer loans made to Mount Carmel's 79 residents.
| 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 / 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 |
| 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 |
What shapes a Mount Carmel personal loan
A Mount Carmel personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 79 residents. Because pricing is borrower-level, two people in Mount Carmel can be quoted different APRs on the same amount and term. The term you choose in Mount Carmel decides the split between a comfortable payment and the total interest you pay.
Common questions
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Nearby places
- Cedar Grove, IN — population 147
- Brookville, IN — population 2,643
- St. Leon, IN — population 665
- West Harrison, IN — population 334
- Oxford, OH — population 22,340
- West College Corner, IN — population 534
- College Corner, OH — population 392
- Harrison, OH — population 13,320