IN · PROM-NOTE · Updated July 2026 · Free

Indiana Promissory Note PDF

Not Attorney-ReviewedAuthor: Arjun AnnamalaiMethodology: Statutory Verification

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Indiana at a glance: Usury Limit: 21% per year (UCCC maximum) · Governing Law: Ind. Code § 24-4.5-3-201

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Overview

Promissory Notes in Indiana

Indiana usury laws set a maximum interest rate of 8% per year, but consumer loans under the UCCC can charge up to 21% interest.
Key Facts

Indiana Promissory Note — Quick Reference

RequirementIndiana Rule
Usury Limit21% per year (UCCC maximum)
Governing LawInd. Code § 24-4.5-3-201
Legal Requirements

Indiana Legal Requirements

  • Consumer loan interest rates must remain within UCCC parameters.
Governing Laws

Indiana Governing Laws

Ind. Code § 24-4.5-3-201
UCCC Caps
Establishes consumer credit interest rate limits up to 21%.

Read the full text of these laws at Cornell Law School's Indiana legal resources or your state legislature's official website.

Questions & Answers

Indiana Promissory Note — Frequently Asked Questions

What is the maximum interest rate in Indiana?

Under the UCCC, the maximum rate is 21% for standard consumer loans.