Who regulates auto loans in Indiana?

The Indiana Department of Financial Institutions (DFI) licenses consumer auto lenders under Indiana's Uniform Consumer Credit Code. Visit in.gov/dfi for license verification.

Does Indiana have rate caps on auto loans?

Indiana's Uniform Consumer Credit Code sets rate limits for consumer installment loans including auto loans. Verify current caps with the DFI at in.gov/dfi.

Are manufacturer finance arms regulated in Indiana?

Manufacturer captive finance arms (Ford Credit, GM Financial, Toyota Financial, Honda Financial) are regulated at the federal level and comply with Indiana's consumer lending laws. Their rates are often competitive for prime credit borrowers.

What credit score do I need for an auto loan in Indiana?

Most bank and credit union lenders start at 620 FICO. Indiana's strong employer credit union sector can be competitive for 640–720 FICO borrowers.

How do I protect myself when financing a car in Indiana?

Verify the lender at in.gov/dfi, get pre-approved before dealership visits, and use the CFPB's auto loan resources at consumerfinance.gov/auto-loans/ for guidance on reading your loan contract.

Auto Loans in Indiana

Indiana's manufacturing economy — one of the highest manufacturing-employment shares of any state — means vehicles are essential for shift workers. The Indianapolis and Fort Wayne markets have competitive dealership and credit union sectors; employer-based CUs tied to major auto manufacturers often offer below-market rates.

Current auto loan rate benchmarks

National averages from the Federal Reserve G.19 (live data) — commercial banks, new car loans. Not state-specific rates — not a rate quote. Your actual rate depends on credit score, down payment, vehicle, and lender.

60-Month New Car

7.52%

National avg, commercial banks — February 2026

72-Month New Car

7.55%

National avg, commercial banks — February 2026

Credit Unions

Typically 1–2 pts below banks

NCUA rate comparison →

Illustrative example — not a rate quote or offer

$35,000 loan · 60 months · 7.52% APR (Federal Reserve G.19 (live data) national benchmark)

Est. monthly