Indiana small loan lender bonds.
From $100.
Indiana's Department of Financial Institutions licenses small loan lenders, and the application rides on a surety bond of $50,000 for each location where small loans will be made, up to a $200,000 maximum, on the DFI's own form under IC 24-4.5-7-413. Ours is 1% of the bond amount, $100 minimum.
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How much does an Indiana small loan lender bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Small loan license bonds are among the simplest filings in surety. Here's the entire process:
Apply online
Business details, your bond amount, your county, an effective date, and a term. That is the application. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount, priced at checkout — the bond issues the moment you pay, and your executed bond and power of attorney generate on the spot.
File with the DFI
The bond must accompany your small loan license application, so your executed bond and power of attorney arrive by email ready to submit to the Department of Financial Institutions. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Indiana regulates small loans under IC 24-4.5-7 of the Uniform Consumer Credit Code, and the Department of Financial Institutions will not license a lender without a surety bond — $50,000 for each location where small loans will be made, up to a maximum of $200,000, filed on the DFI's own bond form with the license application.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Indiana, Department of Financial Institutions (the obligee). The bond secures the expenses, fines, and fees the DFI levies, amounts due under a final judgment or order, and losses the DFI determines a borrower incurred from your failure to comply with Indiana law, including the IUCCC.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is continuous until released by the DFI and must remain in effect for two years after you cease Indiana operations, so it has to stay on file; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the DFI. The bond must accompany your small loan license application, so your executed bond and power of attorney arrive by email ready to submit to the Department of Financial Institutions. Wet-ink original mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Indiana mortgage license bonds.
We write 5 mortgage license bonds in Indiana. Each license has its own bond, amount and price; pick the one your license calls for.
| License bond | Required by | Bond amount | Price |
|---|---|---|---|
| Loan Broker Bond ($60,000) | IC 23-2.5-4-12 | $60,000 | $360 |
| Exempt Company Registration Bond — CUSO ($100,000) | IC 24-4.4-2-402.3 | $100,000 | $600 |
| Exempt Company Registration Bond ($100,000) | IC 24-4.5-3-503.3 | $100,000 | $600 |
| Mortgage Lender Bond ($100,000) | IC 24-4.4-2-402.3 | $100,000 | $600 |
| Small Loan Lender Bond (this page) | IC 24-4.5-7-413 | Varies | From $100 |
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Finish your small loan license today.
1% of the bond amount, $100 minimum, issued the moment you pay, no credit check up to $25,000. Free until issued.