IN small loan lender bonds.
1% rate, $100 minimum.
Indiana's Department of Financial Institutions licenses small loan lenders under IC 24-4.5-7, and the application rides on a surety bond — $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, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
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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 entire application — any credit screen is a soft pull that never shows as a hard inquiry.
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
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Indiana bonds.
Finish your small loan license today.
1% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.