Louisiana Short-term Loan Terms and Rules in 2025

Common Capital is a Help Organization dedicated to providing the public with comprehensive, accurate, and accessible online information about payday loans in Louisiana.

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Short-term Loans Terms in Louisiana

Legal Status Legal
Maximum Loan Amount $350
Finance Charges 16.75% of the loan amount
Interest Rate (APR) 391%
Minimum Loan Term Not Specified
Maximum Loan Term Not Specified

Short-term Loan Calculator

$250 Your Loan + $6.73 Your Fee =
$256.73 Total Cost

This loan calculator is provided as an estimator only. The details of your loan will depend on several factors including, but not limited to: loan amount, term, annual percentage rate (APR), fees, the state you live in, and the lender’s conditions. These details vary lender to lender and are subject to change at any time. The details of your loan will be provided to you by your lender.

Top Licensed Short-term Loan Lenders in Louisiana

Discover our carefully curated list of the top licensed payday loan lenders in Louisiana, chosen to provide you with reliable and fast financial solutions for your urgent needs.

Lender
User Ratings
Branches
Cities
Category
Thrifty Loans LLC
User Raiting:
5.00
Branches: 5
Cities: 2
Category: Loan agency
Southern Payday
User Raiting:
5.00
Branches: 2
Cities: 2
Category: Loan agency
Credit Central
User Raiting:
5.00
Branches: 4
Cities: 4
Category: Loan agency
A-1 Quik Cash Advance
User Raiting:
5.00
Branches: 2
Cities: 2
Category: Loan agency
Louisiana Cash Advance
User Raiting:
5.00
Branches: 2
Cities: 2
Category: Loan agency
Advance America
User Raiting:
4.97
Branches: 38
Cities: 33
Category: Loan agency
Money Mart
User Raiting:
4.93
Branches: 3
Cities: 3
Category: Loan agency
Wallace Finance
User Raiting:
4.90
Branches: 3
Cities: 3
Category: Loan agency
Franklin Financial
User Raiting:
4.86
Branches: 19
Cities: 19
Category: Loan agency
LendNation
User Raiting:
4.85
Branches: 4
Cities: 3
Category: Loan agency
Cash Cow
User Raiting:
4.83
Branches: 14
Cities: 13
Category: Loan agency
World Finance
User Raiting:
4.82
Branches: 36
Cities: 33
Category: Loan agency
Mariner Finance
User Raiting:
4.80
Branches: 5
Cities: 5
Category: Loan agency
State Finance
User Raiting:
4.80
Branches: 3
Cities: 3
Category: Loan agency
Harrison Finance Co
User Raiting:
4.80
Branches: 2
Cities: 2
Category: Loan agency
ACE Cash Express
User Raiting:
4.77
Branches: 32
Cities: 19
Category: Loan agency
Approved Cash
User Raiting:
4.74
Branches: 5
Cities: 5
Category: Loan agency
Alexander Financial Services
User Raiting:
4.70
Branches: 2
Cities: 2
Category: Loan agency
Quick Cash
User Raiting:
4.65
Branches: 2
Cities: 2
Category: Loan agency
Southland Finance Co
User Raiting:
4.47
Branches: 10
Cities: 10
Category: Loan agency
American Cash Advance
User Raiting:
4.43
Branches: 41
Cities: 37
Category: Loan agency
Mark Credit | Personal Loans for Bad Credit
User Raiting:
4.35
Branches: 2
Cities: 2
Category: Loan agency
Check Into Cash
User Raiting:
4.31
Branches: 20
Cities: 18
Category: Loan agency
Security Finance
User Raiting:
4.30
Branches: 35
Cities: 32
Category: Loan agency
OneMain Financial
User Raiting:
4.30
Branches: 4
Cities: 4
Category: Loan agency
Easy Money EMG
User Raiting:
4.07
Branches: 17
Cities: 14
Category: Loan agency
All-State Credit Plan, LLC
User Raiting:
4.00
Branches: 2
Cities: 2
Category: Loan agency
Deep South Financial Services Inc
User Raiting:
4.00
Branches: 4
Cities: 4
Category: Loan agency
E Z Cash
User Raiting:
4.00
Branches: 4
Cities: 3
Category: Loan agency
Courtesy Loans
User Raiting:
3.83
Branches: 6
Cities: 6
Category: Loan agency
First Choice Payday Loan
User Raiting:
3.77
Branches: 3
Cities: 3
Category: Loan agency
Cash 2 U
User Raiting:
3.40
Branches: 6
Cities: 6
Category: Loan agency
Express Loans Of America
User Raiting:
3.40
Branches: 8
Cities: 7
Category: Loan agency
Paycheck Loans
User Raiting:
3.40
Branches: 3
Cities: 3
Category: Loan agency
Republic Finance
User Raiting:
3.05
Branches: 2
Cities: 2
Category: Loan agency
1st Heritage Credit
User Raiting:
3.05
Branches: 3
Cities: 3
Category: Loan agency
Smart Money Financial Center
User Raiting:
3.00
Branches: 9
Cities: 9
Category: Loan agency
Deep South Financial Services
User Raiting:
3.00
Branches: 4
Cities: 3
Category: Loan agency
Tower Loan
User Raiting:
2.78
Branches: 49
Cities: 47
Category: Loan agency
Your Credit
User Raiting:
1.00
Branches: 2
Cities: 2
Category: Financial institution

Louisiana Short-term Loan Regulations

In Louisiana, the regulations for payday loans are outlined in the Louisiana Deferred Presentment and Small Loan Act. This act specifies that payday loans cannot exceed $350, and the loan term is limited to a maximum of 30 days. The law also limits borrowers to a total of $350 in payday loans at any one time and prohibits the rollover or renewal of these loans, a measure aimed at preventing consumers from entering a cycle of debt. Lenders are required to provide clear and transparent terms, including all applicable fees and charges.

On the federal level, payday lenders in Louisiana must adhere to the Truth in Lending Act, which mandates lenders to disclose the terms of the loan, including the finance charge and the annual percentage rate (APR). Additionally, the Fair Debt Collection Practices Act governs the practices of debt collectors, prohibiting abusive, deceptive, and unfair collection practices. These federal regulations, combined with Louisiana's state laws, provide comprehensive protection for consumers in the payday lending market.

What Are the Alternatives for Short-term Loans in Louisiana?

When searching for alternatives to payday loans, residents have several options to consider. These include installment loans, which offer structured repayment plans, and personal loans, providing flexibility and potentially lower interest rates. Exploring these alternatives can help borrowers manage their finances more effectively and avoid the high costs associated with payday lending.

Guaranteed Installment Loans

In Louisiana, guaranteed installment loans offer a structured repayment plan, ideal for those needing predictable monthly payments. Unlike payday loans, these require a credit check and proof of income but offer longer terms and potentially lower interest rates, suitable for managing larger expenses or consolidating debts in the Pelican State.

Fast Title Loans

Fast title loans provide Louisianians with immediate funding using their vehicle as collateral. Different from payday loans, they require ownership of a car but can offer larger loan amounts based on the vehicle's value, providing a quick solution for urgent cash needs without the stringent credit checks of traditional loans.

Emergency Loan without a Bank Account

For residents of Louisiana without traditional banking, an emergency loan without a bank account offers a vital option. These loans, distinct from typical payday lending, don't always require a checking account for approval, making them ideal for those facing unexpected expenses but lacking standard banking services.

Debt Consolidation Loan

A debt consolidation loan in Louisiana is designed to combine multiple debts into a single, manageable loan. Unlike payday loans services, it offers longer repayment terms and potentially lower interest rates, making it an excellent strategy for Louisianians looking to streamline their finances and reduce overall debt costs.

Instant Personal Loans

Instant personal loans in Louisiana provide quick financial relief, often with same-day approval. Unlike cash advances, they may require a credit check but offer more flexibility in loan amounts and repayment terms, making them an ideal solution for immediate personal financial needs.

Cash Loans with No Credit

In Louisiana, cash loans with no credit cater to individuals without a strong credit history. Unlike traditional payday loans, these loans don't always require a credit check, making them accessible to a wider range of people in need of immediate cash but with limited credit options.

Bad Credit Loans

Bad credit loans in Louisiana offer individuals with poor credit scores a chance to borrow, despite past financial challenges. Different from typical payday loans, these loans may have more favorable terms and focus on the borrower's ability to repay, providing a valuable opportunity for those aiming to rebuild their credit history.

Quick P2P Loans

Quick P2P (peer-to-peer) loans in Louisiana connect borrowers directly with individual lenders, bypassing traditional financial institutions. These loans differ from standard payday loans by offering potentially lower interest rates and more flexible terms, appealing to those in Louisiana seeking alternative lending options outside of conventional banking systems.

How to Get a Short-term Loan with Bad Credit?

Easy Steps to Get Payday Loans With Bad Credit in Louisiana

In Louisiana, managing financial challenges with a less-than-ideal credit score is possible through payday loans. The process is straightforward, involving minimal paperwork. Begin by finding a reputable payday lender and completing their application, which requires personal and financial information. Approval typically hinges on your income and ability to repay, rather than your credit score. Once approved, you can access the funds within hours, addressing your financial emergencies promptly.

Requirements to Get Paycheck Loans With Low Credit Score

Louisiana payday loans are accessible, even for those with a low credit score. Qualification usually requires Louisiana residency, a stable income, a valid ID, and an active checking account. These criteria are less stringent than those for traditional loans, making payday loans a practical choice for many facing unforeseen expenses. While payday loans can be a useful financial tool, it's crucial to use them responsibly and ensure timely repayment to avoid additional fees and financial stress.

Basic Information about Louisiana State

Metrics
Value
State Capital
Baton Rouge
Population
Approximately 4.7 million (as of 2021)
Location
Louisiana is located in the southeastern region of the United States, known for its vibrant culture, bayous, and Creole cuisine.
Largest City by Population
New Orleans
Biggest National Parks
Jean Lafitte National Historical Park and Preserve, Kisatchie National Forest, Cane River Creole National Historical Park

Submit a Complaint Against a Lender in Louisiana

If you need to submit a complaint against a payday lender in Louisiana, the primary regulatory body is the Louisiana Office of Financial Institutions. They ensure compliance with state laws governing payday loans. You can reach them at:

  • Louisiana Office of Financial Institutions, P.O. Box 94095, Baton Rouge, LA 70804-9095
  • (225) 925-4660
Submit a Complaint

FAQ

Are Payday Loans Legal in Louisiana?

Yes, payday loans are legal in Louisiana, but they are regulated by the state to ensure consumer protection. The Louisiana Office of Financial Institutions oversees and enforces regulations related to payday lending to prevent predatory practices.

Can Payday Loan Debt Be Forgiven?

Payday loan debt can be challenging to manage, and complete forgiveness is not common. However, borrowers facing difficulties can explore options like debt management plans or repayment arrangements with the lender to make the process more manageable.

Can You Get a Payday Loan Without a Bank Account?

Obtaining a payday loan in Louisiana typically requires having a bank account. Lenders use bank accounts for loan disbursement and collection of repayments. While some alternative lenders may offer payday-like loans without a bank account, they often come with higher fees and risks.

Are Payday Loans Fixed or Variable?

Payday loans in Louisiana typically involve fixed fees, meaning the cost of borrowing remains consistent throughout the loan term. However, the annual percentage rate (APR) can vary depending on the loan amount and term. It's crucial to understand the terms before borrowing.

Is a Payday Loan Secured or Unsecured?

Payday loans in Louisiana are unsecured loans, which means they do not require collateral. Approval for a payday loan is primarily based on the borrower's income and employment status. Unlike secured loans, such as car title loans, payday loans do not put assets at risk.

How Long Do Payday Loans Stay in the System?

Information about payday loans can remain in the financial system for several years. Late payments or defaults on payday loans may be reported to credit bureaus, impacting your credit score and making it more challenging to secure new loans in the future. Timely repayment is crucial to avoid long-term consequences.

Louisiana Short-term Loans Near Me

Abbeville Abita Springs Albany Alexandria Amite City Anacoco Angola Arabi Arcadia Arnaudville Athens Baker Baldwin Ball Barksdale Afb Basile Bastrop Baton Rouge Belle Chasse Belle Rose Benton Bernice Berwick Blanchard Bogalusa Bossier City Bourg Boutte Breaux Bridge Bridge City Broussard Brusly Bunkie Calhoun Cameron Campti Cane Carencro Carville Chalmette Charenton Chase Chatham Chauvin Cheneyville Choudrant Church Point City Clinton Cloutierville Colfax Columbia Convent Converse Cotton Valley Cottonport Coushatta Covington Crowley Cullen Cut Off Delcambre Delhi Denham Springs Dequincy Deridder Des Allemands Destrehan Deville Donaldsonville Dry Prong Dubach Edgard Effie Elmwood Elton Epps Erath Eunice Farmerville Ferriday Florien Fluker Forest Hill Fort Polk South Franklin Franklinton Frierson Galliano Garyville Geismar Gibsland Gilbert Glenmora Gloster Golden Meadow Gonzales Gramercy Grand Cane Grand Coteau Grayson Greensburg Greenwel Spgs Greenwell Springs Greenwood Gretna Grosse Tete Gueydan Hackberry Hahnville Hammond Harahan Harvey Haughton Haynesville Hessmer Hineston Hodge Homer Houma Independence Iowa Jackson Jeanerette Jefferson Jena Jennings Jonesboro Jonesville Junction City Kaplan Keachi Keithville Kenner Kentwood Killona Kinder Krotz Springs Labadieville Lacassine Lafayette Lake Arthur Lake Charles Lake Providence Laplace Larose Lawtell Lecompte Leesville Leonville Livingston Lockport Logansport Loranger Loreauville Luling Lutcher Madisonville Mamou Mandeville Mangham Mansfield Mansura Many Maringouin Marksville Marrero Maurepas Maurice Meraux Mermentau Merryville Metairie Minden Monroe Montpelier Moreauville Morgan City Moss Bluff Napoleonville Natchitoches New Iberia New Llano New Orleans New Roads Newellton Norco Oak Grove Oakdale Oberlin Oil City Olla Opelousas Orleans Paincourtville Patterson Paulina Pearl River Pierre Part Pine Prairie Pineville Plain Dealing Plaquemine Plattenville Plaucheville Pleasant Hill Ponchatoula Port Allen Port Barre Port Sulphur Port Vincent Prairieville Raceland Rayne Rayville Reserve Ringgold River Ridge Robeline Rosepine Rouge Ruston Scotlandville Scott Shreveport Sicily Island Simmesport Simsboro Slaughter Slidell Springfield Springhill Springs St Amant St Bernard St Francisville St Gabriel St Martinville St Rose Stonewall Sulphur Sunset Tallulah Terrytown Thibodaux Tullos Vacherie Vidalia Ville Platte Vinton Vivian Walker Washington Welsh West Monroe Westlake Westwego White Castle Winnfield Winnsboro Youngsville Zachary Zwolle