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Payday Loans in Louisiana

There are very few restrictions on payday loans in Louisiana. Borrowers can have as many loans as they want and they can take out one loan to pay off another, subject to another fee.

  • Maximum loan amount: $350
  • Minimum loan term: 14 days
  • Maximum APR: Maximum $30 per $100 borrowed/2 weeks, APR of 780%
  • Rollovers: No rollovers allowed

Legal Framework for Payday Lending in Louisiana

Regulating the fine line of payday lending in Louisiana is the 2013 Louisiana Laws Revised Statutes.

We at PayDayAllDay strongly suggest our consumers to do their research, and carefully analyze and compare the terms of services, rates, fees, and other conditions offered by several lenders before engaging in any borrowing activity.