Louisiana Payday Loans

What Are Louisiana Payday Loans?

Need quick cash between paychecks? Louisiana payday loans let you borrow $50-$350 to handle surprise expenses. These short-term loans bridge the gap until payday, with state rules in place to protect borrowers.

Definition and Purpose

A Louisiana payday loan gives you fast cash when you're in a tight spot. You can get $50 to $350 to cover things like an unexpected car repair, medical bill or utility payment that can't wait. Louisiana keeps things fair with a $350 borrowing limit and caps fees at 16.75% of what you borrow. The money helps you handle emergencies without waiting for your next paycheck.

How They Work

Getting a Louisiana payday loan is straightforward. Show your ID, proof you've got income coming in and an active bank account. Most lenders put cash in your account right away after approval. The loan gets paid back automatically when your next paycheck hits your account. Louisiana lets you roll over a loan once if needed but watch out - you'll pay extra fees. Your best bet is paying on time to skip those extra charges.

Apply for a Louisiana Payday Loan With LendUp

Skip the Louisiana traffic and bank lines. LendUp offers a quick online alternative to traditional payday loan stores by connecting you with local direct lenders. The application takes about 5 minutes right from your phone or computer. You'll get an instant decision and if approved funds can hit your account on the same or the next business day.

Check Eligibility

To get a Louisiana payday advance you need to:

• Be 18 or older
• Have a current Louisiana ID or driver's license
• Show steady income (job, benefits or other sources)
• Own a checking account that's been open 30+ days
• Not be in bankruptcy or planning to file
• Have a Social Security number or Tax ID

Income Requirements:

• Regular money coming in that we can verify
• Monthly income around $800-$1000 depending on the loan
• Proof you can handle the payments

Interest Rates and Fees

Louisiana lenders charge $20 in fees per $100 borrowed on payday loans with a 521% APR. Here's what you'll pay:

Loan Amount	Fee	Total Repayment
$100	$20	$120
$200	$40	$240
$300	$60	$360

You should also know about these extra charges:

• NSF check fee: $25
• Paperwork fee: $10
• Late payment fee: up to $15

Local Payday Loan Services in Louisiana

ACE Cash Express, World Finance and Advance America offer cash advances across Louisiana. You'll find their storefronts in Baton Rouge, Metairie, New Orleans, Lafayette and other cities making it easy to get quick funds when you need them. You can approach each local lender directly or save time and use LendUp.

Need help? These lenders have phone support ready to answer your questions about getting a loan.

Frequently Asked Questions