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Payday Loans in Louisiana

Louisiana payday loans are in demand because they assist the underserved people who have no other options or have credit problems. In emergency situations, there may be many reasons to request an online payday loan in Louisiana. Payday loans can help you solve a cash shortage until your next paycheck.

What are Louisiana payday loans?

Louisiana online payday loans are simple loans that most people can qualify for even if they have poor or bad credit. These loans are fee-based loans with fixed fees based upon the loan amount.

Whether you live in Baton Rouge, New Orleans, Lafayette, Alexandria, Monroe, Hammond, Houma, Pineville, Slidell, Ruston, West Monroe, Lake Charles, Bossier City, Covington, Metairie, Gonzales, or elsewhere in the state, you can go online 24/7 and request a loan.

What are the reasons to get payday loans?

You probably already know that your bank will not give you a loan. Traditional lenders take a lot of time to review and process loans, and you must have good credit to qualify. Payday loans are fast and do not require hard credit checks.

You can use your online payday loan to cover any emergency expenses, including utilities, rent, medical expenses, auto repairs, and groceries. These are some of the most common reasons you may need a payday loan. About half of all Americans use small cash advance loans to handle their emergency cash needs.

You may need to urgently pay an overdue bill like a credit card payment or electric bill. You probably cannot or do not want to borrow from your relatives and friends. You may have tried the yard sale idea and have struggled to find additional work to pay your immediate expenses.

What are the benefits of getting online payday loans in Louisiana?

  • Easy, secure loan request form to complete. It takes but a few minutes to complete and submit. When every second counts, waiting for weeks to hear back from your bank is not an option.
  • Fast approval. Once you complete and submit your loan request form, you get an answer in 90 seconds or less. And more than 80% of all submissions are approved. No matter where you live if you meet the basic criteria, you could have money in the bank in 1 business day.
  • Apply from anywhere on your smartphone. Why drive around looking for a storefront and waste time and gas money. And we will get your request in front of 120+ direct payday lenders immediately, which increases your odds of approval.
  • Simple loan agreements. Our direct lenders, licensed in the state, have simple and straightforward agreements. They also answer all your questions before you accept any loan offer, so you know exactly what you will pay and when it is due.

Regulations for payday loans in Louisiana (LA)

The basic regulations are:

  • The Maximum Loan Amount allowed is $350
  • Minimum Loan Term - Not Specified but generally 1 week
  • Maximum Loan Term - 30 days
  • No rollovers are allowed
  • Loan fees are $20 per $100 borrowed

What do you need to apply for a payday loan?

Requesting a payday loan is a short, simple, and secure process. The basic requirements are much the same nationwide. Here are the most important criteria you should be aware of:

  • You must be at least 18 years old or over.
  • You must be a legal resident of Louisiana. You will need to provide ID that you are a citizen or legal resident.
  • You need a current source of income of at least $1,000 per month.
  • You need a working phone number (cell is fine) and a valid email.
  • You need a bank account, so your lender can deposit your loan if approved.

Your lender will notify you of any other information or questions they have and will be connected directly to you if your loan request is approved. You are not obligated to accept any loan offer.

Why select CashOne for online payday loans in LA?

Choose CashOne for your online payday loan in LA. We have been in business for almost 20 years and served more than 500,000 Americans coast-to-coast. We are open 24/7 and 365 days a year for you. We do all we can to get your loan request approved!

Payday Loans in Louisiana (LA) FAQs

How many payday loans can I have in LA?

You can only have 1 payday loan at a time. You may be able to extend or rollover your loan if you find it will be difficult to pay on time, but this is not recommended unless you have no other options.

Can I go to jail for unpaid loans in Louisiana?

No, you cannot go to jail for unpaid loans in Louisiana. This is true nationwide and not just in the state. You can be taken to civil court to recover the loan and any penalties associated with it. But criminal charges cannot be filed against you.

What is the maximum interest rate allowed for a payday loan in LA?

Louisiana payday loans are loans with fixed fees per loan. The loan fees are $1 per every $5 you borrow or $20 per $100 borrowed.

For example, if you get a 14 day for $100, the maximum annual percentage rate you can expect is 309%. However, APR is not a good measure since these are not long-term or annual loans but short-term ones. Focus on the fee you will be charged and be sure you can repay your loan plus the fee when it is due. The term length of payday loans in Louisiana varies from one week to 31 days.

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