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Payday Loans in Louisiana

Compare licensed lenders • Check LA regulations • Apply online

Last updated: June 2026

Max Loan
$350
Cities Covered
0
Legal Status
Legal
Population
4,657,757

Louisiana Payday Loan Regulations

Max Loan Amount:$350
Max Term:30 days
Typical APR:391%
Cooling-Off:None
Rollover Allowed:Yes

Payday loans in Louisiana are regulated by OFI. Maximum $350 with typical APR 391%.

Important: This information is current as of February 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

About Payday Loans in Louisiana

Payday loans in Louisiana are regulated by OFI. Maximum $350 with typical APR 391%.

Louisiana is located in the South region of the United States with a population of 4,657,757.

Key Regulations:

  • Maximum APR: 391%
  • Maximum loan amount: $350
  • Maximum term: 30 days
  • Rollovers allowed
  • Regulated by Louisiana Office of Financial Institutions

Regulatory Authority: Louisiana Office of Financial Institutions
Official Website: https://ofi.la.gov/

Representative Example APR in Louisiana

Payday and small-dollar loan costs vary by lender, amount, and state rules. The example below shows how fees can translate into APR on a short-term loan.

Loan amount Term Fee per $100 Total repayment Equivalent APR
$500 14 days $15 $575 391%

Example only. Actual APR and total repayment in Louisiana depend on lender pricing, term length, and state compliance limits.

Cities in Louisiana

Browse all 0 city pages in Louisiana

Frequently Asked Questions – Louisiana

Are payday loans legal in Louisiana?
Yes, payday loans are legal in Louisiana. The state is regulated by the Louisiana Office of Financial Institutions, which oversees all payday lenders. Payday loans in Louisiana are regulated by OFI. Maximum $350 with typical APR 391%.
What is the maximum payday loan amount in LA?
The maximum payday loan amount in Louisiana is $350. Finance charges are capped at Varies by lender. Always verify with your lender before applying.
How long do I have to repay a payday loan in Louisiana?
In Louisiana, payday loans typically have a maximum term of 30 days. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in LA?
Payday loans in Louisiana are regulated by OFI. Maximum $350 with typical APR 391%.
How do I find licensed payday lenders in Louisiana?
All payday lenders in Louisiana must be licensed by the Louisiana Office of Financial Institutions. You can verify a lender's license at https://ofi.la.gov/. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in LA?
Most Louisiana payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Louisiana?
In Louisiana, the maximum APR is 391%. Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in LA?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

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Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Louisiana may change. Always verify current regulations with the Louisiana Office of Financial Institutions before applying. Credizen is a comparison platform and we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you are matched with.

Methodology

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