Payday loans in Louisiana: the rules
Research draft — pending verification against the Louisiana Office of Financial Institutions. {{VERIFY}}
Payday lending is legal and regulated in Louisiana.
Deferred presentment and small loans are legal under Louisiana law.
The numbers at a glance
| Status | Legal |
|---|---|
| Maximum amount | $350 |
| Fee / rate limits | 16.75% of face amount (min/max fees apply) |
| Term limits | Up to 30 days |
| Regulator | Louisiana Office of Financial Institutions |
All figures are drafts compiled from public sources and must be confirmed with the regulator before relying on them. State legislatures change these rules — see our state law update tracker.
Payday loans in New Orleans, Baton Rouge, Shreveport and across Louisiana
The same state rules apply whether you're in New Orleans, Baton Rouge, Shreveport, Lafayette or Lake Charles — payday lending in Louisiana is regulated at the state level, so the caps and terms above hold statewide, storefront or online. Online requests like ours reach the same state-licensed lenders that serve every Louisiana ZIP code, without a trip to a storefront. City ordinances can add local rules for storefronts in some states {{VERIFY}} — the loan agreement must follow state law either way.
Free and low-cost help in Louisiana
Before borrowing — or if a loan has already gone wrong — every Louisiana resident can call 211 for emergency rent, utility, food, and medical assistance programs in New Orleans and statewide (what 211 covers). Nonprofit credit counseling is free or low-cost statewide, and complaints about a lender go to the Louisiana Office of Financial Institutions, which also runs the license lookup you should check before signing. See also: how to verify a lender's license.
What a typical loan costs in Louisiana
Louisiana's fee rule (16.75% of face amount (min/max fees apply) {{VERIFY}}) is what your loan agreement has to respect. As a feel for the math: a two-week $300 loan at $15 per $100 costs $45 — about 391% APR — and the same fee structure over 30 days is about 183% APR. Run your own numbers in the cost calculator before you sign anything, and compare it against a pay advance app or credit union small-dollar loan first.
Borrowing here, sensibly
Legal doesn't mean cheap — payday-style credit in Louisiana still typically costs triple-digit APRs. Check the cheaper options first, run the numbers in the cost calculator, and if you do borrow, verify the lender's license with the Louisiana Office of Financial Institutions and never borrow more than your next paychecks can absorb.
Louisiana questions
How much can I borrow in Louisiana?
The state's general limit is $350. Individual lenders may offer less depending on your income and history. Draft figure — verify with the Louisiana Office of Financial Institutions.
What do payday loans cost in Louisiana?
16.75% of face amount (min/max fees apply). Terms typically run Up to 30 days. Your loan agreement must state the exact finance charge and APR before you sign. Draft figures — verify with the Louisiana Office of Financial Institutions.
How do I check whether a lender is licensed in Louisiana?
Search the Louisiana Office of Financial Institutions's license database or call them before you sign anything. Licensed lenders must follow the state's caps and collection rules; unlicensed ones are a major red flag.