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.
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.