Your one-stop guide to bad credit loans and help in your state.
MenuClose

Payday loans in Louisiana

Payday loans for bad credit in Louisiana

Payday loans are allowed in Louisiana from state-licensed lenders (Deferred Presentment and Small Loan lender license). Here are the limits Louisiana law sets, what a typical loan can cost, and where to get free help if you need it.

Check your options

BadCreditMD is not a lender or broker. A lending network partner shares requests with lenders, who set their own rates and decide whether to lend. There is no fee to use our service. See disclosures.

Last updated .

Part of the Louisiana guide

What Louisiana law allows

Payday loans in Louisiana
ProductStatusAPR capAmountTermLicenseLaw
Payday loans[1][2] AllowedHigh-cost loan Fee cap Up to $740 Not set by statute Deferred Presentment and Small Loan lender license La. R.S. 9:3578.1 et seq.; fee cap and post-maturity rate at R.S. 9:3578.4, as amended by Acts 2025, No. 510, effective August 1, 2025
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.
The rules in full

Payday loans

Rate cap
Regulated by a flat per-transaction fee cap instead. If unpaid at maturity, licensee may charge 36% per annum for up to one year, then 18% per annum thereafter.
Fees
Fee may not exceed 16.75% of the face amount of the check (R.S. 9:3578.4). Acts 2025, No. 510 removed the former $45 per-transaction fee ceiling. If unpaid at maturity: 36% per annum for up to one year, then 18% per annum. No other fees beyond those the Act allows (plus actual returned-check fee reimbursement once per check).
License
Deferred Presentment and Small Loan lender license, issued by OFI under the Louisiana Deferred Presentment and Small Loan Act.

Full detail for every loan type: Louisiana lending laws.

Check your options

Rent and jobs in Louisiana

Typical rent and the jobless rate, to weigh before a loan payment.

Rent and unemployment in Louisiana
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[3]$1,138FY2026
Unemployment rate[4]4.2%2026-08

Other options in Louisiana

Cheaper options to try first

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
  • Nonprofit credit counseling through the National Foundation for Credit Counseling.
  • A payment plan from the company you owe, if you ask before you miss a payment.
  • 211 for help with rent, utilities and food: call 211 or visit 211.org.

More cheaper options in Louisiana.

Other loan types allowed in Louisiana

See every loan type Louisiana law allows.

Payday loans in nearby states

  • MississippiAllowedHigh-cost loan See the rules
  • ArkansasNot allowed Not allowed
  • AlabamaAllowedHigh-cost loan Not verified
  • TexasAllowedNo rate limit in state law No rate limit
  • TennesseeAllowedHigh-cost loan Fee cap

Sources

  1. ofi.la.gov. La. R.S. 9:3578.1 et seq.. Retrieved September 23, 2026.
  2. ofi.la.gov. Louisiana Office of Financial Institutions (OFI). Retrieved September 23, 2026.
  3. National Low Income Housing Coalition. Out of Reach 2026: Louisiana. Retrieved September 23, 2026.
  4. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

Back to top

Important disclosures

APRs vary by lender and state in Louisiana. Each lender sets its own rates and terms and must show you the APR before you sign.

  • BadCreditMD is not a lender or broker and does not make loans or credit decisions. When you submit a request, a lending network partner shares it with third-party lenders, and those lenders or the partner may pay us a fee for each referral. The lenders decide whether to offer you a loan.
  • There is no fee to use BadCreditMD. Lenders or our lending network partner may pay us.
  • Lenders set their own rates, fees and terms. Offers depend on your credit, income, state of residence and each lender's criteria.
  • Our service is not available in all states, and not every loan type is available in every state.
  • By submitting a request you consent to lenders checking your credit, which may affect your score, and to your information being shared with them.
  • Submitting a request does not mean you will be approved or funded, or that you will receive any particular amount or rate.
  • Short-term loans are costly and are not a long-term financial solution. Borrow only what you can repay on time.
  • BadCreditMD publishes general information about loans and state rules. It is not legal or financial advice.
  • BadCreditMD is operated by BadCreditMD, LLC, 30 N Gould St Ste N, Sheridan, WY 82801. Contact: pr@badcreditmd.com. Full details are on our disclosures page and disclaimer.
  • Questions about a lender licensed in Louisiana? Contact the Louisiana Office of Financial Institutions (OFI) or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.