Payday Loans in Louisiana, LA, New Orleans, Baton Rouge
Choose Dime Alley for superior rates on Payday Loans and Installment Loans for a quick, easy and hassle-free experience. Apply Online Now in New Orleans, Baton Rouge, LA, or anywhere else in Louisiana, for anywhere from $100 to $35,000 ASAP. Get your money in your account within an hour!
3-Step Process To Get Your Louisiana, LA, Payday Loan:
Louisiana and New Orleans LA Payday Loan Rules
| Are Payday Loans Legal? | Yes |
| Maximum Loan Amount | $350 |
| Minimum Loan Term | Not specified |
| Maximum Loan Term | 30 days |
| Interest Rate (APR) | 391% |
| No. of Rollovers Allowed | 0 |
| Finance Charges |
16.75% of the amount advanced + $10 doc fee
|
| Statute of Limitations |
10 years from the last payment
|
What Should I Consider Before Getting a Payday Loan in Louisiana?
You should first check that you meet the eligibility criteria (see above) before you apply. Make sure you consider whether you can afford to meet the repayments on time.
In the case that you are unable to repay your payday loan, interest may be added. Not repaying your loan on time may also affect your credit score. It would be best if you thought about how much you actually need to borrow before getting started.
Am I Eligible for a Payday Loan in Louisiana?
You could be eligible for a payday loan in Louisiana LA – just consider whether you meet the conditions necessary. Not everyone is eligible for a payday loan in Louisiana, so be aware of the requirements. There are four main conditions to be eligible:
- You must be a U.S. resident.
- You have to be at least 18 years of age.
- You need to have a consistent income earning a minimum of $800 per month.
- You must have a checking account for your Louisiana payday loan to be deposited into.
How Do Repayments Work for Louisiana Payday Loans?
Louisiana payday loans are repaid over two weeks to five years in equal monthly instalments. If you need to cover a one-off emergency bill, a couple of weeks may be long enough to get you to your next paycheque.
For large sums, you may need to spread out the repayments more. You can choose to repay your payday loan in equal instalments each month up to five years! You are also always able to repay the loan early to save money on interest.
Can I get a Payday Loan with Bad Credit in Louisiana?
If you have a bad credit score, don’t worry – you can still get a payday loan!
With Dime Alley, all credit histories are accepted. This means that you should still request a payday loan with us even if you have already been turned down by a bank because of bad credit.
Title Loans in Louisiana
Get a Car Title Loan in New Orleans, Baton Rouge or any other city, town or county in Louisiana today!
Title loans in Louisiana work similarly to title loans in other states although Louisiana has some additional laws which protect you, the borrower.
Generally, title loans work by providing a loan amount of 25% to 50% of the vehicle’s value and using your vehicle as collateral. Because they are secured loans, the lender can repossess the car if you fail to meet the terms of the loan.
California has a few consumer protections not offered in other states, but the general process is the same. Some of these protections include:
The state specifies that title loans cannot be made for less than $350 and you must be given at last two months to pay it back.
However, you can decide to pay off the loan before the two months period ends, and you cannot be charged any sort of fee or penalty for paying it off early.
If you need to borrow less than $350, a title loan is not an option for you. If you need more than two months to pay your loan off you may still be able to get a title loan, the loan’s length is something you can discuss with your lender.
How Long Will it Take to Get a Payday Loan in Louisiana?
Receiving a payday loan in Louisiana could take as little as an hour, or sometimes as soon as the next business day!
With Dime Alley, your online form is sent to lenders across Louisiana, and you’ll receive an instant decision. If your request is accepted, you’ll find the money in your account as fast as possible.
Why Choose Dime Alley for Payday Loans in Louisiana?
If you’re looking for a bit of extra cash to help you through to your next paycheck or to pay an unexpected bill, such as a medical or veterinary bill, Dime Alley can help you to find a payday loan to suit your needs ASAP.
If your application is accepted, you could receive the money in your account in just a few short hours! We all have times of financial hardship, but rest assured, at Dime Alley, we are there to help you get through it!
What People Say About Us
“Personal and friendly, they did what they said they would do, I was approved for a loan although I have bad credit. It was just a short term thing, but has helped me and my family.”
Merryl, Texas, September 2021
“I need a loan to pay back a friend and it was all very quick and easy to get a couple of hundred bucks which I repaid over a couple of weeks.”
Malik, California, December 2022
“I found the experience overall easy to use. I had to sign an agreement online and all the terms were there and very clear. I would do it again if I needed some money.”
Imani, Georgia, March 2021
More Frequently Asked Questions
Am I Charged a Fee for using Dime Alley?
No! We will never charge fees for using our service.
Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.
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How many Payday Loans can I have at once in Louisiana?
State regulations in Louisiana prohibit payday lenders from issuing three loans consecutively without a grace period to the same borrower.
Also, the payday lenders will not be allowed to make more than two failed payment collection attempts without consent of the borrower
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How Much Can I Borrow in Louisiana?
With Dime Alley, you could find payday loans ranging from $100 to $35,000 – with the amount you can borrow based on factors like your monthly income, credit status and affordability.
Louisiana has a $350 payday loan limit. Payday loans can be taken for the period up to 30 days.
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Is There a Price Cap on Payday Loans in Louisiana?
A payday loans interest cap is a limit on how much interest lenders are allowed to charge borrowers for taking out a payday loan.
The goal of an interest cap is to protect borrowers from excessively high interest rates in an attempt to make loans more affordable and also to deter lenders from predatory lending.
The current cap in Louisiana is set at 478%.
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