Payday Loans in Louisiana

Yes. A lender licensed by Louisiana's Office of Financial Institutions can make you a payday loan of up to $740 through August 31, 2027, for a fee of no more than 16.75% of your check plus a $10 documentation fee.

Louisiana Payday Fees From $100 to $740

Worked out from Louisiana law, not offers from lenders in our network; a lender can charge less.

The fee is a share of the check, which includes the fee itself, so it comes to $20.12 per $100 you receive, whatever the term. Other limits:

• Not paid at maturity: interest of up to 36% a year for up to a year, then 18%.
• Bounced check: the fee the lender's bank charged it, once, plus $25 or 5% of the check, whichever is greater.
• Repay in full within 5 days and the lender refunds unearned charges, except $20 of the fee.
• No other fees, and no insurance sold with the loan.

Short on the Due Date? Louisiana's Three Options

Louisiana bans rollovers. Before the due date, you can:

• Pay part. The lender must accept any payment of $50 or more and apply it to your balance.
• Pay the fees and 25%. The lender can then write a new loan for the rest, with a new fee on the smaller amount.
• Ask for a payment plan. In writing, once every 12 months. If you're in the hospital, you have 72 hours after discharge.

The plan splits what you owe, including fees already due, into at least four roughly equal payments: about 4 × $92.59 on the $300 example. The first is due at least 30 days out unless you pick an earlier payday. Nothing is added, you can pay early, and you can't take a new payday loan until the plan ends.

Why the Limit Is $740, Not $350

• Until July 31, 2025: $350 in cash, with a $45 cap on the fee.
• August 1, 2025: Act 510 raised it to $700, dropped the $45 cap and tied the limit to inflation. Small loans stayed at $350.
• September 1, 2025: OFI's first adjustment set $720 for payday loans and $360 for small loans.
• September 1, 2026: $740 and $370, through August 31, 2027. OFI posts the next figures by September 1.

Older guides, including OFI's own consumer FAQ and pamphlet, still show $350 and a $55 fee cap. Check the date on anything you read.

What the Lender Must Show and Can't Do

• Page one of the agreement explains, in bold, how to ask for a payment plan, with the lender's name, email, phone and fax.
• No insurance, no goods bought with the loan, no claim on your car or other property, and no splitting one loan to charge a higher fee.
• No threats of prosecution, and no referring a bounced payday check for prosecution.
• No negative reports about you to credit bureaus, since August 1, 2025.

Applying Online for a Louisiana Payday Loan

1. Have your ID, proof of income and checking account details ready.
2. Submit one request through LendUp. Lenders in our network review it, and any offer shows the APR, payments and total cost before you sign.
3. Before you sign, find the bold payment plan notice on page one and check the fee is within 16.75% of the check plus $10.

Find the Payday Lender on OFI's List

1. Search OFI's active licensees by the lender's legal name, not its app or website name, and match the address and phone number.
2. Or search its NMLS number in NMLS Consumer Access.

A payday loan made without a required license is void. If a lender refuses a plan you asked for on time, call OFI at 1-888-525-9414; written complaints go to [email protected].

Common Questions

Official Sources

← Louisiana loan rules