#10 Best Payday Loans in Louisiana. Fast Approval. No Credit Check.

Payday Loans in Louisiana

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You’re in Louisiana and need a quick cash fix? A credit union loan request might be what you’re looking for. It’s basically a quick cash advance designed especially for the good folks of Louisiana to deal with sudden financial hiccups. They’re quick to get, generally safe, and don’t involve complicated paperwork. Plus, even if your credit’s not the best, you can still apply. Sounds good, right?

All you need to do is fill out an online form, and you could borrow up to $350 – that’s the maximum allowed by Louisiana state rules. And forget about the tedious paperwork and long wait times you’d get with regular bank loans. Just give some basic info online and, in most cases, you’ll know if you’re approved in minutes.

If approved, the money gets directly deposited into your bank account. And when it’s time to pay back? It’s straightforward. The lender just takes the money directly from your bank account when it’s due, which is typically in 30 days or less.

#10 Best Payday Loans in Louisiana, Fast Approval, No Credit Check.

NoNamePhoneAddress
1.Louisiana Cash Advance+1 504-944-09442100 N Claiborne Ave, New Orleans, LA 70116, United States
2.Cash Cow+1 225-658-13804457 LA-19, Zachary, LA 70791, United States
3.Cash Cow+1 985-380-28987562 LA-182, Morgan City, LA 70380, United States
4.Cash Cow+1 225-927-99965540 Government St, Baton Rouge, LA 70806, United States
5.Cash Cow+1 504-362-522387 Westbank Expy, Gretna, LA 70053, United States
6.ACE Cash Express+1 337-216-00862222 Ambassador Caffery Pkwy, Lafayette, LA 70506, United States
7.Advance America+1 318-322-33202820 Louisville Ave Ste 120, Monroe, LA 71201, United States
8.ACE Cash Express+1 337-989-22744702 Johnston St Ste A, Lafayette, LA 70503, United States
9.Advance America+1 337-984-61423148 Ambassador Caffery Pkwy Ste. #102, Lafayette, LA 70506, United States
10.American Cash Advance+1 337-264-60772505 Moss St, Lafayette, LA 70501, United States
#10 Best Payday Loans in Louisiana, United States
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Yes, they are. The state has some rules to make sure everything’s on the up-and-up. For instance, there’s the Louisiana Deferred Presentment and Small Loan Act and a couple of other regulations that oversee how these loans work.If you’re worried about repayment, you can ask for a longer repayment plan once a year. And while you can have more than one emergency cash bad credit scores with a maximum loan, taking multiple from the same lender is a no-go.

Remember, if you’re thinking about multiple loans repayment period, it could be a bit trickier to manage, with potentially higher rates and trickier terms. So, always weigh your options and make sure it’s the right fit for your situation.

What Is a Maximum Payday Loan Amount in Louisiana?

In Louisiana, the most you can borrow through a payday loan is $350. You have the option to take out multiple online loans simultaneously, as long as you can prove you’re able to pay them back. However, be aware that the terms and interest might be more challenging if you do so. Also, you can’t have more than one payday loan from the same lender at once.

Loan Charges and Fees in Louisiana

The state of Louisiana permits lenders to charge up to 16.75% of the loan amount. This translates to an annual percentage rate (APR) of roughly 391%. For every $100 you borrow, lenders can ask for as much as $30. This includes a primary charge of $20 and an additional documentation fee of $10. But remember, the total interest you’re required to pay on your loan cannot surpass $55.

For instance, if you borrow $100, the most you’d owe (including the original loan amount and interest) could be $130. If you borrow the maximum of $350, your total repayment, considering all fees, should not be more than $405.

Criteria for Obtaining Online Payday Loans in Louisiana

Getting a payday loan in Louisiana is more straightforward than obtaining personal loans from other traditional institutions. The requirements aren’t as stringent. Essentially, to qualify, you should:

  • Be at least 18 years old.
  • Reside permanently in the U.S.
  • Have an active bank account.
  • Show evidence of a consistent income.
  • Provide some personal details, including a valid phone number and email address.

Can I Get a Bad Credit Payday Loan If I’m Unemployed?

While people with steady jobs and solid incomes are more likely to get approved for a payday loan in Louisiana, being unemployed doesn’t mean you’re out of luck. Some lenders might still consider your application if you can show some form of regular income. This could be from:

  • Social or disability benefits
  • Alimony payments
  • Income from your own business or freelance work
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How Quickly Can I Receive a Payday Loan in Louisiana?

Payday loans are known for their speedy process. Once approved, the money is typically in your bank account by the next business day. However, if you apply early in the day, you might even get the funds on the same day.

How Do I Repay My Payday Loan in Louisiana?

Repayment is straightforward. By the end of your loan term, which can be up to 30 days, the lender will automatically deduct the loan amount, along with any interest and fees, from your bank account. Just be aware: in Louisiana, if the lender tries to deduct the payment and it fails, they can’t attempt this more than twice without your permission.

How Can I Apply for a Payday Loan Online in Louisiana?

Applying online for a payday loan in Louisiana is pretty simple. Just head to our website SpeedLoanUSA and fill out a quick form with your details. Once you’ve submitted it, we’ll securely forward your information to a network of direct lenders for consideration. The whole thing shouldn’t take more than a few minutes of your time.

One of the lenders that has an offer for you will possibly approve the application and send you the loan offer by email. A loan decision making process usually takes about 5 to 15 minutes. If approved, you’ll get a loan offer by email.

After getting a loan offer, you must read all the details of the loan extended payment plan. This contract contains significant information about your loan. If the conditions are good for you, you must digitally sign the loan agreement. Once signed, the lender transfers the funds to your bank account. You typically get your finances on the next working day or even earlier.

Finally, you must repay the loan according to the loan contract by depositing its cost in your checking account for further automatic withdrawal.

Can I Get a Payday Loan in Louisiana Without a Credit Check?

Worried about your credit score? In Louisiana, many payday lenders don’t conduct in-depth credit checks. This means your application won’t be sent to the major credit bureaus. As long as you can prove you can repay the loan, your credit score won’t hinder your application, and your score remains unaffected.

Is a Payday Loan Possible with Bad Credit in Louisiana?

Yes, even with a less-than-ideal credit score, payday loans remain a feasible option. Lenders typically carry out a basic credit check and aren’t concerned about the detailed info in your credit history. Your application won’t be sent to the major credit bureaus. So, a low score doesn’t automatically mean your application will be declined. As long as you can show you’re able to repay, you’re good to apply.

How Many Payday Loans Can I Have at Once in Louisiana?

In Louisiana, there are specific rules. You can’t have three consecutive loans with the same lender without a break. After three back-to-back loans, there’s a mandatory 30-day waiting period. Also, you can’t have multiple payday loans simultaneously unless you can prove you can repay them all without any problems.

What are Some Other Loan Options in Louisiana?

If payday loans aren’t what you’re looking for, there are other ways to secure funds in Louisiana:

Installment Loans: This is a mix of cash advances and personal loans. They might be a bit costlier than personal loans but can offer amounts up to $2,400, even with a poor credit score. Repayments are made over time, often up to 12 months, making it easier on your wallet.

Title Loans: Need a bigger amount? Title loans might be the answer. Here, you pledge property (usually a car) as collateral. They can be a good fit for those with poor credit. Because there’s collateral involved, they generally have better terms and lower interest rates.

Personal Loans: These are more traditional loans from banks or credit unions. They have better rates, allow for larger amounts, and have flexible terms. But, they typically require a decent credit score and more documentation. If you’re not in a rush and have a good credit score, this might be the route for you.

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FAQs

Can I extend my loan?

You must settle your loan in its entirety by its due date. Once your present loan is fully paid, you’re eligible to take out another loan.

Is it possible to settle my loan ahead of schedule?

Certainly, if you repay the loan within the initial 5 days of its term, Lending Bear will reimburse the complete finance fee. However, please note that a sum of $20 will be retained, as it’s charged when the loan is initiated.

Yes, payday loans are completely legal in the state of Louisiana. Lenders operate under the state’s regulations to offer these short-term financial solutions to residents.

What is the maximum interest rate (APR) for payday loans in Louisiana?

The maximum Annual Percentage Rate (APR) allowed for payday loans in Louisiana is set at 391%. It’s crucial to be aware that while this rate might seem high, payday loans are intended for short durations, so the actual interest paid may be less than the annualized figure suggests.

How much money can I secure with a payday loan in Louisiana?

You can borrow up to a maximum of $350 with a payday loan in Louisiana. This cap is set to protect borrowers from taking on excessive debt.

What’s the shortest duration I can take out a payday loan for in Louisiana?

The data provided doesn’t specify a minimum loan term. However, it’s common for payday loans to be taken out for very short periods, sometimes just a week or two, depending on the borrower’s needs.

How long do I get to repay my payday loan?

In Louisiana, the maximum duration you can have a payday loan is 30 days. This means that after borrowing, you will have up to 30 days to repay the full amount, including any interest and fees.

What fees can I expect when taking a payday loan in Louisiana?

Lenders in Louisiana can charge finance fees up to 16.75% of the total amount borrowed. This fee is in addition to the principal amount and any accrued interest.

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