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Quick Payday Loans Up To $5,000

Online Payday Loans In Louisiana 

Lorraine Roberte
Lorraine Roberte

Lorraine is a freelance writer who specializes in digital marketing and personal finance. She has written for well-known sites such as Thrive Global, Elephant Journal, Red Tricycle and Tweak Your Biz.

Do you have bills to pay with little idea on how to source funds? Online payday loans are always available for you in this type of situation. So, you can be certain of applying for a loan and getting the response almost immediately. Fortunately, you don’t have to worry about the credit score as most online payday lenders rely only on your monthly income.

Are Payday Loans Permitted In Louisiana?

Louisiana is one of the states in the United States that accepts payday loans. But, there are also restrictions to its use and this you must accept:

  • You cannot get a loan above $350
  • The loan term is for only 30 days
  • The finance charges on the loan amount is 16.75%
  • Criminal actions against the borrowers are prohibited.
  • No rollovers.

What Are Requirements For Online Payday Loans in Louisiana?

If you intend to apply for an online payday loan in Louisiana, you must have the following in place:

  • Proof of residency: You need to have your proof of residency that affirms you are a legal resident in the state.
  • An ID: You need to show a valid ID that bears your age because only people who have attained at least eighteen years can be given the loan.
  • Proof of income: You need to show your proof of income that indicates you earn at least $800 on a monthly basis.
  • A savings account: Your active savings account is also required so that the lender can make deposits into your account.

Features Of A Payday Loan

If you are uncertain of how payday loans work, these information will guide you:

  • The loans are used for cash debt. The various states in the country have laws that restrict the use of payday loans. For this purpose, the maximum amount to be given is $500.
  • The borrower pays most of the payday loans either through a single payment that is deducted from the salary or through other sources. The due date for the loan is between 14-30 days after getting the loan. However, some senders can set agreement dates for the repayments but the borrower can also settle for non-single payment.
  • Post-dated checks are the common ways repayments are made. But, the borrower is also given the option of making automatic payment and the money will be deducted from the bank accounts. Many borrowers prefer to use automatic payment because they are convenient and can also help to avoid delay in payment.
  • There is no need to worry about credit score or collateral as they are not significant for obtaining payday loans. Lenders only focus on the monthly income of the borrower.
  • You can also receive the loans through your bank accounts or checks. This can be indicated when you put in your bank details so that you can decide if you want to receive it in a savings or checking account.


Online payday loans are the best options for fast cash loans. You can use the money immediately as the application process is simple and fast.