Louisiana

LA cash advance and payday loans of up to $350 can be opened to residents of Louisiana. Cash advances and payday loans have been limited in Louisiana legislature by placing restrictions on charges by payday lenders. All loan charges must be specified in a loan agreement that is signed by the borrower and the lender. Any charges that are not disclosed in the loan agreement do not have to be paid.

Louisiana payday loans can cost up to 16.75% interest on the total amount of the cash advance or payday loan. If the borrower defaults, the lender can charge up to a maximum rate of 36%. Louisiana does protect borrowers who default on payday loans. If defaulted borrowers can pay at least $50 monthly, the payday loan lender can not sue the borrower.

There are several payday loans in Baton Rouge LA as well as cities throughout Louisiana. You can check with local telephone directories to find a lender or search the Internet for LA paday loans. Most lenders do provide access to apply for payday loans on their website, by phone, or in the office. To ensure you get the best terms on payday loans, it is wise to compare payday loan lenders for the most favorable terms.