Installment Loans in Louisiana
How installment loans work in Louisiana
An installment loan gives you the full amount up front and you repay it in equal monthly payments over a set term — often 3 to 36 months. Because repayment is spread out, each payment is smaller than a single lump-sum payday repayment, and you always know your payoff date.
Sample monthly payments
| Amount | 6 months | 12 months | 24 months |
|---|---|---|---|
| $1,000 | $181.54 | $97.48 | $55.91 |
| $2,000 | $363.09 | $194.96 | $111.82 |
| $3,000 | $544.63 | $292.45 | $167.72 |
| $5,000 | $907.72 | $487.41 | $279.54 |
Illustration at 29.99% APR. Your rate and term come from the lender and depend on your credit, income and Louisiana law.
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Louisiana installment loan rules at a glance
| Governing law | Louisiana Consumer Credit Law, La. R.S. 9:3510 et seq. (La. R.S. 9:3519) |
|---|---|
| Rate cap | A licensed lender may charge up to 36% a year on the part of the unpaid principal up to $1,400; 27% on the part from $1,400 to $4,000; 24% on the part from $4,000 to $7,000; and 21% on any part above $7,000. A minimum finance charge of $15 (advances up to $200) or $25 (over $200) may be charged instead of other finance charges. (La. R.S. 9:3519(A),(E)) |
| License required | Anyone in the business of making consumer loans must hold a consumer loan license from OFI before making loans; loans may be made only from the licensed location. (La. R.S. 9:3510 et seq.) |
| Origination / other fees | A licensed lender may charge an origination fee of up to $75 on a consumer loan or revolving loan account (raised from $50). (Acts 2026, No. 402 (HB 545)) |
Estimate your monthly payment
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Installment Loans by city in Louisiana
Also see: Payday Loans in Louisiana · Title Loans in Louisiana · All Louisiana loan options
Frequently asked questions
Is there a cap on installment loan interest rates in Louisiana?
Blended tiers: 36% to $1,400, 27% to $4,000, 24% to $7,000, 21% above.
Do installment loan lenders need a license in Louisiana?
Anyone in the business of making consumer loans must hold a consumer loan license from OFI before making loans; loans may be made only from the licensed location.
Can I get a installment loan with bad credit in Louisiana?
Yes, some lenders in our network work with fair or bad credit, but approval is not guaranteed and rates are higher. Licensed lenders in Louisiana must follow the state's consumer-lending rules shown above; tribal and bank-partner lenders may follow different rules, so compare the APR on every offer.
Can I get a installment loan in Louisiana with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Louisiana residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Where can I find a loan for bad credit in Louisiana?
You can apply at local banks and lenders in Louisiana, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
What credit score do I need for a installment loan in Louisiana?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Louisiana with our free 3-minute form.
How can I get an emergency loan in Louisiana?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.