Personal loans in Louisiana
Census ACS 2020–2024 5-year estimates; NCUA June 2026 call report; FDIC BankFind, Oct 2026.
Louisiana personal 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)) |
Bad credit loans in Louisiana
Bad credit doesn't automatically rule you out in Louisiana. Many lenders in our network look at your income and bank activity, not just your score, and offer personal installment loans of $500 to $5,000 to borrowers with fair or poor credit. Rates are higher than prime offers, so compare the monthly payment and total cost before you accept. More on bad-credit loans.
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Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Compare neighboring states
Lenders must follow the law of the state where you live, not where you visit.
| State | Rate cap |
|---|---|
| Arkansas | 17% a year maximum for non-bank lenders, set by the state constitution. |
| Mississippi | Tiered 36%-14% APR; 59% to $5,330; credit availability 25%/month to $3,320. |
| Texas | Tiered caps for licensed Chapter 342 lenders: up to 30% a year on the first $4,600, 24% on the part from $4,600 to $9,660, and 18% on the part up to $23,000… |
Personal Loans by city in Louisiana
Counties in Louisiana
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Also see: Payday Loans in Louisiana · Title Loans in Louisiana · All Louisiana loan options
Frequently asked questions
Is there a cap on personal loan interest rates in Louisiana?
Blended tiers: 36% to $1,400, 27% to $4,000, 24% to $7,000, 21% above.
Do personal 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 personal 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.
What credit score do I need for a personal 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.
Can I get a personal 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.
How do installment loans work in Louisiana?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Louisiana residents can see installment loan offers with our free 3-minute form.