How to Get Online Payday Loans in Louisiana for Bad Credit

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Key takeaways

Louisiana payday advances give borrowers quick access to funds but come with high fees and short repayment terms.
Always compare potential payday loans and lenders to find the best option for you.
Explore alternatives like cash advance apps, credit union loans, or credit card advances before you borrow.

Online payday loans in Louisiana offer a quick fix when you need emergency cash. They are easy to qualify for, since most lenders only require an active checking account and ID. You don’t have to worry about your credit; you only have a steady paycheck.

Whether you’re in New Orleans or Baton Rouge, online payday loans can provide financial relief when you need money now, but they come with risks.

Read on to learn about payday advances and what to watch out for.

What are online payday loans in Louisiana?

Online payday loans in Louisiana are short-term loans for small amounts that you can apply for and receive online without a credit check. Lenders are only interested in your income.

When you apply for the loan, you will have to provide a personal check or sign an agreement to have the money automatically withdrawn from your bank account on a set date. The repayment date is typically your next payday, usually 14 days after accepting the funds.

Small payday loans online no credit check can be expensive due to high interest rates and fees. The short repayment term can make it challenging to repay the money on time, potentially leading to a cycle of debt.

Top loan choices

When looking for the top online payday lenders, you’ll typically encounter two options: direct lenders and online lending platforms.

Direct lender

With a direct lender, you work with one company from start to finish. They may fund the loan faster since they handle the entire process themselves. You don’t have to worry about sharing your personal information with other parties.

Many direct lenders operate online, making the entire process convenient and accessible.

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Online lending platforms

Online lending platforms allow you to submit one application and be approved by multiple lenders without going to multiple physical locations. You then compare payday advance offers to find the best one for you.

When you use a lending platform, it is important to research the lenders you are matched with. Payday lenders are notorious for predatory practices. Read reviews and verify that the lender is licensed to operate in Louisiana before accepting an offer.

Payday loan regulations in Louisiana

Payday loans for Louisiana residents are regulated by state laws.

Maximum loan amount	$350
Minimum loan term	N/A
Maximum loan term	30 days
Finance charge	$20 for every $100 borrowed, fees cannot exceed $55 when you borrow $220-$350
Documentation fee	$10
Nonsufficient funds fee	$25
Rollovers	None, unless the borrower pays 25% of the advance plus fees
Number of loans	Any

How to apply for payday loans in Louisiana

Select a lender

The first step is to find a payday lender licensed to operate in Louisiana. Check with the Louisiana Office of Financial Institutions (OFI) or ask the lender. A legitimate lender will be able to provide evidence of their state registration and licensing, such as a license number.

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Read reviews on sites like the Better Business Bureau and Trustpilot to get a sense of other customers’ experiences.

Look at their fee structure to check that you can afford the loan. While all payday loans are expensive, you may be able to find a lender with slightly lower costs.

Gather your documents

You do not need much to apply for a payday loan, but having everything ready ahead of time will speed up the process. Lenders require a government-issued ID (driver’s license or state-issued ID) to confirm your identity and age. You will need to provide proof of income, such as a recent pay stub, bank statement, or W-2, and bank account information. The lender will need to verify that you live in Louisiana. Bring a utility bill, lease agreement, or other bills showing your address. Lastly, you must put down your Social Security Number and phone number.

Apply for the loan

Fill out the form accurately and wait for the decision. Many lenders offer instant decisions since they do not consider your credit score. If approved, you can receive cash on the same day.

If you have any questions, contact your lender.

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Alternatives to online payday loans for bad credit in Louisiana

Borrowers with bad credit are not limited to cash advances from payday lenders. Other options can often be less expensive and just as easy to get, even if they do look at your score.

Cash advance apps

New cash advance apps let you borrow small amounts of money and repay it with your next paycheck. There is no credit check, no interest, and few fees. The app may request a tip, ask for a flat fee, or a monthly subscription.

The application process is simple. You link your checking account, and the app reviews your banking activity and direct deposit history to determine how much to lend you. If you need the money instantly, you can pay a small fee; otherwise, the funds will be in your account for free within three business days.

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Credit union loans

Credit unions are member-owned financial organizations that provide affordable products and services to members. They often have more lenient requirements and may accept borrowers with bad credit.

Some federal credit unions offer payday alternative loans with interest rates capped at 28% APR. These loans are specifically for members with poor scores and approval relies more on your income than credit.

State-chartered credit unions provide personal loans with interest rates capped at 18% APR, though these loans have stricter requirements.

Many credit unions offer credit-builder loans. With these loans, the lender holds the funds, and you repay the money in monthly installments. The lender reports your payments to the credit bureaus, which helps you establish a positive payment history. Once you pay off the loan, you will receive the funds and a higher credit score.

Credit card cash advance

Chances are, you can use the credit card you already have in your wallet to take out a cash advance. Go to an ATM or bank teller and withdraw cash up to a set credit limit.

Understanding how to get cash from a credit card can help in emergencies, but use it cautiously. These advances are fast but far from free. Your provider will charge a fee of 3% to 5% of the amount withdrawn or $10, whichever is greater. The ATM may charge an out-of-network fee. You will have to pay interest immediately at a higher rate than for regular purchases.

Borrow from loved ones

Friends or family may be able to lend you money with little to no fees and flexible terms. Put down how and when you will repay the loan, as well as any interest, in writing. Then, pay the money back as agreed to avoid strains on the relationship.

Frequently asked questions

1. Can I get a payday loan in Louisiana with no collateral?

Yes, you can get a payday loan without collateral. Payday loans are considered unsecured debts. You do not have to put up an asset like your car or house to secure the loan. Approval depends instead on your paycheck.

2. What are the risks associated with payday loans for bad credit?

The risk with payday loans is falling into a cycle of debt. Payday loans have high fees, usually equivalent to over 400% APR, whereas 36% is considered the highest affordable APR. Lenders require a balloon payment of both the loan amount and fees, only 14 days after the loan is issued. 80% of borrowers are unable to pay. In Louisiana, the lender can charge you an insufficient funds fee if your check bounces, fees for a new loan, and interest on the loan you did not repay. They can also take legal action to recover their money.

3. Can you have more than one payday loan in Louisiana?

You can take out more than one payday loan at a time in Louisiana. While you can have more than one, it is not a good idea. Always pay off your loan before borrowing again.

Bottom line

Payday loans can help you out in a pinch, but are costly. According to the Center for Responsible Lending, a $400 payday loan repaid in full within 14 days has an average APR of 410% in Louisiana. While helpful for emergency cash, they are not a long-term solution.

Before you turn to payday lending, consider alternatives. Look into lower-cost cash advance apps, borrowing from friends and family, or your local credit union. You can find less expensive loans, even if your credit is less than perfect.

1. Paycheck Advance is For eligible customers only. Your actual available Paycheck Advance amount will be displayed to you in the mobile app and may change from time to time. Conditions and eligibility may vary and are subject to change at any time, at the sole discretion of Finco Advance LLC, which offers this optional feature. Finco Advance LLC is a financial technology company, not a bank. Expedited disbursement of your Paycheck Advance is an optional feature that is subject to an Instant Access Fee and may not be available to all users. Expedited disbursements may take up to an hour. For more information, please refer to Paycheck Advance Terms and Conditions.

2. Paycheck Advance is an earned wage access service and is not a loan or credit product.

3. Current is a financial technology company, not an FDIC-insured bank. FDIC insurance up to $250,000 only covers the failure of an FDIC-insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC. The Current Visa® Debit Card, which may be issued by Choice Financial Group and/or Cross River Bank, and the Current Visa® secured charge card, which is issued by Cross River Bank, are all issued pursuant to licenses from Visa U.S.A. Inc. and may be used everywhere Visa debit or credit cards are accepted. A Current debit account is required to apply for the Current Visa® secured charge card. Independent approval required.

4. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.

5. Debit card: Fees may apply, including out of network cash withdrawal fees, third-party fees, cash load fees, inactivity fees, account closure fees, international transaction fees, replacement card fees, express mail fees and escheatment fees. Build Card: Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.

6. The Current Visa® Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Current Visa® secured charge card is issued by Cross River Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your Card for its issuing bank. Current Individual Account required to apply for the Current Visa® secured charge card. Independent approval required.

7. Individual results may vary. Using your credit card responsibly may allow you to improve your credit score. Credit building depends on various factors, including your payment history, credit utilization, length of credit history, and other financial activities.

8. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.

9. Funds held in Savings Pods are FDIC-insured on a pass-through basis up to $250,000 at our partner bank Choice Financial Group, member FDIC.

10. Actual overdraft amount may vary and is subject to change at any time, at Current’s sole discretion. In order to qualify and enroll in the Fee-Free Overdraft feature, you must receive $500 or more in Eligible Direct Deposits into your Current Account over the preceding 35-day period and fulfill other requirements subject to Current’s discretion. Negative balances must be repaid within 60 days of the first Eligible Transaction that caused the negative balance. For more information, please refer to Fee-free Overdraft Terms and Conditions. Individual Current Accounts only.

11. For eligible customers only. You may earn Points in connection with your Build Card purchases at retailers whose merchant code is classified as: Dining (e.g., restaurants) and Groceries (e.g., supermarkets) and by completing other actions that Current designates as subject to the Current Points Program. The amount of Points granted for different actions as well as the purchase requirements necessary to earn Points will vary, and is subject to Current’s sole discretion. After qualifying, please allow 3-5 business days for points to post to your Current account. Points will expire 365 days after they settle. For more information (including specific eligibility criteria), please refer to the Current Points Terms and Condition.

12. Some fees may apply, including out of network ATM fees of $2.50 per transaction, late payment fees of 3% of any total due balance outstanding and past due for two or more billing cycles, foreign transaction fees of 3% of the full transaction amount (minimum $0.50), card replacement fees per card of $5 for regular delivery and $30 for expedited delivery, cash deposit fees of $3.50 per deposit, and third party processing fees.

13. Boost Bonuses are credited to your Savings Pods within 48 hours of enabling the Boost feature and on a daily basis thereafter, provided that the Savings Pod has accrued a Boost Bonus of at least $0.01. No minimum balance required. The Boost rate on Savings Pods is variable and may change at any time. The disclosed rate is effective as of August 1, 2023. Must have $0.01 in Savings Pods to earn a Boost rate of either 0.25% or 4.00% annually on the portion of balances up to $2000 per Savings Pod, up to $6000 total. The remaining balance earns 0.00%. To earn a Boost rate of 4.00%, the sum of your Eligible Payroll Deposits over a rolling 35-day period must be $500 or more, with at least one Eligible Payroll Deposit equalling a minimum of $200. For more information, please refer to Current Boost Terms and Conditions.

14. Your money is FDIC-insured on a pass-through basis up to $250,000 at each of our partner banks, Choice Financial Group and Cross River Bank, members FDIC.

15. Average value based on Fine Hotels + Resorts bookings in 2023 for stays of two nights. Benefits include daily breakfast for two, room upgrade upon arrival when available, $100 amenity, guaranteed 4PM late checkout, and noon check-in when available. Certain room categories not eligible for upgrade. $100 amenity varies by property. Actual value will vary based on property, room rate, upgrade availability, and use of benefits.

16. Up to $500 per Covered Trip that is delayed for more than 6 hours; and 2 claims per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

17. The maximum benefit amount for Trip Cancellation and Interruption Insurance is $10,000 per Covered Trip and $20,000 per Eligible Card per 12 consecutive month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

18. Baggage Insurance Plan coverage can be in effect for Covered Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier Vehicle (e.g. plane, train, ship, or bus) when the Entire Fare for a ticket for the trip (one- way or round-trip) is charged to an Eligible Card. Coverage can be provided for up to $2,000 for checked Baggage and up to a combined maximum of $3,000 for checked and carry-on baggage, in excess of coverage provided by the Common Carrier. The coverage is also subject to a $3,000 aggregate limit per Covered Trip. For New York State residents, there is a $2,000 per bag/suitcase limit for each Covered Person with a $10,000 aggregate maximum for all Covered Persons per Covered Trip. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

19. Car Rental Loss and Damage Insurance can provide coverage up to $75,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.

20. Coverage for a Stolen or damaged Eligible Cellular Wireless Telephone is subject to the terms, conditions, exclusions, and limits of liability of this benefit. The maximum liability is $800, per claim, per Eligible Card Account. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per Eligible Card Account per 12 month period. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by New Hampshire Insurance Company, an AIG Company.

21. When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty§ can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

22. Purchase Protection is an embedded benefit of your Card Membership and requires no enrollment. It can help protect Covered Purchases made on your Eligible Card when they’re accidentally damaged, stolen, or lost, for up to 90 days from the Covered Purchase date. The coverage is limited to up to $10,000 per occurrence, up to $50,000 per Card Member account per calendar year. Coverage Limits Apply. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.

23. Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

24. The secured Chime Credit Builder Visa® Card is issued by Stride Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.

25. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A., Members FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

26. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.

27. There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.

28. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Chime Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.

29. Money added to Credit Builder will be held in a secured account as collateral for your Credit Builder Visa card, which means you can spend up to this amount on your card. This is money you can use to pay off your charges at the end of every month.

30. Based on a representative study conducted by Experian®, members who made their first purchase with Credit Builder between June 2020 and October 2020 observed an average FICO® Score 8 increase of 30 points after approximately 8 months. On-time payment history can have a positive impact on your credit score. Late payment may negatively impact your credit score.

31. On-time payment history may have a positive impact on your credit score. Late payment may negatively impact your credit score. Chime will report your activities to Transunion®, Experian®, and Equifax®. Impact on your credit may vary, as Credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

32. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

33. SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your Visa debit card. Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions.

34. Tipping or not tipping has no impact on your eligibility for SpotMe®.

35. Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

36. Save When I Get Paid automatically transfers 10% of your direct deposits of $500 or more from your Checking Account into your savings account.

37. Round Ups automatically round up debit card purchases to the nearest dollar and transfer the round up from your Chime Checking Account to your savings account.

38. Mobile Check Deposit eligibility is determined by Chime in its sole discretion and may be granted based on various factors including, but not limited to, a member’s direct deposit enrollment status.

39. Funds are automatically debited from your Checking Account and typically deposited into the recipient’s Checking Account within seconds. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed.

40. Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.

41. MyPay is only offered in select states

42. To be eligible for MyPay, you must receive qualifying direct deposits to your Chime Checking Account as set forth in the MyPay Agreement. A qualifying direct deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”). Your MyPay Credit Limit and Maximum Available Advance may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 – $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply.

43. Not affiliated with Empower Annuity Insurance Company of America (www.empower.com). Not everyone will qualify. Offers range from $10-$300 for first-time customers; $10-$400 for all others. Offers are based on our eligibility requirements and can go up with on-time payments. In Feb 2025, the average offer was $95 for first-time customers; $187 for all others. Instant delivery is optional—see fees in Empower’s Terms. Empower offers a 14-day trial for first-time customers followed by an auto-recurring $8/month subscription fee. Cancel anytime.

* EarnIn is not available for Connecticut residents

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor's credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor's degree in journalism and an MBA.

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How to Get Online Payday Loans in Louisiana for Bad Credit

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