Installment Loans in Louisiana
Louisiana permits licensed consumer installment lending. Within the current PLS Cash Advance $700–$5,000 routing range, the Consumer Credit Law uses tiered annualized finance-charge ceilings of 36%, 27% and 24% across different portions of unpaid principal.
Louisiana legal category: Louisiana Consumer Loan / Licensed Lender Installment Loan · Louisiana Consumer Credit Law, including R.S. 9:3519
Louisiana installment loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Louisiana Consumer Loan / Licensed Lender Installment Loan
- Maximum amount in this regime
- Louisiana’s licensed-lender consumer-loan framework is broader than the current PLS Cash Advance selector. This page focuses on the $700–$5,000 range without asserting $5,000 as a statutory maximum.
- Term
- No single universal installment term is asserted across the licensed-lender framework; maturity and payment frequency depend on the contract and applicable Consumer Credit Law provisions.
- Regulator
- Louisiana Office of Financial Institutions (OFI)
- Verified
- 2026-09-06
Choose a loan type by amount
PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.
Payday Loans in Louisiana
Preferred routing for Louisiana payday/deferred-presentment intent based on the $700 cash-paid ceiling. The $740 OFI figure is an outstanding-principal cap, not an offer-fit target.
Installment Loans in Louisiana
Preferred routing for larger or multi-payment Louisiana requests after the $700 deferred-presentment cash-paid ceiling.
Amount and term limits
Louisiana’s licensed-lender consumer-loan framework is broader than the current PLS Cash Advance selector. This page focuses on the $700–$5,000 range without asserting $5,000 as a statutory maximum.
No single universal installment term is asserted across the licensed-lender framework; maturity and payment frequency depend on the contract and applicable Consumer Credit Law provisions.
Interest, fees and repayment
The statute allows different methods of contracting for finance charges so long as the annualized charge stays within the applicable tiered ceiling. Separate permitted charges can also apply.
R.S. 9:3519 caps the annualized loan finance charge by unpaid-principal tier: 36% on the first $1,400, 27% on the portion above $1,400 through $4,000, 24% on the portion above $4,000 through $7,000, and 21% above $7,000.
Licensed lender consumer loans may use installment repayment under the Louisiana Consumer Credit Law. The exact schedule depends on the contract and loan structure.
| Principal band | Maximum annual interest rate |
|---|---|
| $0–$1,400 | 36% |
| $1,400–$4,000 | 27% |
| $4,000–$7,000 | 24% |
| Over $7,000 | 21% |
Rollovers, refinancing and early payment
- Rollover allowed?
- Not reduced to a yes/no rule
Consumer installment refinancing is governed separately from deferred-presentment rollover restrictions; no universal rollover flag is asserted. - Prepayment penalty allowed?
- Not reduced to a yes/no rule
Louisiana law allows prepayment in full, but precomputed loans can have statutory rebate and limited prepayment-charge rules. This page does not simplify those provisions into a blanket no-penalty statement.
Louisiana borrower protections
- Louisiana OFI licenses and supervises non-real-estate consumer lenders.
- R.S. 9:3519 establishes tiered maximum annualized loan-finance charges.
- OFI publishes a current searchable list of licensed lenders.
- The $5,000 site boundary is editorial rather than a statutory maximum.
Louisiana loan cost calculator
How to verify a lender in Louisiana
Regulator: Louisiana Office of Financial Institutions (OFI).
Licensed Lender license for non-real-estate consumer loans when required
Official sources
- Louisiana R.S. 9:3519 — Consumer-loan finance charges · primary
- Louisiana OFI — Licensed Lenders · primary
- Louisiana OFI — Active Licensed Lender Licensees · primary
Last regulatory verification: 2026-09-06. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.