Payday Loans in Louisiana  Online No Credit Check | Apply at Paydaypact Today

In the state in which it is located, Louisiana, payday lending is deemed legally valid.

Louisiana has a cash advance limit for payday loans. Payday loans can be availed for a period of up to 30 days.

The maximum charge for a loan from Payday is 16.75 percent of the lent sum; the actual APR is 391 percent. There are no rollovers allowed. Illegal actions are not allowed.

While most states are trying to restrict payday lending rules, Louisiana seems to be taking a different path. In the wake of the imminent CPPB payday loan rules, lenders attempted to pass a bill that would expand loans for payday (higher loan amount, more duration).

However, fortunately for thee, the House committee voted the bill down. Louisiana will remain with the current regulations for payday loans at the moment.

What Are Payday Loans and How Do They Work?

Payday loans from Paydaypact can be taken out in hours. You’ll have to pay them off in full when your next paycheck comes in. Do you need additional time to pay back the loan? Installment loans in Louisiana may be repaid over time.

Yes, payday loans from Paydaypact are legal in Louisiana, and as a result, the state’s payday lending providers must adhere to a set of regulations. A company must be licensed in every place where it operates, and there are regulations on interest rates, maximum loan amounts, and other aspects of the lending industry. The maximum loan amount for payday lenders in Louisiana is $350.

How to Apply for a Payday Loan in Louisiana from Paydaypact?

Applying for a Louisiana payday loan from Paydaypact is simple and may be done either in person or online. The following are some requirements that must be satisfied.

  • The minimum age is 18 years old.
  • Citizens of the United States of America
  • a position of employment
  • Name, date of birth, social security number, and a legitimate photo identification
  • Address, e-mail, and phone number
  • Details about one’s income and employment.
  • Take a look at your bank account information.

Paydaypact Loan amount in Louisiana

The Louisiana Deferred Presentment and Small Loan Act By the Louisiana Deferred Presentment and Small Loan Act, it is prohibited to make loans of over 350 dollars to a person in Louisiana.

Paydaypact Prices, fees, and Other Costs in Louisiana

Lenders that are willing to work within the state must be able to adhere to the following fees and fees that are permitted:

  • “A licensee can charge a fee that is not to over 16.75 percent of face value on the cheque given.” (La. Stat. Ann. 9:3578.1 et seq.)
  • So, 16.75% max. of the loan amount with a maximum fee of $45, plus a $10 document fee.
  • Additionally, a finance fee for a loan of $100 over 14 days is $30.

Paydaypact Maximum Terms for Payday Loans in Louisiana

  • The loan is granted for an amount of up to thirty days.
  • The rollovers do not permit to be used in Louisiana.

How Can I Get Payday Loans from Paydaypact With No Credit Checks?

If you need a Louisiana payday loan with no hard inquiry from a typical credit bureau, apply for a short-term loan from direct lenders online like Paydaypact.

Getting a payday loan from Paydaypact with or without a credit check is explained below.

  1. Compare loan alternatives and lenders.

Payday loans may be obtained from various lenders, some of which don’t need a credit check. The next step is to look at several lenders and loan types to see which one best suits your requirements and budget.

  1. Gather all required paperwork.

Ensure you have all of the necessary paperwork and information before applying for a payday loan. In addition to a driver’s license and a valid checking account, you’ll also need verification of your salary.

  1. Completing and submitting an application is the first step.

Obtaining a payday loan is as simple as filling out an application in person or online. Before submitting your application, double-check that all of the information you provided is valid and complete.

  1. Be patient, and look forward to being granted permission.

Waiting for payday loan approval is inevitable once you submit your application. Even if you don’t qualify for a loan right away, you may find out within a few minutes.

  1. Get your money

If you’re authorized for a payday loan, you’ll have the money in your bank account the same day you apply if you don’t have a credit check. Essential and emergency costs will be covered at this point.

What if Your Bank Denied You a Loan?

If you think your financial situation is as stable as it can be, you do not need to wait before applying again after receiving a refusal; instead, contact another lender and submit an application for a loan with them. After trying your local bank or credit union, you may also look for internet lenders.

Why Is It Not a Good Idea to Borrow Money From Family and Friends?

You risk damaging such connections when you lend money to a friend or family member, mainly if you think they could have difficulties paying it back. This emotional harm may often seem more significant than financial loss.

What Are the Consequences if You Cannot Repay Your Loan from Paydaypact on Time?

The payday lender may transfer your outstanding balance to a collection agency at some time in the future. In the end, you could be responsible for paying back the amount you borrowed in addition to the fee, any overdraft penalties or fines for the rejected check, potential collection fees, and any possible court expenses if the payday lender or collection agency sues you.

Paydaypact Consumer Information


From Juli 2020 onwards, loan lenders will not be required to determine a borrower’s ability to repay loans.

Be cautious, take a look at your financial situation, and don’t fall into debt.

The rule was amended through the CFPB.

  • Criminal charges aren’t allowed within the State of Louisiana.


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Personal Finance Writer | + posts

Jamie Johnson is a freelance writer with a focus on business and finance who lives in Kansas City. She covers a wide range of personal finance themes, including credit card creation and construction, as well as personal and student loans. Her work has been featured in Business Insider, CO by the United States Chamber of Commerce, GOBankingRates, and Yahoo! Finance, in addition to contributing articles for PaydayPact.

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