To obtain a payday loan, there are certain requirements that need to be met. Firstly, the applicant must be at least 18 years old and a citizen or permanent resident of the United States. Additionally, a steady source of income is crucial, as lenders need assurance that the borrower will be able to repay the loan. This can be in the form of employment, government benefits, or other verifiable income. Another requirement is a valid checking or savings account, as this is where the loan funds will be deposited and subsequent repayments will be withdrawn. Lastly, the borrower must provide a valid identification document, such as a driver’s license or passport, to verify their identity. Meeting these requirements is essential to qualify for a payday loan and access the necessary funds quickly.


In the state of Louisiana, payday loans are subject to specific rates and terms. The maximum loan amount is $350, and the loan term cannot exceed 60 days. Lenders are allowed to charge a finance charge of up to 16.75% of the loan amount, which can amount to significant interest depending on the loan duration. It is crucial to carefully review the terms and conditions of the loan agreement to understand the total cost of borrowing. Additionally, Louisiana law prohibits lenders from rolling over or refinancing payday loans, which helps prevent borrowers from falling into a cycle of debt. Understanding these rates and terms is vital when considering a payday loan in Louisiana to make informed financial decisions. If you have any questions about the requirements please give our office a call.


What You Need To Get A Loan

  • Drivers license or State Id.
  • Checking account with debit card.
  • Last bank statement & paystub.
  • You must have direct deposit.