Short-term loans in Baton Rouge, Louisiana

Here's what you need to know about short-term loans in Baton Rouge

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When you’re looking into a short-term loan just to get by, you don’t want to be bogged down by legal language. Our guide will tell you how much a short-term loan will end up costing you in Baton Rouge so you can make your decision to borrow quickly.

Our top pick: OppLoans Installment Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
  • Easy online application
  • Quick approval
  • Fast funding
  • Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 business day
  • Loan Term: 9 to 36 months
  • Requirements: Direct deposit, meet minimum income requirements
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What should I know about short-term loans in Baton Rouge

Whether you apply in-store or online, you and your lender will have to abide by Louisiana state law. This means you can borrow up to $350 and your loan term will be for 60 days or less. If you’re unable to repay your loan on time, you may qualify for a repayment plan, and lenders can only charge 16.75% in financing fees.

If you want to know more, check out our page on Louisiana payday lending laws

How much will a payday loan end up costing?

It depends on how much you need to borrow. Taking out $350 will cost more than taking out $100 because the financing fee will be different. At the state maximum financing fee of 16.75%, if you borrow $350, you’ll end up paying back $408.63. If you borrow $100, you’ll have to pay back $116.75.

In addition, if you make a late payment, you’ll be subject to collection fees based on the bank charge and the greater of $25 or 5% of the check. Defaulting on a loan will be even more expensive. Your lender can charge you 36% per month for 12 months and 18% after for every month your balance remains unpaid.

Compare short-term lenders with the table below

Updated November 21st, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$1,200
As soon as the next business day
Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member
Borrow up to $1,200 — but only if you live in Missouri or Utah.
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

Why a short-term loan in Baton Rouge might work for you

  • Easy application. Most applications only take five to ten minutes to fill out if you have all of your personal documentation ready to go.
  • Low maximum loan amount. You can’t borrow more than $350 through a short-term loan in Baton Rouge and other cities in Louisiana. This limits the chance of you falling into high levels of debt.
  • Get cash quickly. If you apply at a storefront you can get the money you need the same day. When you apply online, you can get your money as soon as the next business day.
  • Loan term limits. The maximum loan term is 60 days, but if you aren’t able to pay back your loan by its due date, you can choose to repay the money you owe in installments. However, you can’t do this more than once every twelve months.

Here’s how you can apply for a short-term loan

Whether you go online or visit a storefront, you’ll have to be at least 18 years old, a US citizen or permanent resident and have a steady source of income.

You’ll have to provide some personal information.

  • Your name, address, email and phone number
  • Your date of birth, Social Security number and a state-issued ID
  • Your employer’s name, address and phone number
  • Your gross monthly income
  • Your checking account details

Help during the holidays

Emily needed a little help making in through the holidays, but since she has a low credit score, she didn’t think she’d be approved by a traditional bank. After reading up on payday lenders in Baton Rouge, she found one that offered the $300 she needed.

The lender charged her a $10 documentation fee and a finance charge of $45, the maximum amount Louisiana law permits

On the due date a month later, she had to pay $355 to her lender. If she hadn’t paid her loan off on time, she would have had to pay more interest and collection costs. By keeping track of her spending and saving up for the total amount, Emily avoided the many fees that make short-term loans dangerous.

Short-term loans near you in Baton Rouge, Louisiana

Here’s where you can visit short-term lenders

  • AAA Check Loan. 10466 Airline Hwy #A, Baton Rouge, LA 70816
  • ACE Cash Express. 12330 Florida Blvd, Baton Rouge, LA 70815
  • Advance America. 3132 College Dr B, Baton Rouge, LA 70808
  • Check Into Cash. 9230 Florida Blvd B, Baton Rouge, LA 70815
  • Dr. Check. 6240 Florida Blvd, Baton Rouge, LA 70806
  • National Cash Advance. 11445 Coursey Blvd, Baton Rouge, LA 70816
  • Paycheck Loans. 8345 Florida Blvd C, Baton Rouge, LA 70806
  • Payday Today. 11457 Florida Blvd, Baton Rouge, LA 70815
  • Quick Cash. 9705 Florida Blvd #101, Baton Rouge, LA 70815
  • Speedy Cash. 10828 Florida Blvd, Baton Rouge, LA 70815

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