Rates & Fees
Transparency is important to us. Below you'll find detailed information about our rates and fee structure.
In Louisiana, payday loans are regulated to protect consumers. For loans up to $350, lenders can charge $20 per $100 borrowed plus a documentation fee of up to $10. For installment loans, rates vary based on the lender's terms and your creditworthiness. We always recommend reviewing the specific Loan Agreement provided by your matched lender for the exact APR and fee structure.
Annual Percentage Rate (APR)
200% - 700%
Representative Example
| Loan Amount | Term | APR | Finance Charge | Total Repayment |
|---|---|---|---|---|
| $100 | 14 days | 391% | $30 | $130 |
| $200 | 14 days | 391% | $50 | $250 |
| $300 | 30 days | 283% | $70 | $370 |
Representative Example: A $200 loan for 14 days with a $50 fee results in an APR of approximately 391%. Total repayment would be $250. Actual rates and fees depend on the lender and your specific state's laws.
State-Specific Information — Louisiana
Maximum Loan Amount: $350
Rate Cap: 391%
Regulations: LA Rev Stat § 9:3578.1 et seq. (Louisiana Deferred Presentment and Small Loan Act)
Licensing: Lenders must be licensed by the Louisiana Office of Financial Institutions (OFI).