Fast Online Payday Loan [ LAFAYETTE ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Lafayette Louisiana USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – Lafayette, LA installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Lafayette, LA, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
Cash Advance Near Me :: Lafayette Louisiana Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| OneMain Financial | 104 E Kaliste Saloom Rd, Lafayette, LA 70508 | +1 337-235-1658 |
| Cash Cow | 4019 Johnston St, Lafayette, LA 70503 | +1 337-993-1209 |
| Cajun Loan | 2470 W Congress St, Lafayette, LA 70506 | +1 337-261-4821 |
| Security Finance | 411 Lee Ave, Lafayette, LA 70501 | +1 337-237-0098 |
| ACE Cash Express | 100 E Willow St, Lafayette, LA 70501 | +1 337-269-5994 |
| American Cash Advance | 2505 Moss St, Lafayette, LA 70501 | +1 337-264-6077 |
About Small Loans in Lafayette Louisiana
Payday Loan Terms & Requirements
Below is a clear, compact guide to typical terms, borrower requirements, risks, and how payday lending works in Lafayette, Louisiana. Laws and lender practices can change, so tell me if you want me to look up the current local statutes or specific lender offers.
Quick definition
A payday loan is a short-term, unsecured cash advance intended to be repaid on your next payday. Amounts are usually small, terms are short (often 7–30 days), and total cost can be very high when expressed as an annual percentage rate (APR).
Typical borrower requirements
- Age: 18 years or older.
- Identification: government ID (driver’s license, state ID, passport).
- Residency: local address in Lafayette/LA; sometimes proof of residence (utility bill).
- Social Security Number: often required for identity verification (full SSN or last 4 digits).
- Bank account: active checking account (required for repayment by check or ACH).
- Proof of income: recent pay stubs, employment verification, or bank statements showing regular deposits.
- Contact information: phone number and email.
Typical loan terms & mechanics
- Loan amounts: commonly $100–$1,000 depending on lender and state limits.
- Loan term: usually until your next payday — commonly 7–30 days.
- Fees/charges: a flat fee or percentage charged for the short term rather than a conventional interest-rate structure. That fee converts to a very high APR.
- Repayment method: post-dated check, authorization to debit your bank account, or electronic ACH withdrawal on due date.
- Rollovers/extensions: some lenders allow rollovers (extending the loan) for additional fees; limits vary by lender and state law.
- Collection & default: failure to repay can lead to bank account withdrawal attempts, NSF fees, collections calls, negative credit reporting, and possible legal action.
Louisiana-specific notes (what to watch for)
- Louisiana has specific statutes regulating consumer finance, licensing, and permissible fees for small-dollar lenders. Local parish ordinances or city rules may also apply.
- Some lender practices that exist elsewhere (unlimited rollovers, automatic rebilling without clear consent) may be restricted by state law; conversely, Louisiana historically has permitted high-cost small-dollar lending under regulatory frameworks — check current statutes or the Louisiana Office of Financial Institutions for precise caps and licensing requirements.
- Licensed lenders must provide disclosures of fees and terms; always ask for a written agreement and the exact repayment schedule.
Consumer protections & practical tips
- Ask for the full written agreement and read the fee, repayment date, and default terms.
- Compare alternatives: credit union payday-alternative loans, small personal loans, employer paycheck advances, installment loans with lower APRs, or local non-profit emergency assistance.
- Avoid rollovers unless you fully understand cumulative cost.
- Keep records: copies of the loan agreement, proof of payment, dates of withdrawals.
- If you suspect unfair or illegal practices, contact the Louisiana Office of Financial Institutions or the Lafayette Better Business Bureau and consider filing a complaint with the Consumer Financial Protection Bureau (CFPB).
