LA state reference
Louisiana lending rules
Louisiana has 302 Census places covered on Personalloaned, with a combined estimated population of 1,761,861. Personal-loan terms in Louisiana are set by licensed lenders under state law; the sourced rules below apply to every borrower in the state.
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- Usury cap 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1))
- Payday lending Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses
- State regulator Louisiana Office of Financial Institutions (OFI), Non-Depository Division
Sourced rules
Key rules for borrowers in Louisiana
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." |
Louisiana State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." |
Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" |
Louisiana Office of Financial Institutions as of 2026-09-16 |
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." |
Louisiana Office of Financial Institutions as of 2026-09-16 |
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" |
Louisiana State Legislature as of 2026-09-16 |
Cities in Louisiana
We cover 302 Census places in Louisiana. The count and the combined population figures are summed from the US Census Bureau's Vintage 2023 subcounty population estimates (retrieved 2026-09-17).
Common questions