Personal Installment Loans in Louisiana
Primo Personal Loans is a direct lender serving Louisiana residents, including New Orleans, Baton Rouge, and Shreveport. Apply online in minutes for a personal installment loan, get a decision the same business day, and repay on a fixed schedule you know before you sign.
Louisiana installment loans at a glance: Personal installment loans are legal in Louisiana and regulated by the Louisiana Consumer Credit Law under LA Rev Stat § 9:3519 (2025). Rates are capped at 36% on loans ≤$1,400; 27% on $1,401-$4,000; 24% on $4,001-$7,000; 21% above $7,000. A prepayment penalty is permitted here, so check that term before you sign along with the full APR and payment schedule the lender must disclose. Louisiana also allows payday loans.
Rules current as of July 2026.
Personal Installment Loan Rules in Louisiana
Louisiana caps APR in tiers by loan amount — the full schedule is in the table below.
Governing law: LA Rev Stat § 9:3519 (2025)
Rates & Terms for Personal Installment Loans in Louisiana
Personal installment loans in Louisiana have tiered APR caps based on loan amount: 36% on principals up to $1,400, 27% from $1,401 to $4,000, 24% from $4,001 to $7,000, and 21% above $7,000 (LA Rev Stat § 9:3519 (2025)). An origination fee may not exceed $50 (LA Rev Stat § 9:3530). A license is required to offer these loans.
APR Tiers by Loan Amount in Louisiana
Unlike flat-rate states, Louisiana law sets different maximum APRs depending on how much you borrow. Smaller loans may carry higher rates; larger loans are typically capped at a lower APR. The table below reflects the statutory maximums — lenders may charge less.
| Loan Amount Range | Max APR | Statutory Basis |
|---|---|---|
| Up to $1,400 | 36% max APR | LA Rev Stat § 9:3519 (2025) |
| $1,401 – $4,000 | 27% max APR | LA Rev Stat § 9:3519 (2025) |
| $4,001 – $7,000 | 24% max APR | LA Rev Stat § 9:3519 (2025) |
| Varies | 21% max APR | LA Rev Stat § 9:3519 (2025) |
APR tiers set by Louisiana law. Your exact rate depends on loan amount and lender.
What a Personal Installment Loan Costs in Louisiana
| Loan Amount | Term | APR (est.) | Total Interest | Total to Repay |
|---|---|---|---|---|
| $1,000 | 24 months | 36% | $417 | $1,417 |
| $5,000 | 24 months | 24% | $1,340 | $6,340 |
| $10,000 | 24 months | 21% | $2,280 | $12,280 |
Louisiana law sets tiered APR caps based on principal amount: 36% for loans up to $1,400, 27% for $1,401-$4,000, 24% for $4,001-$7,000, and 21% for amounts above $7,000 as per LA Rev Stat § 9:3519 (2025). The lender must provide a Truth-in-Lending disclosure showing the exact APR before signing.
What Louisiana Residents Should Know
Louisiana residents should be aware that personal installment loan rates vary by loan amount, with APRs ranging from 21% to 36% depending on the principal (LA Rev Stat § 9:3519 (2025)).
Consumer Protections in Louisiana
Consumers in Louisiana are protected by a cap on late fees, which is the greater of 5% of the installment or $10 (LA Rev Stat § 9:3527). Prepayment penalties are allowed, capped at 5% of the unpaid principal if prepaid in the first year (LA Rev Stat § 9:3532.1).
Debt Collection Rules
- Criminal prosecution for non-payment: not permitted
Prepayment & Refinancing Rules in Louisiana
Understanding your repayment flexibility is important when choosing a personal installment loan in Louisiana.
- Prepayment penalties are permitted in Louisiana but capped: 5% of unpaid principal balance if prepaid in first year.
Federal Consumer Protections for Installment and Payday Loan Borrowers
| Federal Law | What It Gives You | Citation |
|---|---|---|
| Truth in Lending Act / Regulation Z | Regulation Z protects consumers by requiring clear disclosure of key credit terms and costs. | 15 U.S.C. § 1601 et seq.; 12 CFR Part 1026 |
| Military Lending Act | The MLA caps the annual percentage rate at 36% for loans to active duty service members and their dependents. | 10 U.S.C. § 987 |
| Fair Debt Collection Practices Act / Regulation F | Regulation F governs the practices of debt collectors, prohibiting abusive, deceptive, and unfair practices. | 15 U.S.C. § 1692; 12 CFR Part 1006 |
| Fair Credit Reporting Act / Regulation V | Regulation V ensures accuracy and privacy of consumer credit information held by credit reporting agencies. | 15 U.S.C. § 1681; 12 CFR Part 1022 |
| Equal Credit Opportunity Act / Regulation B | Regulation B prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, or age. | 15 U.S.C. § 1691; 12 CFR Part 1002 |
| CFPB UDAAP authority | The CFPB can take action against unfair, deceptive, or abusive acts or practices in consumer financial products or services. | 12 U.S.C. § 5531, 5536 |
These federal protections apply in all 50 states regardless of state law. They set a baseline floor of consumer rights.
Full detail on each of these six federal protections, including what your lender must disclose before you sign and the 36% rate cap that applies to active-duty service members.
Federal Payday Lending Rules That Apply in Louisiana
Federal regulations, such as those from the CFPB and the Military Lending Act, apply in addition to state laws, providing an additional layer of consumer protection.
Louisiana Installment Loan Rules: FAQ
Yes. Personal installment loans are legal in Louisiana and regulated under LA Rev Stat § 9:3519 (2025). Lenders must hold a state license to make these loans. A licensed lender has to follow the state's limits on rates, loan size and fees, and disclose your APR, finance charge and full payment schedule before you sign.
Louisiana sets its installment loan rate ceiling by loan size rather than with one flat cap: 36% on loans ≤$1,400; 27% on $1,401-$4,000; 24% on $4,001-$7,000; 21% above $7,000 under LA Rev Stat § 9:3519 (2025). Which tier applies depends on how much you borrow, and a lender may charge less than the maximum. The exact APR has to appear in your loan agreement before you sign.
There can be. Louisiana law permits a lender to charge a prepayment penalty on a personal installment loan under LA Rev Stat § 9:3519 (2025), within statutory limits. Not every lender charges one, so ask for the prepayment terms in writing before you sign if you expect to repay early.
Louisiana caps loan fees separately from interest under LA Rev Stat § 9:3519 (2025). Origination fee: not exceed $50. Late fee: 5% of installment or $10, whichever is greater. Anything a lender charges beyond these has to be itemised in your agreement, so compare the total finance charge and not just the advertised rate.
Yes. Alongside installment lending, Louisiana permits payday loans under LA Rev Stat § 9:3578.1 et seq. A payday loan there is capped at $350 and a term of up to 60 days. Rollovers are not permitted. A payday loan is a single lump-sum repayment tied to your next pay date, which makes it a different and usually far more expensive product than an installment loan repaid over months.
