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Installment Loans for Bad Credit in Louisiana

Installment Loans for Bad Credit in Louisiana

4.2100538599641

Start a simple online application for bad credit Installment Loans in Louisiana and get the money today!

Need fast cash in Louisiana? Then $1,000 - $5,000 Installment Loans are a perfect choice for you. They are characterised by rather small amount which is easy to repay and enough to solve most financial problems or pay for unexpected bills. Besides, direct lenders offer a convenient repayment plan of equal installments within 3 - 36 months. Installment Loans are unsecured but due to small amount not as expensive as Payday Loans. Bad credit is not a problem to get approval for the necessary funds. Just fill out a simple application form and get the money in 1 - 2 days.

Direct lenders guarantee instant approval Installment Loans for bad credit as well as good credit borrowers. Just complete a simple application form in minutes to get the money today.

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Why Choose Compacom for Installment Loans in Louisiana

If you've come across urgent financial needs and the next pay day is far away, Compacom will help you get instant cash today with fast and easy Online Payday Loans from the best Louisiana direct lender. More than 280 900 trust us and they have clear-cut reasons.
Quick and Easy
Apply for a fast payday loan online right now and pay the money back with your next paycheck.
No Hard Credit Check
Get guaranteed instant approval decision without hard inquiry no matter what your credit is.
Safe and Reliable
Get connected with the best legit direct lenders. OLA certified. Trusted by thousands of US borrowers.

How Louisiana Installment Loans Online Work - 3 Easy Steps to Instant Cash

Complete a simple application form online in minutes at the best Louisiana lender's website.
If you qualify, you'll be approved fast same day. Check your rates and sign a loan agreement.
Get your Installment Loans fast with a direct deposit to your bank account.
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Are Installment Loans Legal in Louisiana?

Loan Rates and Fees, Laws and Regulations in Louisiana.

We've done a thorough research of the main lending details and presented them in the table to make it more clear and convenient for you:

Law statuslegal
MIN Loan Amount$1,000
MAX Loan Amount$5,000
MIN. Loan Term90 days
MAX. Loan Term36 month
MIN APR6.63%
Collateral or guarantorNone, unsecured
Credit score requirementsAvailable for Bad Credit
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Apply for Online Installment Loans and get instant decision from top lending organizations

TOP RATED COMPANIES

Rates last updated April 13th, 2024
4.537037037037
(810 votes)
Funded Justice
6,63%
Min APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things

None, Unsecured
Collateral

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

$1,000
Min Loan Amount

It’s the minimal amount of cash advance you can apply for. It’s not always stated

Available for Bad Credit
4.5059328968903
(4K+ votes)
LEND YOU
$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6.63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
5
(1 vote)
E-Skills Loans
$5,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

6.63%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.1394025604552
(1K+ votes)
Indylend
$5000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
MIN APR

The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral, or Co-signer

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.7931873479319
(822 votes)
Smart Pig
$5000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

4.99%
MIN APR

The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral, or Co-signer

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Louisiana Installment Loans Near Me

Get a quick cash loan near your location

We are soon expanding to the following cities of Louisiana. For instant cash advance at these locations you can use our online application form

What are Louisiana Installment Loans?

Louisiana installment loans have emerged as a popular financial solution for individuals seeking flexible borrowing options. These loans provide borrowers with a convenient way to obtain funds while repaying them in fixed installments.

Unlike payday loans, which typically require repayment in a lump sum, installment loans offer borrowers greater flexibility by spreading out repayments.

The Application Process for LA Installment Loans

Securing a Louisiana installment loan involves a straightforward application process. Borrowers are required to provide basic personal information, employment details, and proof of income. Lenders assess this information to determine the loan amount and interest rate applicable to the borrower.

Before starting the application, gather the necessary documents and information. This may include your identification documents (such as a driver's license or passport), proof of residence (utility bills or lease agreement), employment details (employer's name, address, and contact information), proof of income (pay stubs or bank statements), and any other requested documentation.

  1. Submit the Application: Once you have filled out the application and gathered the required documentation, submit your application to the lender. If applying online, follow the instructions to submit the application electronically. If applying in person, provide the completed application and supporting documents to the lender.
  2. Review Loan Terms: After submitting your application, the lender will review your information and assess your eligibility. If approved, they will provide you with the loan terms, including the loan amount, interest rate, repayment schedule, and any applicable fees. Take the time to carefully review and understand the terms before accepting the loan offer.
  3. Accept the Loan Offer: If you are satisfied with the loan terms, you can accept the loan offer. This is usually done by signing a loan agreement, either electronically or in person at the lender's office. Make sure to read the agreement thoroughly and ask any questions you may have before signing.
  4. Receive the Funds: Once you have accepted the loan offer and signed the agreement, the lender will typically disburse the loan funds. The funds may be directly deposited into your bank account or provided to you in another form, depending on the lender's policies.

Eligibility Requirements for Louisiana Installment Loans

  1. Age: You must be at least 18 years old to be eligible for a Louisiana installment loan.
  2. Proof of Identification: You will need to provide a valid identification document, such as a driver's license or passport.
  3. Proof of Residence: Lenders may require proof of your current address, such as utility bills or a lease agreement.
  4. Employment or Income Verification: You will need to provide proof of employment or a stable source of income to demonstrate your ability to repay the loan. This can include pay stubs, bank statements, or tax returns.
  5. Active Bank Account: Most lenders require borrowers to have an active bank account where the loan funds can be deposited and repayments can be made.
  6. Credit History: While some lenders may consider credit history, others may be more lenient and focus on factors such as income and employment stability. Having good credit may increase your chances of obtaining favorable loan terms, but it's not always a strict requirement.

Benefits of Louisiana Installment Loans

  1. Financial Flexibility: Installment loans provide borrowers with the flexibility to address their financial needs promptly while spreading out repayments over a manageable period.
  2. Predictable Repayment Schedule: With fixed interest rates and equal monthly installments, borrowers can plan their budgets effectively, ensuring they can meet their repayment obligations consistently.
  3. Potential Credit Improvement: Responsible repayment of installment loans can contribute positively to an individual's credit history, potentially enhancing their credit score over time.
  4. Higher Loan Amounts: Compared to other short-term loans like payday loans, Louisiana installment loans typically offer higher loan amounts. This allows borrowers to access more substantial funds, making it a suitable option for larger expenses or consolidating multiple debts into a single loan.
  5. Timely Access to Funds: Once approved for a Louisiana installment loan, borrowers can typically receive the funds quickly. Depending on the lender and their processes, funds may be deposited directly into the borrower's bank account within a short period, allowing them to address their financial needs promptly.
  6. Personalized Loan Terms: Louisiana installment loans often offer personalized loan terms based on the borrower's financial situation. Lenders consider factors such as income, credit history, and repayment capacity to determine the loan amount and interest rate, ensuring that the terms are tailored to the borrower's specific circumstances.

Options for Bad Credit Borrowing in LA

Options for Bad Credit Borrowing

Reason to Apply

Alternative Lenders

Online lenders and credit unions with flexible eligibility criteria

Co-signers

Having a co-signer with a stronger credit profile to increase approval chances

Credit Repair

Taking steps to improve creditworthiness, such as addressing debts and making timely payments

Secured Loans

Using valuable assets (e.g., car or savings account) as collateral to increase approval chances

Peer-to-Peer Lending

Connecting with individual investors through online platforms for loans with more flexible criteria

Payday Alternative Loans (PALs)

Affordable loan options offered by credit unions as alternatives to traditional payday loans

Credit Union Loans

Small-dollar loans, including installment loans, offered by credit unions with more lenient credit criteria

Online Installment Loan Platforms

Platforms that connect borrowers with lenders specializing in bad credit installment loans

Thoroughly assess each choice, contrasting elements like interest rates, costs, repayment conditions, and borrower reviews. Before pursuing any borrowing option, make sure you carefully study the terms and circumstances and take into account your capacity to comfortably repay the loan.

Louisiana Installment Loans Near Me

Find Louisiana providers of installment loans by using search engines and online directories. You might try typing "installment loans in Louisiana" or "installment loan providers near me." A list of lenders in your area should be produced as a result.

Consult your local banks and credit unions for more information. They might provide Louisianans with installment loans. To learn about their loan offerings and requirements, visit their websites or get in touch with their customer care.

Take into account online lending platforms that link lenders and borrowers. You can submit a single application on these services to get bids from many lenders. Prior to giving any personal information, make careful to verify the platforms' legitimacy and check user evaluations.

Ask for referrals from friends, family members, or other reliable people who may have used Louisiana installment loans in the past. They might be able to offer recommendations for reputable lenders or offer personal stories.

Cash Advance and other Money Offers in Louisiana

Up to $1,000 instant cash advance for a short term of 14 - 30 days. Same-day financing once approved. Bad credit is considered too.
$5,000 - $35,000 quick loans for any personal needs. Available for any credit score and don't require any collateral.
Fast Title Loans secured by your vehicle title as collateral. No inspection. No credit checks. Instant cash for bad credit same day.

FAQ

 
What should I do if I encounter a predatory lender in Louisiana?
 
Can I use collateral to secure a Louisiana installment loan?
 
How often can I apply for a Louisiana installment loan?
 
Are there restrictions on how I can use the funds from a Louisiana installment loan?

Installment Loans Hub

In the Installment Loans Hub, we've collected all the useful guides and resources on Installment Loans. Our experts conducted thorough research to give you the answer to any possible question on the topic.

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