Good to excellent credit
American Express
- Credit profile
- Excellent
- APR range
- 6.99% – 19.99%
- Loan amount
- $3,500 – $40,000
Personal finance / LA
Personal loans, banking, insurance, and debt help in Louisiana
Louisianans use personal loans to consolidate credit card debt, cover emergencies, fund home improvements, or pay for major life events, with both unsecured and secured options available.
31lenders in the dataset
LAstate guide
$2,259/yraverage homeowners premium in dataset
51jurisdictions in the dataset
01 / Personal loans
Personal loans in Louisiana
Louisianans use personal loans to consolidate credit card debt, cover emergencies, fund home improvements, or pay for major life events, with both unsecured and secured options available.
Interest-rate law
Louisiana's Consumer Credit Law runs a four-step tiered schedule for licensed lenders with no stated maximum loan size, so the marginal rate on large loans settles at 21% rather than becoming uncapped. A 2026 bill to raise the tiers had its rate language stripped in committee.
| Loan range | Rate | Statute |
|---|---|---|
| First $1,400 | 36% | R.S. 9:3519 |
| $1,400 – $4,000 | 27% | R.S. 9:3519 |
| $4,000 – $7,000 | 24% | R.S. 9:3519 |
| Above $7,000 | 21% | R.S. 9:3519 |
Lender complaints: Louisiana Office of Financial Institutions
02 / Lender directory
Lenders by credit profile
Good to excellent credit
Axos Bank
- Credit profile
- Excellent
- APR range
- 11.79% – 20.84%
- Loan amount
- $7,000 – $50,000
Good to excellent credit
Citi
- Credit profile
- Good - Excellent
- APR range
- 9.99% – 17.49%
- Loan amount
- $2,000 – $30,000
Good to excellent credit
Discover
- Credit profile
- Good - Excellent
- APR range
- 6.99% – 24.99%
- Loan amount
- $2,500 – $40,000
Good to excellent credit
LightStream
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.39%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
PenFed
- Credit profile
- Good
- APR range
- 7.99% – 17.99%
- Loan amount
- $500 – $50,000
Good to excellent credit
Prosper
- Credit profile
- Good
- APR range
- 8.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Good to excellent credit
Reach Financial
- Credit profile
- Not specified
- APR range
- 5.99% – 35.99%
- Loan amount
- $3,500 – $40,000
Good to excellent credit
Rocket Loans
- Credit profile
- Good
- APR range
- 8.01% – 29.99%
- Loan amount
- $2,000 – $45,000
Good to excellent credit
SoFi
- Credit profile
- Good - Excellent
- APR range
- 8.74% – 35.99%
- Loan amount
- $5,000 – $100,000
Good to excellent credit
USAA
- Credit profile
- Good - Excellent
- APR range
- 9.89% – 18.51%
- Loan amount
- $2,500 – $100,000
Good to excellent credit
Wells Fargo
- Credit profile
- Good - Excellent
- APR range
- 6.74% – 25.99%
- Loan amount
- $3,000 – $100,000
Fair credit
Achieve
- Credit profile
- Fair
- APR range
- 6.25% – 35.99%
- Loan amount
- $5,000 – $50,000
Fair credit
Avant
- Credit profile
- Poor to Good
- APR range
- 9.95% – 35.99%
- Loan amount
- $2,000 – $35,000
Fair credit
Best Egg
- Credit profile
- Fair
- APR range
- 6.99% – 35.99%
- Loan amount
- $2,000 – $50,000
Fair credit
Happen Bank (formerly LendingClub)
- Credit profile
- Fair
- APR range
- 7.04% – 35.99%
- Loan amount
- $1,000 – $60,000
Fair credit
LendingPoint
- Credit profile
- Fair
- APR range
- 7.99% – 35.99%
- Loan amount
- $1,000 – $36,500
Fair credit
Navy Federal Credit Union
- Credit profile
- Fair - Excellent
- APR range
- 8.74% – 18%
- Loan amount
- $250 – $50,000
Fair credit
Oportun
- Credit profile
- Fair
- APR range
- N/A – 35.95%
- Loan amount
- $300 – $10,000
Fair credit
Upgrade
- Credit profile
- Fair
- APR range
- 7.74% – 35.99%
- Loan amount
- $1,000 – $50,000
Fair credit
Upstart
- Credit profile
- Fair
- APR range
- 6.20% – 35.99%
- Loan amount
- $1,000 – $75,000
Poor or limited credit
CreditNinja
- Credit profile
- Poor
- APR range
- 195.75% – 349%
- Loan amount
- $300 – $5,000
Poor or limited credit
Integra Credit
- Credit profile
- Poor
- APR range
- 149% – 399%
- Loan amount
- $500 – $3,000
Poor or limited credit
Mariner Finance
- Credit profile
- Poor
- APR range
- 15.49% – 35.99%
- Loan amount
- $1,000 – $25,000
Poor or limited credit
NetCredit
- Credit profile
- Poor
- APR range
- 34% – 99.99%
- Loan amount
- $1,000 – $10,000
Poor or limited credit
OneMain Financial
- Credit profile
- Poor
- APR range
- 18% – 35.99%
- Loan amount
- $1,500 – $20,000
Poor or limited credit
OppLoans
- Credit profile
- Poor
- APR range
- 160% – 195%
- Loan amount
- $500 – $5,000
Poor or limited credit
Personify Financial
- Credit profile
- Poor
- APR range
- 36% – 179.50%
- Loan amount
- $500 – $15,000
Poor or limited credit
Rise
- Credit profile
- Poor
- APR range
- 99% – 199%
- Loan amount
- $500 – $5,000
Poor or limited credit
Security Finance
- Credit profile
- Not specified
- APR range
- N/A – 124.48%
- Loan amount
- $477 – $2,500
Poor or limited credit
World Finance
- Credit profile
- Poor
- APR range
- N/A – 99%
- Loan amount
- $450 – $12,000
03 / Debt consolidation
Debt consolidation
Louisiana's tiered schedule runs from 36% down to 21% depending on how much of the balance falls in each bracket, so a well-priced debt consolidation loan should land well under the blended rate; since the tiers never fully disappear, comparing multiple lenders still matters for larger loans.
04 / Banking and credit unions
Banking in Louisiana
National banks offer scale and convenience while Louisiana-based regional and community banks compete on relationship banking and local decision-making.
Banks listed
- ChaseNational bank.
- Hancock WhitneyHeadquartered in Gulfport, MS, with a large Louisiana presence.
- Regions BankHeadquartered in Birmingham, AL.
- First HorizonHeadquartered in Memphis, TN.
- Origin BankHeadquartered in Choudrant, LA.
- Bank of AmericaNational bank.
Credit unions
Louisiana credit unions are member-owned, not-for-profit institutions that often post lower rates and fewer fees than banks, with membership tied to location, employer, or association.
Median membership growth of about -1.3% year over year (Q4 2025 NCUA data), versus a national median of about -0.5%, alongside negative median loan growth (about -2.0%).
Unusually fragmented, built on small parish-level employer roots: chemical-industry roots (Louisiana USA Federal Credit Union), glass-manufacturing (Owens-Illinois-Libbey workers founded what became Northwest Louisiana Federal Credit Union), and state-agency roots (LES Federal Credit Union began 1950 among Dept. of Labor employees). Growth has come through slow, individually petitioned parish-by-parish community charter expansions rather than one sweeping law.
Federally insured credit union deposits are protected up to $250,000 through the National Credit Union Share Insurance Fund.
Credit unions listed
05 / Debt settlement
Debt settlement
Not legal for a typical for-profit debt settlement company. Louisiana law (La. Rev. Stat. § 14:331) prohibits debt adjusting for profit outright, a misdemeanor with a fine up to $500 and/or up to six months in jail. Attorneys, banks/fiduciaries, and title insurers are exempted.
06 / Insurance
Louisiana insurance
Regulator
Louisiana Department of Insurance
Insurance regulator websiteAuto insurance
15/30/25
Louisiana requires liability insurance of $15,000 per person/$30,000 per accident bodily injury, plus $25,000 property damage.
Homeowners and renters
$2,259/yr
- State requirement
- No
- National homeowners average
- $1,337/yr
- Renters average
- $243/yr
Some of the country's most significant hurricane and flood exposure, with wind, storm surge, and flood damage from Gulf storms representing the single biggest homeowner risk.
07 / Questions
Louisiana FAQs
How do I file a complaint against a lender in Louisiana?
Contact the Louisiana Office of Financial Institutions, which licenses and supervises consumer lenders operating in Louisiana.
How do I file a complaint against my insurance company in Louisiana?
File with the Louisiana Department of Insurance.
What's the maximum interest rate a lender can legally charge on a personal loan in Louisiana?
A four-tier schedule with no upper size limit: 36% on the first $1,400, 27% on $1,400-$4,000, 24% on $4,000-$7,000, and 21% above $7,000. A 2026 bill that would have raised these tiers had its rate provisions stripped in committee.
What credit score do I need for a personal loan in Louisiana?
It depends on the lender. Banks and credit unions generally want a FICO score of 700+, FinTech lenders work with fair credit (low-to-mid 600s), and some lenders serve poor/limited credit at higher APRs.
Are payday loans legal in Louisiana, and are there caps on fees or loan amounts?
Yes, and a 2025 law significantly loosened the rules. Deferred presentment loans, historically capped at $350, can now go up to $700 (inflation-adjusted to about $720 through August 2026) under 2025's Act 510. The finance charge is capped at 16.75% of the check's face amount plus a documentation fee; a separate small-loan category remains capped at $350.
How long can a debt collector legally pursue an unpaid debt in Louisiana before the statute of limitations runs out?
Written contracts have a 10-year prescriptive period (Civil Code Art. 3499); open accounts, including credit cards, have 3 years (Art. 3494). Louisiana uses "prescription" rather than "statute of limitations," and filing a lawsuit interrupts (pauses) the clock. A payment can also restart it.
What's the difference between a debt consolidation loan and debt settlement for someone living in Louisiana?
A consolidation loan pays off debts in full with new borrowed money at a lower rate; settlement negotiates a reduced payoff but requires halting payments first. Louisiana prohibits for-profit debt adjusting outright, so a consolidation loan, subject to the tiered usury schedule, is the clearly legal path.
