Cash Advance and Payday Loans in New Orleans, LA

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Payday loans are cash advances that borrowers repay with their next paycheck. These short-term advances are used for a number of purposes, from vehicle repair costs to medical expenses.

Advantages of Taking Out a Payday Loan in New Orleans

Unlike conventional loans from banks and credit unions, short-term lenders may have less strict rules regarding application requirements. Applicants with poor credit, who do not have access to a regular bank account, and who work nontraditional jobs or rely on government benefits are still eligible to apply. Nontraditional income may include self-employment, government benefits, or income from investments, royalties, alimony, or child support payments.

Lenders often charge high-interest rates because most short-term loans only earn interest for two to four weeks. Out of the profit, lenders may need to pay administrative costs and cover consumers who default on their loans. Payday loans are therefore not best for long-term financing but can be better-suited for people that need a little extra cash. Popular reasons for taking out a short-term loan include:

  • Emergency home or auto repairs
  • Child-related expenses
  • Personal expenses
  • Living expenses
  • Medical expenses
  • Extra cash for travel

There are many other reasons why consumers use short-term loans.

How to Get a Cash Advance and Payday Loan in New Orleans?

Residents can apply for a payday loan in Louisiana at a storefront lender or online. The application process can take as little as 15 minutes. Applicants must be at 18 years of age or older and may need to provide the following information upon applying:

  • Legal state or federal ID proving age, identity, and current address
  • Bank account information
  • Social Security number
  • Employment information
  • Information on alternate sources of income for people without regular employment

Short-term lenders may base loan approval on each applicant’s income and debt-to-income ratio, determining whether a borrower can afford to repay a given loan. Once approved, borrowers may get their loan funds within at least one business day.

Cash Advance and Payday Loan Requirements

To request a payday loan in New Orleans, Louisiana, a consumer will need to meet the lender’s requirements. These may include the following:

  • Be 18 years or older
  • Have a Social Security number
  • Have proof of residence in New Orleans, Louisiana
  • Have a stable source of income
  • Have a phone number and email address

Requirements may vary by lender.

Cost and Regulations of Cash Advance and Payday Loans in New Orleans, LA

Louisiana regulations limit short-term loans to $350 or less, and interest to 16.75% of the amount advanced. The loans must not be rolled over. The APR in the state of Louisiana is limited to 391%. Recent legislation has been introduced to expand these limits, but some of these laws have yet to be approved.

Short-term loans can carry higher interest rates than other loans. While state law limits interest charges to 16.75% of the amount borrowed, those unable to meet loan terms may incur additional charges. In such cases, some borrowers might take out additional loans to cover their original loan debts. This is why borrowers need to make a strong effort to determine if a given loan is affordable. Consumers who find it difficult to afford a loan or are struggling to manage their monthly expenses can reduce their spending to lessen financial strain.

Installment Loans in New Orleans

Installment loans are another type of short-term funding. These loans are paid back in small monthly sums as opposed to one large lump sum. Installment loans are typically offered to borrowers taking out large amounts, but some lenders extend installment loans to people taking out small amounts as well. Installment loans can typically be paid back in periods up to a year.

Requesting Title Loans in New Orleans

New Orleans residents can also apply for title loans, a type of loan that is secured with vehicular collateral. Usually, that collateral is a car, truck, or motorcycle. The application and approval process for title loans is similar to that of payday loans, with the additional step of presenting your vehicle’s title. The lender will then evaluate your vehicle and extend a loan offer based on the vehicle’s value.

New Orleans residents may need to present the following documentation to be eligible for a title loan:

  • Government-issued photo identification
  • Name, address, email address, and phone number
  • Photos of vehicle
  • Proof of residence
  • Name of employer or revenue source
  • Hard copy of a vehicle title

Requirements may vary by lender. For a vehicle to be eligible as collateral, it must be lien-free, meaning it is not attached to any existing loans.

Favorite New Orleans, LA, Cash Advance and Payday Loan Companies

New Orleans, LA, residents have many payday lending options, whether storefront or online.

Tulane Cash Advance has a couple of storefronts in New Orleans. They offer payday loans up to $350 and title loans up to $2,500.

Advance America is another great option for New Orleans residents. Those seeking payday loans can apply in-store or online. Those seeking title loans must apply in-store.

Cash Cow has convenient hours and several locations in New Orleans. They offer payday loans in-store in amounts from $100 up to $300. They offer car title loans in amounts up to $1,400.

Whichever lender you choose, be sure to check that they have a license to operate in the state of Louisiana. You can find this information and more on the Nationwide Multistate Licensing System website.

Company name
Address
Phone
Advance America
5794 Crowder Boulevard New Orleans LA, 70127
504-240-2900
Advance America
9820 Lake Forest Boulevard New Orleans LA, 70127
504-245-8225
ADVANCE AMERICA
5171 Citrus Blvd New Orleans LA, 70123
504-733-7577
ADVANCE AMERICA
5359 Tchoupitoulas St New Orleans LA, 70115
504-894-7040
ADVANCE AMERICA
2093 Caton St New Orleans LA, 70122
504-288-6538
Advance America Cash
5171 Citrus Boulevard New Orleans LA, 70123
504-733-7577
Affordable Merchant Services
New Orleans New Orleans LA, 70112
504-913-7683
American General Exchange Inc
5421 Read Boulevard New Orleans LA, 70127
504-244-8341
Any Kind Check Cashing Centers
3150 Gentilly Boulevard New Orleans LA, 70122
504-944-2274
B A P Enterprises Inc
5793 Crowder Blvd Ste C New Orleans LA, 70127
504-242-5300
CASH COW
8739 Airline Hwy New Orleans LA, 70118
504-488-4802
Cash Cow - New Orleans
8739 Airline Highway New Orleans LA, 70118
504-488-4802
Cash Cow - New Orleans
4638 Washington Avenue New Orleans LA, 70125
504-488-1827
Cash Cow - New Orleans
6017 Chef Menteur Highway New Orleans LA, 70126
504-244-9940
Check Cashing Any Kind Check Cashing Centers
2131 Canal Street New Orleans LA, 70112
504-523-6669
CHECK INTO CASH
400 N Carrollton Ave New Orleans LA, 70119
504-486-2698
CHECK INTO CASH
5359 Mounes St New Orleans LA, 70123
504-733-0783
Check Into Cash
400 North Carrollton Avenue New Orleans LA, 70119
504-486-2698
Check Into Cash
4242 Chef Menteur Highway New Orleans LA, 70126
504-943-6843
Check Into Cash Of Louisiana
4021 Behrman Pl Ste A New Orleans LA, 70114
504-366-8454
Check Into Cash Of Louisiana
2008 Saint Claude Ave New Orleans LA, 70116
504-944-1200
Check Into Cash Of Louisiana
404 N Carrollton Ave New Orleans LA, 70119
504-486-2698
Check Into Cash Of Louisiana
5359 Mounes St Ste B New Orleans LA, 70123
504-733-0783
Check Into Cash Of Louisiana
4242 Chef Menteur Hwy New Orleans LA, 70126
504-943-6843
Check Mart Of Louisiana
2131 Canal St New Orleans LA, 70112
504-523-6669
Check Mart Of Louisiana
3150 Gentilly Blvd New Orleans LA, 70122
504-944-2274
Check Services 3
2222 Saint Claude Avenue New Orleans LA, 70117
504-944-4448
Check Services Number 2
Po Box 19529 New Orleans LA, 70179
504-822-4325
Check Services Number 2
300 North Broad Street New Orleans LA, 70119
504-822-4325
CHECKING CENTER
7901 Earhart Blvd New Orleans LA, 70125
504-482-1118
Checkmate Services
823 Canal St New Orleans LA, 70112
504-525-9030
Checkmate Services
1011 Canal Street New Orleans LA, 70112
504-525-9030
Crown Loan
2932 General Degaulle Dr New Orleans LA, 70114
504-367-3367
Crown Loan
3640 General Degaulle Drive New Orleans LA, 70114
504-367-3367
CROWN LOAN
3640 General Degaulle Dr New Orleans LA, 70114
504-367-3367
DANNYS CHECK CASH
2000 Earhart Blvd New Orleans LA, 70113
504-301-9983
Easy Money
New Orleans New Orleans LA, 70112
504-282-1956
Easy Money
1402 Manhattan Boulevard New Orleans LA, 70112
504-365-0600
Easy Money
Gentillywoods New Orleans LA, 70112
504-286-1004
Easy Money Check Cashing Inc
4420 Cleveland Avenue New Orleans LA, 70119
504-482-4512
Easy Money Of Louisiana Inc
2025 Saint Claude Avenue New Orleans LA, 70116
504-947-4401
Easy Money Of Louisiana Inc
4041 Tulane Avenue Suite 102 New Orleans LA, 70119
504-482-2771
Easy Money Of Louisiana Inc
5703 Read Boulevard Suite G New Orleans LA, 70127
504-245-8811
Ez Cash
9301 Lake Forest Boulevard New Orleans LA, 70127
504-245-4400
EZ CASH
9301 Lake Forest Blvd Ste 107 New Orleans LA, 70127
504-245-4400
Fastfunding First East Inc
New Orleans New Orleans LA, 70112
504-524-0753
Kaufman David B
New Orleans New Orleans LA, 70112
504-366-0704
Louisiana Check Cashers Inc
2729 Saint Claude Avenue New Orleans LA, 70117
504-943-9499
Louisiana Check Cashers Inc
3400 South Claiborne Avenue New Orleans LA, 70125
504-529-1154
MONEY MART
3400 S Claiborne Ave New Orleans LA, 70125
504-899-6238
Payday Check Cashing Inc
6626 Jefferson Highway New Orleans LA, 70123
504-737-0031
PAYDAY CHECK CASHING INC
6626 Jefferson Hwy New Orleans LA, 70123
504-737-0031
Quik Cash Check Cashing
3034 Gentilly Boulevard New Orleans LA, 70122
504-947-6600
Quik Cash Check Cashing
2008 Saint Claude Avenue New Orleans LA, 70116
504-944-1200
Quik Cash Check Cashing
4057 Tulane Avenue New Orleans LA, 70119
504-484-7700
Quik Cash Check Cashing
5793 Crowder Boulevard # C New Orleans LA, 70127
504-242-5300
Southern Payday
4619 Jefferson Highway New Orleans LA, 70121
504-818-1999
Southern Payday
7011 Read Boulevard New Orleans LA, 70127
504-241-6611
SOUTHERN PAYDAY
4619 Jefferson Hwy New Orleans LA, 70121
504-818-1999
TULANE CASH ADVANCE
4059 Tulane Ave New Orleans LA, 70119
504-484-3131

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