Easiest Way to Get Cash
" It's the easiest way to get cash when you need it. I've used Minute Loan services for almost 7 years and they have never turned me away. Great service and great employees... "
Compassionate Service
" They were very patient with me when I got behind on my payments, they just needed me to keep them updated. "
Excellent Customer Service
" The Customer Service is excellent. They treated me like a person, not a number. "
What’s the difference between a Line of Credit and a Payday Loan?
A Line of Credit and a payday loan differ primarily in terms of flexibility and cost. A Line of Credit allows you to borrow up to a set limit, repay it, and reuse the credit again, with interest only charged on what you use.
By contrast, a payday loan is a short-term loan that offers a fixed amount that is typically due in full on your next payday, and often carries very high fees.
A line of credit is a better borrowing option because it’s flexible, cost-effective, and covers ongoing expenses. It’s available in Louisiana!
Explore the Loan Products We Offer!
Minute Loan Center offers fast approval loans to Louisiana residents in the form of a Line of Credit.
Line of Credit
A line of credit is the most sought-after of the Louisiana online loans. This Louisiana personal loan type has a pre-set borrowing limit for a specified period, and for that period, you can take an advance against your credit line, pay down, and borrow more as you need it, up to your credit limit. You can also repay the amount you use immediately or over time.
Learn More about a Louisiana Line of Credit
Enjoy these Line of Credit benefits:
- The convenience of knowing you have quick access to funds
- Safety and security when you don’t know how much you need yet
- Assuredness when you don’t want to owe more than you need to
- Protection over time when you don’t know how long you will need the funds
- Managing unpredictable or unexpected household expenses
Apply for this exclusively online loan product for our valued customers in Louisiana.
MLC Louisiana Loan Products Provide Better Options
| Product | Team | Access to Credit | Repayment |
|---|---|---|---|
MINUTE LOAN CENTER LINE OF CREDIT(MLC Option) | Open-ended | Revolving | Minimum Payments See More on Interest Rates below. |
PAYDAY LOANS IN LOUISIANA(Competitor Option) | Fixed Term | Fixed Amount Requires a pay‐off or re‐fi (Requiring underwriting approval) to access more funds. | Fixed Payments |
TITLE LOANS IN LOUISIANA(Competitor Option) | Fixed Term | Fixed Amount Requires auto title as collateral. Requires payoff to access more credit. | Fixed Payments |
Itemization of Charges – Revolving Credit
| Interest Rates and Interest Charges | |
|---|---|
Annual Percentage Rate (APR) for Advances | For balances up to $5,000, between 179.00% and 701.5625%, depending on your creditworthiness |
Paying Interest | We will begin charging interest on advances on the transaction date. |
| Fees | |
|---|---|
Set-up and Maintenance Fees | |
Account Set-up Fee | $9.95 (one-time fee) |
Annual Fee | $24.95 |
Transaction Fees | |
Advance Fee | Either 10% or $1 of each Advance, whichever is greater. |
Penalty Fees | |
Late Payment | $30 |
Other Fees | |
Credit Limit Increase Fee | $4.95 each time we agree, at your request, to increase the credit limit. |
Paper Statement Delivery Fee | $9.95 for each paper statement we print and mail to you, if you cancel or withhold consent for us to prepare and deliver electronic statements. |
Installment Loan Fee Schedule as of
May 31, 2023
| Amount Financed | # of Payments | Payment Frequency | Payment Amount | Interest Total | Total Loan Amount | APR |
|---|---|---|---|---|---|---|
$300.00 | 20 | Weekly | $27.64 | $253.01 | $553.01 | 348.03% |
$500.00 | 20 | Weekly | $46.07 | $421.68 | $921.68 | 348.05% |
$500.00 | 52 | Weekly | $26.19 | $862.52 | $1,362.52 | 248.32% |
$300.00 | 10 | Bi-Weekly | $56.14 | $261.44 | $561.44 | 348.03% |
$500.00 | 10 | Bi-Weekly | $93.57 | $435.74 | $935.74 | 348.05% |
$500.00 | 26 | Bi-Weekly | $52.66 | $869.99 | $1,369.99 | 248.31% |
$300.00 | 10 | Semi-Monthly | $58.74 | $287.42 | $587.42 | 349.07% |
$500.00 | 10 | Semi-Monthly | $97.90 | $479.05 | $979.05 | 349.07% |
$500.00 | 24 | Semi-Monthly | $57.32 | $875.69 | $1,375.69 | 249.51% |
$300.00 | 5 | Monthly | $121.19 | $306.00 | $606.00 | 349.91% |
$500.00 | 5 | Monthly | $201.99 | $509.96 | $1,009.96 | 349.91% |
$500.00 | 12 | Monthly | $161.08 | $892.97 | $1,392.97 | 249.79% |
MLC offers BEST-IN-CLASS products that give you the options, security, and features you need for your funding endeavors.
Our customer service team is always ready to assist you. We also have an app that can easily keep you in-touch with your VIP benefits.
Our products are available 24/7. As a MLC VIP you can access your account anytime you need to.
MLC Louisiana Loan Product FAQs
We conduct a soft credit check to determine if you can take on additional debt. The credit check lets us view your credit history, existing debt, and overall loan behavior. We also check your income level and employment stability.
Make it Simple and Easy!
It’s easy to apply for Minute Loan Center’s online loans in Louisiana. Go online, click a few buttons to establish your credit limit, see your offers and terms, all without a hard credit check or impact on your credit score.
Our app gives you VIP access!
With all the additional features of being a VIP at your fingertips. Manage your account, get Coupons, Refer A Friend, Level Up Rewards… All conveniently included right there for you. Check it out!
Disclaimer: Loan approval and terms are subject to verification of application information, underwriting review, and compliance with applicable state law. Not all applicants will qualify for the lowest advertised rates or for same-day funding. Funding times may vary based on bank processing schedules and customer verification requirements. Fees, repayment terms, and product availability differ by state. Please review your loan agreement carefully for complete terms and conditions. Please borrow responsibly. Loans are intended for short-term financial needs and are not a long-term financial solution. This content is for educational purposes and does not constitute an offer to lend or a solicitation in any state where we are not licensed.