Installment Loans in Louisiana
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Store Locations:
Baton Rouge
Store Hours
| Monday | 9 AM–6:30 PM |
| Tuesday | 9 AM–6 PM |
| Wednesday | 9 AM–6 PM |
| Thursday | 9 AM–6 PM |
| Friday | 9 AM–6:30 PM |
| Saturday | 9 AM–3 PM |
| Sunday | Closed |
Location
LA 70816
Minute Loan Center works harder to say YES! Our Louisiana online loans are available 24/7.
Minute Loan Center offers several loan products in Louisiana. We have very minimal requirements for each, and most people qualify for them, evidenced by our high approval rate of 97%. If approved, you receive a deposit within minutes of application.
The Minute Loan Center personal loans are not your regular title loans offered in Louisiana. We do not ask for an asset as collateral. We do not turn away people with bad credit either. Minute Loan Center has a unique way of assessing our customers, and we have used this method successfully for decades.
Examples of the Louisiana personal loans Minute Loan Center offers are:
Line of Credit
A line of credit is the most sought-after of the Louisiana online loans. It is a loan agreement between a lender and a customer that presets a borrowing limit for a specified period, say, a year. Like a credit card, a line of credit allows you to access funds when needed. The agreement pre-sets a 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.
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. |
Itemization of Charges – Revolving Credit
Fees | |
| Set-up and Maintenance Fees | |
| Annual Fee | $9.95 (one-time fee) |
| Transaction Fees | |
| Advance Fee | $24.95 |
| Penalty Fees | |
| Late Payment | $30 |
| Overlimit | |
| 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. |
Interest Charges for Advances
Your Account is subject to Interest Charges (periodic rate Finance Charges). The Interest Charges for Advances are based on the Annual Percentage Rate(s) and corresponding Daily Periodic Rate(s) we include in your Account Opening Disclosures. We figure the Interest Charges on your Account by applying the Daily Periodic Rate to the “Daily Balance” of unpaid Advances in your Account for each day in the Billing Cycle. To get the “Daily Balance,” we take the beginning balance of your Account each day, add any new Advances, and subtract any unpaid Interest Charges, Fees and Other Charges, and any payments or credits. This gives us the “Daily Balance.” Then, we multiply the Daily Balance for each day by the Daily Periodic Rate to obtain the “Daily Interest Charge” for the day, rounding the Daily Interest Charge to the nearest whole cent. At the end of each Billing Cycle, we add together the Daily Interest Charges for each day in the Billing Cycle to determine the total Interest Charges due for your Account during the Billing Cycle.
Installment Loans in Louisiana
A Minute Loan Center instant installment loan extends credit of up to $1,000 with flexible repayment options for up to 9 months. This type of Louisiana personal loan carries a low fixed interest rate and you can obtain more frequent advances if needed. You repay this loan in regular equal scheduled payments, called installments, each comprising a portion of the principal amount and the interest charged.
- Consolidate small loans into one low and easy payment
- Assist with buying furniture, electronics, or appliances versus renting them
- Assist with down payments for cars, boats, housing, or other substantial items
- Assist with unexpected bills
- Assist with a student loan payment
- Pay for home repair or improvement projects
Apply for a Louisiana installment loan and meet your financial needs today.
Frequently Asked Questions
How much money can I borrow?
Residents who wish to apply for Louisiana online loans may be eligible to receive a credit line up to $5,000.
How much does an advance cost?
The Minute Loan Center Line of Credit accrues interest daily. Still, your minimum payment will be based on the greater of all unpaid Interest Charges that have accrued as of the Closing Date of the Billing Cycle, plus ten percent (10%) of the outstanding Advance principal balances up to $1,000.00 or five percent (5%) of the outstanding Advance principal balances over $1,000.00 or more; or (ii) $50.00. Remember, by paying on time or paying more than the minimum balance, you can save money and have more credit available when you need it.
Can I Choose a Billing Period?
We strive to make this as convenient as possible for our customers. Online Louisiana loan customers can choose to schedule automatic payments on their statement due date. The billing cycle will be determined by the Primary Income Pay Cycle, which should match the customer’s pay dates, except for Weekly paid customers being moved to a Bi-Weekly schedule.
The Pay Date Option is designed to make it easier for our VIP Members to manage their budget and fulfill their obligation.
When will my loan be due?
We want to make it convenient for you. You can schedule automatic payments on your statement due date or have your online Louisiana loan statement’s minimum payment divided and presented on your pay dates. Choosing the pay date option makes it generally easier to manage your budget.
How can I get more cash?
As long as your Minute Loan Center online Line of Credit is active, you can take advances up to your credit limit anytime. You immediately get access to more funds when you pay down your advances.
Please see other frequently asked questions for a better understanding of the Minute Loan Center loan products.
