Snap Loans Cash is free to use — we never charge you a fee. The costs below are the maximums a Louisiana-licensed lender may charge on a deferred presentment (payday) or small loan under state law. Your actual rate and fees come from the lender and appear in your loan agreement before you accept.
Louisiana rates & fees at a glance
| Item | Louisiana limit |
|---|---|
| Maximum loan amount | $350 |
| Fee | $20 per $100 borrowed + $10 documentation fee |
| Total fee cap ($220–$350 loans) | $55 |
| Maximum term | 30 days |
| Late charge after maturity | 36% per year (first year), then 18% per year |
| NSF (returned check) fee | Up to $25 plus bank costs |
| Rollovers | Not allowed |
| Extended payment plan | At least 4 equal installments (must be offered) |
APR example: a $300 loan repaid in 14 days with $55 in fees is about a 478% APR. Source: Louisiana Office of Financial Institutions. Verified July 4, 2026.
Louisiana loan rules at a glance
| Rule | Louisiana limit |
|---|---|
| Legal status | Legal and regulated |
| Maximum loan amount | $350 |
| Maximum term | 30 days (typical loan ~14 days) |
| Finance charge cap | $20 per $100 borrowed + $10 documentation fee, total fees capped at $55 for loans of $220–$350 (statute: 16.75% of the check's face amount, fee not to exceed $45) |
| Rollovers | No rollovers — must fully repay before a new loan. Refinance only after paying fees + 25% of principal (then 75% may be refinanced) |
| Cooling-off period | None published. Lender must accept a partial payment of $50+ before the due date; an extended payment plan (≥4 equal installments) must be offered in every contract |
| Statute | Louisiana Deferred Presentment and Small Loan Act — La. R.S. 9:3578.1 et seq. |
Source: Louisiana Office of Financial Institutions · Rules verified July 4, 2026