Wondering about the payday loan limit in Louisiana? Since Act 510, the answer changes slightly every year, because the cap is now indexed to inflation.
Quick answer: Through August 31, 2026, the maximum payday (deferred presentment) loan in Louisiana is $720 — the OFI's inflation-adjusted version of Act 510's $700 statutory cap. Small loans are capped at $360.
The current numbers
- Deferred presentment (payday) loans: up to $720 through August 31, 2026.
- Small loans: up to $360.
- Fees: up to 16.75% of the check’s face amount plus a documentation fee.
How the annual adjustment works
Starting January 1, 2026, the OFI recalculates the maximum each year using the Consumer Price Index (CPI-U) and rounds up to the nearest $10. Always check the OFI’s published figure — older articles still citing $350 are out of date.
Should you borrow the max?
Only if you truly need it. A $720 loan carries roughly $120 in fees at the legal maximum, all due in one lump sum within about 14–30 days. Borrowing less, or choosing an installment product, keeps repayment realistic.
Frequently asked questions
The statewide cap applies: $720 through August 31, 2026.
Louisiana law requires paying off a payday loan before opening another with that lender; stacking loans is a fast track to unaffordable debt either way.
The cap applies to the loan principal; fees of up to 16.75% of the face amount come on top.
Educational content, not financial advice. Always verify a lender is licensed by the Louisiana Office of Financial Institutions (OFI) before borrowing.