Payday & Installment Loans in Ferriday, Louisiana
Payday and installment loans in one short form, offers from licensed lenders, and money sent to your bank account if you are approved.
Estimate uses the maximum fee Louisiana law allows (up to 16.75% of the check amount (about $20.12 per $100 received); the old $45 fee cap was removed on Aug 1, 2025). Some lenders charge less. A typical two-week loan with a $15 per $100 fee has an APR near 400%. Your offer may differ.
Check my offers- Louisiana lenders must be licensed by the state
- Full cost and APR shown before you sign
- All credit types can apply; lenders may check credit
Ferriday residents can request payday loans of $100 to $740 online in a few minutes and see the full cost before deciding. Louisiana caps payday loans at $740. Fee limit: up to 16.75% of the check amount (about $20.12 per $100 received); the old $45 fee cap was removed on Aug 1, 2025. At the maximum fee, a $300 loan means about $360.36 due on your next payday. The median household here earns $28,467, 53% below the Louisiana median, so that repayment would take about 33% of a typical two-week paycheck. Ferriday has 1 credit union branch and 2 bank branches, but you do not need to visit one: the whole request is online.
Why request online
Payday Loans in Ferriday: the short answer
Installment loans in Ferriday
Need more than $740 or more time to repay? Louisiana also allows consumer loans from licensed lenders, repaid in fixed monthly payments. Licensed lenders: 36% a year on the first $1,400 of unpaid principal, 27% on $1,400 to $4,000, 24% on $4,000 to $7,000 and 21% above $7,000.
- A payday loan fits a small, one-off gap you can repay in full on your next payday.
- An installment loan fits a larger amount or a budget that needs smaller monthly payments; check the total interest before you sign.
- Installment lenders need a license: Licensed lender under the Louisiana Consumer Credit Law, Office of Financial Institutions (OFI).
Illustration only. Your lender must disclose the APR, payment schedule and total cost before you sign.
How it works
What a $300 loan means for a typical Ferriday budget
At the maximum fee Louisiana allows, a $300 loan means about $360.36 due on your next payday.
Renters in Ferriday already spend a median 46.0% of income on rent. If the repayment would leave you short on rent or bills, a smaller amount or a longer-term option below usually costs less.
Illustration only. Your fee, APR and term come from the lender and must be disclosed before you sign. Census estimates for small towns have wide margins of error, so treat local figures as approximate.
Ferriday, LA: Local Financial Snapshot
City-level ACS dataLocal economic and housing context for Ferriday. Figures use the latest 2020–2024 American Community Survey 5-Year release available for small-area comparison.
Source: U.S. Census Bureau, American Community Survey 2020–2024 5-Year. Tables B01003, B19013, B25064, B25071, B17001 and B23025. City-level payday-loan volume is not consistently published for every U.S. locality, so no local borrowing count is estimated here.
Your protections in Ferriday
- Maximum loan amount: $740.
- Fee limit: Up to 16.75% of the check amount (about $20.12 per $100 received); the old $45 fee cap was removed on Aug 1, 2025.
- Maximum loan term: 30 days.
- Renewals: Renewal or rollover is prohibited; lender may accept a partial payment of 25% of the amount advanced plus fees and issue a new transaction for the rest.
- Waiting period: A new transaction is allowed once the previous one is completed; none after an extended payment plan until it is repaid in full.
- Payment plan: Once per 12 months, request before due date: at least 4 equal installments, first not due before 30 days, no extra fees.
- Loan limits: Capped by a maximum outstanding principal balance set yearly by OFI; no statewide database found.
- Lenders must hold a license from the Louisiana Office of Financial Institutions (OFI) and disclose fees and APR before you sign.
Lower-cost options in Ferriday
Financial Locations in Ferriday, LA
Select an address to display that exact location on the map.
Payday Loans near Ferriday
Requests work the same from any of these nearby Louisiana towns; distances are straight-line from Ferriday.
- Vidalia, LA8 mi · pop. 3,928 · median income $48,250
- Clayton, LA10 mi · pop. 272 · median income $30,962
- Wildsville, LA13 mi
- Sicily Island, LA15 mi · pop. 336 · median income $20,500
- Waterproof, LA15 mi · pop. 576 · median income $21,786
- Jonesville, LA16 mi · pop. 1,288 · median income $43,684
Other Concordia Parish towns:
What borrowing looks like in Ferriday
Worked out from local Census income and rent figures and state lending rules, so you can plan before you apply.
How much does a $1,000 installment loan cost per month in Ferriday?
See the math
As a regulated installment loan at the Louisiana limit of 36% APR over 12 months, $1,000 costs about $100.46 a month, or $205.55 in interest in total. That is 4.2% of the median Ferriday household income of $2,372 a month. Your lender shows the exact APR and total cost before you sign.
Is it harder to cover bills in Ferriday than in the rest of Louisiana?
See the local numbers
Median household income in Ferriday is $28,467, 53% below the Louisiana median, and median rent is $765 a month (28% below the state). Renters here spend a median 46.0% of income on rent, so compare any monthly loan payment with what is left after rent and utilities.
Payday or installment loan: which costs less in Ferriday?
See the math
A $500 payday loan at about $20.12 per $100 costs about $100.60 for two weeks, due in one payment of $600.60. As a regulated installment loan at the Louisiana limit of 36% APR over 6 months, $500 costs about $92.30 a month and $53.79 in total interest. The payday loan is shorter; the installment loan is easier on a monthly budget if you cannot repay everything on your next payday.
Do I need to visit a store to get a loan in Ferriday?
How it works
No. The whole request is online and takes a few minutes. You can see financial locations in Ferriday on the map above, but if a lender approves you, money is usually sent by direct deposit, often by the next business day.
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Questions people ask
Are payday loans legal in Ferriday, Louisiana?
Yes. Louisiana licenses lenders through the Louisiana Office of Financial Institutions (OFI) under La. R.S. 9:3578.1 et seq. (Deferred Presentment and Small Loan Act); amended by Act 510 (HB 582) of 2025.
How much can I borrow in Ferriday?
Up to $740 under Louisiana law. The lender sets your amount based on your income and state rules.
How much does a payday loan cost in Louisiana?
Fee limit in Louisiana: up to 16.75% of the check amount (about $20.12 per $100 received); the old $45 fee cap was removed on Aug 1, 2025. At $20.12 per $100, a $300 two-week loan costs $60.36, about 525% APR.
Where can I complain about a lender in Louisiana?
Contact the Louisiana Office of Financial Institutions (OFI) at 1-888-525-9414 or submit a complaint to the CFPB at consumerfinance.gov/complaint.
It takes a few minutes and costs nothing to ask. You decide after you see the full cost.
Check my offersWe pass your request to participating lenders. A request does not guarantee an offer; approval, amount and funding time depend on the provider.
Sources
State rules, regulator contacts and legal sources are listed on the Louisiana page. Local income and housing figures: U.S. Census Bureau, American Community Survey 2020–2024.