Cash advances in Lafayette follow Louisiana law: up to $350, fee 16.75% of check amount ($16.75 per $100) + $10 documentation fee, term Max 30 days. The state’s typical $300 loan costs $60 in fees and repays $360 — about 523% APR.
| Max amount | $350 |
|---|---|
| Max fee / rate | 16.75% of check amount ($16.75 per $100) + $10 documentation fee |
| Term | Max 30 days |
| Rollovers | Forbidden |
| APR on the typical loan | 523% |
| Regulator | Louisiana Office of Financial Institutions |
Statute: La. R.S. 9:3578.1 et seq. · details on the Louisiana state page
| County | Lafayette Parish |
|---|---|
| Population | 127,626 |
| Median household income | $46,517 |
| Rank in Louisiana | #5 by population among covered cities |
| State rules apply | Allowed · cap $350 |
High-cost lenders size loans against your deposit flow, not your address. In Lafayette, where the median household brings in $46,517 a year, a $300 advance with a $60 fee is one of the smaller recurring hits a budget can take — which is exactly why the cap exists.
Derived from ’s own worked example (a $300 loan carrying a $60 fee). Round figures in dollars.
| Amount | Fee for the term | Total repaid | APR ballpark |
|---|---|---|---|
| $100 | $2,008 | $2,108 | 523% |
| $255 | $5,120 | $5,375 | 523% |
| $300 | $6,024 | $6,324 | 523% |
| $500 | $10,040 | $10,540 | 523% |
Fee rate: 16.75% of check amount ($16.75 per $100) + $10 documentation fee · statute La. R.S. 9:3578.1 et seq.. Some states hand you the amount minus the fee; others fund the full amount — your contract controls.
Composite scenarios built from typical situations and the cost math on this page — not quotes from named individuals.
A refrigerator dies in summer. A used replacement is available today at a cash price. The advance buys the replacement now instead of rent-to-own; the $100 fee on a $600 repayment is a one-time cost against months of installments.
One-time fees compound slower than weekly rental contracts — compare totals.
A household is one bill behind and the utility sets a reconnect deadline later this week. Borrowing now keeps the power on and avoids a reconnect charge; repaying $120 on payday costs $20 for the bridge.
Reconnect fees plus deposit requirements often exceed the advance fee — but only compare before borrowing.
Payday lands four days after the rent deadline. The gap is small but the late fee is not. The advance closes the gap on time; repaying $306 — $51 in fees — beats the landlord’s late penalty and a court-filing risk.
Price the loan against the exact penalty it prevents.
Louisiana law sets one price for the whole state: up to $350 with 16.75% of check amount ($16.75 per $100) + $10 documentation fee. A typical $300 advance costs $60 and repays $360. City does not change the price — state does.
Storefront locations change often; this site does not list individual stores. The national chains and independents price at the same state cap — verify any location with the Louisiana Office of Financial Institutions before you sign. Our cash advance places guide covers the chains and the license check.
Lenders typically want steady income with a deposit history in your account — a pay stub or benefits letter is enough at most no-credit-check lenders. Median household income in Lafayette is $46,517; lenders set no city-specific threshold.
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Free check for Lafayette, LA · no hard credit pull at this step.
