Claiborne, LA · South · Allowed
Payday loans in Claiborne
Claiborne is governed by Louisiana's statewide lending law — cities don't set their own loan rules. Storefront payday lending is permitted in Louisiana. State law caps what lenders can charge — the limits below are the legal ceiling, and honest lenders stay under it.
The limits below are the legal ceiling — any offer above them is being made outside the law.
Lending storefronts in Claiborne
11,575 residents · Ouachita Parish County Median household income is $52,121 — above the Louisiana median of $46,376.
| Nearest storefronts | Town | Phone |
|---|---|---|
| 1st Franklin Financial | West Monroe 3 mi | (318) 361-5701 |
| ACE Cash Express | West Monroe 3 mi | (318) 388-4475 |
| ACE Cash Express | Monroe 4 mi | (318) 651-0999 |
| Advance America | Monroe 4 mi | (318) 322-3320 |
| 1st Franklin Financial | Bastrop 25 mi | (318) 281-6602 |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Louisiana page before visiting. Spot an error? Report it.
The online route in Claiborne
A parallel market lends entirely online — application, decision and funding on a website, no storefront. Lenders licensed in Louisiana follow the state schedule anywhere in the state, but bank-partner and tribal loans are structured outside state rate limits, and regulators dispute that model.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Louisiana regulator.
The rules behind the numbers
Deferred presentment small loans are high-cost credit products intended for short-term financial needs only.
In practice: borrow $300 for a standard term and the finance charge is $60.25 — $360.25 repaid at the end, about 523% APR. Every compliant lender in Claiborne has to fit inside that schedule.
Statute: La. R.S. 9:3578.1 et seq.
Regulator: Louisiana Office of Financial Institutions · www.ofi.la.gov
Questions people ask in Claiborne
Are payday loans legal in Claiborne, LA?
Yes. Storefront payday lending is permitted across Louisiana, and Claiborne runs under the same state rules: maximum loan $350, fees capped at 16.75% of check amount ($16.75 per $100) + $10 documentation fee. A store charging above the cap is operating illegally.
How much would a $300 loan cost me in Claiborne?
The same as anywhere in Louisiana: state law sets the schedule. On a typical $300 loan the finance charge is about $60.25 — $360.25 repaid at the end of the standard term.
Which lenders have stores in Claiborne?
Our 2022-02-20 directory snapshot lists no storefront lenders in Claiborne — the closest listed locations are in West Monroe, Monroe, Bastrop.
Who regulates lenders in Claiborne?
Complaints about a lender go to the Louisiana Office of Financial Institutions (www.ofi.la.gov) — keep the loan agreement and every fee disclosure you were given.