Hammond, LA · South · Allowed
Payday loans in Hammond
Hammond 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 Hammond
20,609 residents · Tangipahoa Parish County Median household income is $31,694 — below the Louisiana median of $46,376.
4 storefront locations of 4 companies listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| 1st Franklin Financial Investing, Installment Loans | 14203 University Ave Ste 7, 70401 | (985) 542-5151 | Mon 8:30 AM - 5:30 PM · hours vary |
| Advance America Title Loans, Check Cashing/Pay-day Loans | 1906 West Thomas St, 70401 | (985) 429-9600 | Mon 10:00 AM - 6:00 PM · hours vary |
| Advantage Financial Services Financial Services | 824 SW Railroad Ave Ste A, 70403 | (866) 303-9882 | Mon–Fri 9:00 AM - 5:00 PM · Sat–Sun Closed |
| Deep South Financial Title Loans, Installment Loans | 349 S Morrison Blvd, 70403 | (985) 340-9992 | Hours not listed |
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 Hammond
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 Hammond 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 Hammond
Are payday loans legal in Hammond, LA?
Yes. Storefront payday lending is permitted across Louisiana, and Hammond 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 Hammond?
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 Hammond?
4 storefronts are listed in Hammond in our 2022-02-20 directory snapshot (4 different companies). The full list with addresses, phones and hours is in the table above.
Who regulates lenders in Hammond?
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.