Louisiana Best Personal Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current personal loan options available to borrowers in Louisiana include: Internal Revenue Federal Credit UnionInternal Revenue Federal Credit Union1555 Poydras St, New Orleans, LA, 70112 3726A+5.0 ★Texas Ratio: 1.19% offering Personal Loan at 6.50% APR, Hope Federal Credit Union Jackson, MSHope Federal Credit Union Jackson, MS1726 Oretha Castle Haley Blvd, New Orleans, LA, 70113 1313A5.0 ★Texas Ratio: 6.51% offering Unsecured / Signature Loan at 7.50% APR, Southwest Louisiana Credit UnionSouthwest Louisiana Credit Union4056 Ryan St, Lake Charles, LA, 70605A+5.0 ★Texas Ratio: 4.85% offering Debt Consolidation Loan at 7.99% APR, Wymar Federal Credit UnionWymar Federal Credit Union37269 Highway 30, Geismar, LA, 70734A+5.0 ★Texas Ratio: 5.15% offering Unsecured - Amortizing Loan at 8.50% APR, and First Street Federal Credit UnionFirst Street Federal Credit Union709 W 1ST ST, DERIDDER, LA, 70634A+5.0 ★Texas Ratio: 0.23% offering Unsecured / Signature Loan at 8.50% APR. Personal loan rates as of September 22, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare personal loan rates across Louisiana side-by-side. Louisiana personal loan rates currently start as low as 6.50% APR from Internal Revenue Federal Credit Union at 1555 Poydras St, New Orleans, LA, 70112 3726. Rates are continually updated, so we recommend checking back frequently.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, so you can confidently borrow from a stable, highly-rated institution in Louisiana.
Personal loan rates reflect recent market quotes and representative offers available to borrowers in Louisiana. Rates shown are typically “as low as” APRs for borrowers with excellent credit. Your final approved rate will depend on your credit history, credit score, income, and loan amount. Personal Loan Rates Last Updated and Verified: September 22, 2026
Louisiana Personal Loan Rates
Annual Percentage Rate
Published APR range: 7.50% - 18.00%.
As low as 7.99%; Up to $20,000. Terms based on loan amount. Exclusions and conditions apply.
As Low As*
Depending on Your Credit Score, you could be eligible for up to $15,000.00
Unsecured/Signature Loans for $4,000 with an interest rate of 8.50% (8.50% APR) and a term of 48 months would have a monthly payment of $92.32.
No additional details available.
Maximum amount $20,000
As Low As; All rates are for a limited time only, and certain restrictions apply. Please check with the Loan Department for details.
As Low As
Published APR range: 9.00% to 17.00%.
As Low As; Rates subject to credit approval. Rates are based on credit worthiness and amount financed. Normal credit standards apply. Rates subject to change without notice. Your APR, including any promotional APR, will be determined based on our internal credit criteria. All loan applications require a prepaid loan application fee of $35.00 that needs to be submitted with the loan application in order for the loan processing to begin. Proof of income is required.
No additional details available.
Published APR range: 9.00% - 18.00%.
As Low As
Rates shown are Telco's current rates and include a 0.50% discount for our Member Loyalty Discounts. Terms and conditions apply. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ.
No additional details available.
No additional details available.
As low as
No additional details available.
Loan Amount: $1,001 - $2,500
As low as
As Low As*
As Low As
Contact credit union for more details.
As Low As; APR - Annual Percentage Rate. Rates Subject To Change Without Notice.
As Low As
Loan Amount: $10,000 - $14,999
No Collateral Required
No additional details available.
Rates as low as 9.90%
As Low As*; APR = Annual Percentage Rates. Please contact a Loan Officer for more information. Effective October 1, 2013, if you are more than 10 days late in making a payment, you will be charged a $10.00 late fee.
As Low As; 12 months
No additional details available.
Term: 36 months financing on all loans; As low as; 48 months financing on loans over $6,000
As Low As
As low as; APR*
APR varies by term.
As Low As; Rates effective as 05/23/2025
Published APR range: 10.00% to 18.00%.
As Low As
Rates as low as 10% APR*; Low variable rates based on credit worthiness; Loans of $500 to $13,000
As low as
Published APR range: 10.00% - 17.00%. Amount: $500 - $2,500; Maximum 15% Salary up to $10,000 after 1 Year of Employment. Maximum 5% Salary 3 Months to 1 Year of Employment.
Loan Amount: $10,000 or more
No additional details available.
Loan Amount: $15,000 & above
As low as
Term: up to 5 years (60 months); As Low As
As Low As*
No additional details available.
Published APR range: 10.55-17.95%. Up to $1,000.00
No additional details available.
As Low As; 1
No additional details available.
Published APR range: 11.00% - 18.00%.
As Low As; Signature Unsecured Loan
As Low As
Paper Grade: A; Credit Score Range: 720+
As Low As; Credit Rating: A+
Debt Ratio < or = 29.99% No Public Records No Past Due Accounts Bankruptcy Over 10 Years Old (From Date of Discharge)
Published APR range: 11.05% - 17.74%. Maximum Amount: $35,000
Loan Amount: $10,000 or more
Rates shown are Telco's current rates and include a 0.50% discount for our Member Loyalty Discounts. Terms and conditions apply. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ.
As low as
No additional details available.
Paper Grade: A; Credit Score Range: 720+
As Low As
Paper Grade: A; Credit Score Range: 720+
Up to $25,000**
LIMITS: 5X Gross Monthly Income
No additional details available.
Published APR range: 11.9% to 17.15%.
As Low As; 1
Rates as low as
LIMITS: 5X Gross Monthly Income
Approximate Payment (per $1,000): $24.24
Loan Amount: $25,000 or more
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: A+
LIMITS: 5X Gross Monthly Income
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: A
LIMITS: 5X Gross Monthly Income
No additional details available.
No additional details available.
As Low As; 1
LIMITS: 4X Gross Monthly Income
No additional details available.
Debt Ratio 30% to 39.99% No Public Records Some (1 or 2) 30 Day Past Due Bankruptcy 7 to 10 Years Old (From Date of Discharge)
Loan Amount: $25,000 or more
Loan Amount: $3,000 - $9,999.99
LIMITS: 5X Gross Monthly Income
As low as; With approved credit. Rate and term based on year model, amount financed, and credit score. Rates subject to change.
No additional details available.
LIMITS: 4X Gross Monthly Income
Paper Grade: B; Credit Score Range: 670-719
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: B
Paper Grade: B; Credit Score Range: 670-719
LIMITS: 4X Gross Monthly Income
No additional details available.
Paper Grade: B; Credit Score Range: 670-719
LIMITS: 4X Gross Monthly Income
LIMITS: 4X Gross Monthly Income
LIMITS: 3X Gross Monthly Income
Paper Grade: C; Credit Score Range: 620 - 669
Term: No Set Term - re-qualifies every 3 years; Credit Rating: A+ - B
Debt Ratio 40% to 49.99% Public Records Some (3 or 4) 30 Day Past Due Some (1 or 2) 60 Day Past Due Bankruptcy 3 to 6.00 Years Old (From Date of Discharge)
Paper Grade: C; Credit Score Range: 620 - 669
LIMITS: 3X Gross Monthly Income
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: C
LIMITS: 3X Gross Monthly Income
LIMITS: 1.5X Gross Monthly Income
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: D
LIMITS: 3X Gross Monthly Income
LIMITS: 1.5X Gross Monthly Income
LIMITS: 0.5X Gross Monthly Income
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: E
Paper Grade: D; Credit Score Range: 580 - 619
Debt Ratio 50% to 59.99% Bankruptcy 2 to 2.99 Years Old (From Date of Discharge)
Paper Grade: D; Credit Score Range: 580 - 619
LIMITS: 0.5X Gross Monthly Income
Loan Amount: Less than $3,000
Paper Grade: E; Credit Score Range: 579 or less
No additional details available.
No additional details available.
Optional overdraft protection with Share Draft checking.
Debt Ratio > or = 60% Bankruptcy 0 to 1.99 Years Old (From Date of Discharge) Need Board Approval
Short term, Small amount loans - Contact credit union for details.
Louisiana Personal Loan Rates
Annual Percentage Rate
No additional details available.
Maximum amount $20,000
Published APR range: 9.00% to 17.00%.
No additional details available.
Published APR range: 9.00% - 18.00%.
As Low As
Rates shown are Telco's current rates and include a 0.50% discount for our Member Loyalty Discounts. Terms and conditions apply. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ.
No additional details available.
No additional details available.
As low as
Loan Amount: $1,001 - $2,500
Loan Amount: $10,000 - $14,999
No additional details available.
As Low As; 12 months
No additional details available.
As low as; APR*
As Low As; Rates effective as 05/23/2025
Published APR range: 10.00% to 18.00%.
No additional details available.
Loan Amount: $15,000 & above
Term: up to 5 years (60 months); As Low As
No additional details available.
Published APR range: 10.55-17.95%. Up to $1,000.00
No additional details available.
As Low As; 1
No additional details available.
Published APR range: 11.00% - 18.00%.
Paper Grade: A; Credit Score Range: 720+
Published APR range: 11.05% - 17.74%. Maximum Amount: $35,000
Rates shown are Telco's current rates and include a 0.50% discount for our Member Loyalty Discounts. Terms and conditions apply. Rates are subject to change and depend on various factors including creditworthiness. Your rate may differ.
No additional details available.
Paper Grade: A; Credit Score Range: 720+
Paper Grade: A; Credit Score Range: 720+
As Low As; 1
Approximate Payment (per $1,000): $24.24
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: A+
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: A
No additional details available.
As Low As; 1
As low as; With approved credit. Rate and term based on year model, amount financed, and credit score. Rates subject to change.
Paper Grade: B; Credit Score Range: 670-719
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: B
Paper Grade: B; Credit Score Range: 670-719
Paper Grade: B; Credit Score Range: 670-719
Paper Grade: C; Credit Score Range: 620 - 669
Paper Grade: C; Credit Score Range: 620 - 669
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: C
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: D
Up To $20,000.00; Term: Up to 60 months - 5 years; Credit Rating: E
Paper Grade: D; Credit Score Range: 580 - 619
Paper Grade: D; Credit Score Range: 580 - 619
Paper Grade: E; Credit Score Range: 579 or less
Optional overdraft protection with Share Draft checking.
Louisiana Debt Consolidation Loan Rates
As low as 7.99%; Up to $20,000. Terms based on loan amount. Exclusions and conditions apply.
No additional details available.
Louisiana Signature Loan Rates
Published APR range: 7.50% - 18.00%.
Depending on Your Credit Score, you could be eligible for up to $15,000.00
Unsecured/Signature Loans for $4,000 with an interest rate of 8.50% (8.50% APR) and a term of 48 months would have a monthly payment of $92.32.
No additional details available.
As Low As; All rates are for a limited time only, and certain restrictions apply. Please check with the Loan Department for details.
As Low As
As Low As; Rates subject to credit approval. Rates are based on credit worthiness and amount financed. Normal credit standards apply. Rates subject to change without notice. Your APR, including any promotional APR, will be determined based on our internal credit criteria. All loan applications require a prepaid loan application fee of $35.00 that needs to be submitted with the loan application in order for the loan processing to begin. Proof of income is required.
No additional details available.
As low as
As Low As
Contact credit union for more details.
As Low As
No Collateral Required
No additional details available.
Rates as low as 9.90%
As Low As*; APR = Annual Percentage Rates. Please contact a Loan Officer for more information. Effective October 1, 2013, if you are more than 10 days late in making a payment, you will be charged a $10.00 late fee.
Term: 36 months financing on all loans; As low as; 48 months financing on loans over $6,000
As Low As
APR varies by term.
As Low As
Rates as low as 10% APR*; Low variable rates based on credit worthiness; Loans of $500 to $13,000
As low as
Published APR range: 10.00% - 17.00%. Amount: $500 - $2,500; Maximum 15% Salary up to $10,000 after 1 Year of Employment. Maximum 5% Salary 3 Months to 1 Year of Employment.
Loan Amount: $10,000 or more
As low as
No additional details available.
As Low As; Signature Unsecured Loan
As Low As
As Low As; Credit Rating: A+
Debt Ratio < or = 29.99% No Public Records No Past Due Accounts Bankruptcy Over 10 Years Old (From Date of Discharge)
Loan Amount: $10,000 or more
As low as
Up to $25,000**
Published APR range: 11.9% to 17.15%.
Loan Amount: $25,000 or more
No additional details available.
No additional details available.
Debt Ratio 30% to 39.99% No Public Records Some (1 or 2) 30 Day Past Due Bankruptcy 7 to 10 Years Old (From Date of Discharge)
Loan Amount: $25,000 or more
Loan Amount: $3,000 - $9,999.99
No additional details available.
Term: No Set Term - re-qualifies every 3 years; Credit Rating: A+ - B
Debt Ratio 40% to 49.99% Public Records Some (3 or 4) 30 Day Past Due Some (1 or 2) 60 Day Past Due Bankruptcy 3 to 6.00 Years Old (From Date of Discharge)
Debt Ratio 50% to 59.99% Bankruptcy 2 to 2.99 Years Old (From Date of Discharge)
Loan Amount: Less than $3,000
No additional details available.
No additional details available.
Debt Ratio > or = 60% Bankruptcy 0 to 1.99 Years Old (From Date of Discharge) Need Board Approval
Louisiana Personal Loan Rate Trends
Compare local Louisiana personal loan rates against the statewide average
Daily personal loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Louisiana personal loan rates rose 0.178 points over the past 7 days to 11.305% APR.
Louisiana signature loan rates rose 0.015 points over the past 7 days to 11.844% APR.
Louisiana Personal Loan Rate Forecast, Next 12 Months
Personal loan APRs follow lender funding costs and credit conditions. Our model projects the likely path of personal and signature loan averages from the current Louisiana figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; unsecured lenders reprice new offers within one to two policy cycles, and advertised as-low-as rates move before average approved rates do.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Payment Be?
Estimated monthly payments at the current LA average personal loan APR of 11.31%, across the terms lenders serving Louisiana most commonly offer. Personal loans are fixed-rate and fully amortizing, so the payment never changes and the balance reaches zero on schedule.
| Loan Amount | 24 Months | 36 Months | 48 Months | 60 Months |
|---|---|---|---|---|
| $5,000 | $233.75/mo | $164.42/mo | $129.97/mo | $109.48/mo |
| $10,000 | $467.50/mo | $328.84/mo | $259.94/mo | $218.95/mo |
| $15,000 | $701.25/mo | $493.25/mo | $389.91/mo | $328.43/mo |
| $25,000 | $1,168.74/mo | $822.09/mo | $649.85/mo | $547.38/mo |
| $35,000 | $1,636.24/mo | $1,150.92/mo | $909.79/mo | $766.33/mo |
Principal and interest only. Does not include any origination fee, which some lenders deduct from your loan proceeds. Your APR depends on credit score, income, loan amount, term, and lender underwriting.
Consolidating Credit Card Debt in Louisiana
Debt consolidation is the most common reason people take a personal loan, and the math is usually straightforward: credit cards carry variable double-digit APRs, while a personal loan locks in a fixed rate and a fixed payoff date. Below is the total interest on a $15,000 balance repaid over 48 months at the LA personal loan average versus a range of typical credit card APRs.
| Repayment Option | APR | Monthly Payment | Total Interest | Interest Saved |
|---|---|---|---|---|
| Personal Loan (LA average) | 11.31% | $389.91 | $3,716 | — |
| Credit card at 18% APR | 18.00% | $440.62 | $6,150 | $2,434 |
| Credit card at 22% APR | 22.00% | $472.59 | $7,684 | $3,969 |
| Credit card at 26% APR | 26.00% | $505.76 | $9,276 | $5,561 |
The 18%, 22%, and 26% figures are illustrative points across the range card issuers commonly charge, not a published average. Check your own statement for your actual APR, then use the calculator below to run your real numbers. This comparison assumes a fixed 48-month payoff in both cases; paying only the card minimum would stretch the timeline and raise interest substantially. Consolidation only helps if you avoid rebuilding a balance on the paid-off cards.
How to Get the Best Personal Loan Rate in Louisiana
Prequalify With a Soft Credit Check
Most lenders serving Louisiana will show you an estimated APR using a soft inquiry that does not touch your credit score. Prequalify with several before formally applying. The advertised rate is the best-qualified rate, and the number you personally receive can differ by many percentage points.
Compare APR, Not the Interest Rate
Origination fees run as high as 10% of the amount borrowed and come straight out of your proceeds, so a loan with a lower interest rate can cost more than one with a higher rate and no fee. APR folds the fee in, which makes it the only number worth comparing across lenders.
Check Local Credit Unions First
Credit unions consistently publish the lowest personal loan APRs in our Louisiana data, and many charge no origination fee. Membership is usually easier than expected; many accept anyone who lives, works, or worships in the area. Federal credit unions are also capped by regulation on what they may charge.
Borrow Only What You Need, for as Short a Term as You Can
Lenders often price longer terms at higher APRs, so a 60-month loan can cost more per dollar borrowed than a 36-month loan on top of accruing interest for longer. Take the shortest term whose payment comfortably fits your budget, and resist rounding the amount up.
- Buying a vehicle? A secured Louisiana auto loan will almost always beat an unsecured personal loan
- Home improvements and you have equity? Compare home equity rates, though your home becomes collateral
- Not urgent? Building the money in a Louisiana high-yield savings account costs nothing and earns interest instead of paying it
Louisiana Financial Snapshot
Local demographics and economic context for borrowers. Source: U.S. Census Bureau
A $390 monthly loan payment is roughly 11.5% of the median individual income in Louisiana. Lenders generally want your total monthly debt payments, including housing, to stay under roughly 36% of gross income, so consider the new payment alongside everything you already owe.
Personal Loan vs. Other Ways to Borrow
A personal loan is fast and requires no collateral, but it is not always the cheapest way to borrow. Here is how it compares to the main alternatives available to borrowers in Louisiana.
| Feature | Personal Loan | Credit Card | 0% Balance Transfer | Home Equity Loan / HELOC |
|---|---|---|---|---|
| Typical APR Level | ● Mid, fixed | ✗ Highest, variable | ✓ 0% for a promo window | ✓ Usually lowest |
| Collateral Required | ✓ None | ✓ None | ✓ None | ✗ Your home is at risk |
| Payment Predictability | ✓ Fixed payment and payoff date | ✗ Revolving, can last indefinitely | ● Rate jumps when promo ends | ● Fixed for loans, variable for HELOCs |
| Speed to Funding | ✓ Often 1–3 business days | ✓ Immediate if you hold the card | ● Card approval plus transfer time | ✗ Weeks (appraisal and closing) |
| Upfront Costs | ● Origination fee up to ~10% | ✓ None | ● Transfer fee, typically 3–5% | ● Closing costs possible |
| Best For | Consolidation and one-off costs, no collateral | Small balances paid in full monthly | Debt you can clear inside the promo window | Large projects when you have equity and time |
General comparison for educational purposes; terms, eligibility, and pricing vary by lender and borrower credit profile. Borrowing against your home converts unsecured debt into secured debt; missed payments can put the property at risk. MonitorBankRates is not a lender or financial advisor.
Personal Loan Payment Calculator
Estimate your monthly payment, total interest, and what an origination fee actually costs you. We’ve prefilled the APR with the current LA average, or click any rate on the right to apply it instantly.
Estimates assume a fixed-rate, fully amortizing loan with equal monthly payments and no prepayment. “Cash you actually receive” subtracts any origination fee deducted from proceeds; you still repay, and pay interest on, the full loan amount. Advertised APRs typically require strong credit; your approved rate may differ. This tool is for illustration and is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Louisiana personal loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Personal Loan Rate Data: We aggregate personal loan rates for Louisiana directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the institutions’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available personal loan products in Louisiana. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national lenders available to borrowers in LA.
Regularly Updated APRs: Our rate updaters verify and update personal loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Personal loan APRs shown typically represent “as low as” rates for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, and loan amount.
Frequently Asked Questions
What credit score do I need for a personal loan in Louisiana?
What is the difference between secured and unsecured personal loans?
Can I use a personal loan for debt consolidation in Louisiana?
Are credit unions or banks better for personal loans in Louisiana?
What is an origination fee on a personal loan?
Does checking personal loan rates hurt my credit score?
Can I pay off a personal loan early?
What are the best personal loan rates in Louisiana?
- Internal Revenue Federal Credit Union: 6.50% (Personal Loan)
- Hope Federal Credit Union Jackson, MS: 7.50% (Unsecured / Signature Loan)
- Southwest Louisiana Credit Union: 7.99% (Debt Consolidation Loan)
- Wymar Federal Credit Union: 8.50% (Unsecured - Amortizing Loan)
- First Street Federal Credit Union: 8.50% (Unsecured / Signature Loan)
