Personal Loans in Louisiana
SET Financial is a free matching service that helps Louisiana residents connect with third-party lenders · we do not lend or set your rates.
Get StartedSET Financial is a lead-connection service for new loan requests, not the lender. Not everyone who applies will be matched or approved.
Connecting Louisiana Residents with Lenders
SET Financial is a loan-matching service for Louisiana residents, not a lender in Louisiana. We help connect you with third-party lenders that offer personal and installment loans, and those lenders make every credit decision and set every rate and term. Applicants with bad credit or thin or limited credit history are welcome to check their options, though connection and approval are never guaranteed.
An installment loan is money you borrow as a lump sum and repay in fixed, scheduled payments over a set term, which can make budgeting more predictable than open-ended credit. Louisiana residents commonly use personal installment loans for car repairs, medical or dental bills, home or appliance fixes, moving costs, hurricane and storm preparation, debt consolidation, or unexpected emergencies between paychecks.
How It Works
- ✓ Share a few details about what you're looking for
- ✓ We connect you with lenders in our network
- ✓ The lender reviews your request and any offer
- ✓ You decide whether to move forward with the lender
- ✓ SET Financial is never a party to your loan
Who the Network Works With in Louisiana
Bad credit
Some lenders in our network consider more than a credit score. You can check whether you connect with a lender open to less-than-perfect credit, though approval and terms are always the lender's decision.
Thin or no credit
If you have little or no credit history, certain third-party lenders may still review your request. SET Financial only makes the connection · the lender decides.
Self-employed or 1099 income
Self-employed and 1099 earners in Louisiana can request a connection. Lenders may ask for bank statements or other proof of income when they evaluate your application.
Fixed income
Residents on Social Security, disability, retirement, or other fixed income can check their options. Each lender sets its own income and eligibility requirements.
Louisiana Rates and Your Protections
Consumer lending in Louisiana is governed by the Louisiana Consumer Credit Law and overseen by the Louisiana Office of Financial Institutions, which licenses consumer lenders. Louisiana law sets tiered maximum loan finance charges for licensed consumer loans (for example, up to 36% per year on the portion of principal not exceeding $1,400, with lower ceilings on higher principal tiers), and lenders may also charge certain permitted fees, so the total APR you are offered depends entirely on the lender, your loan amount, and your qualifications. SET Financial does not set or control any rate, fee, or term.
You can confirm any lender is licensed by checking with the Louisiana Office of Financial Institutions, and you should always review the exact APR, fees, payment schedule, and total cost written in your loan agreement before you sign.
Regulator: Louisiana Office of Financial Institutions (OFI), Non-Depository Division.
Serving Borrowers Across Louisiana
The lender network works with residents statewide, including:
New Orleans · Baton Rouge · Shreveport · Lafayette · Lake Charles · Kenner · Bossier City · Monroe
Common questions
Quick answers. For more, see our full FAQ page.
Does SET Financial lend money in Louisiana?
No. In Louisiana, SET Financial is only a matching service that connects residents with third-party lenders. We are not a licensed lender in Louisiana, and the lender makes all credit decisions and sets all rates and terms.
Who regulates consumer loans in Louisiana?
Consumer installment and personal lending in Louisiana is governed by the Louisiana Consumer Credit Law and overseen by the Louisiana Office of Financial Institutions (OFI), which licenses consumer lenders operating in the state.
What interest rate can I expect on a Louisiana loan?
Louisiana law sets tiered maximum finance charges under the Louisiana Consumer Credit Law, and lenders may add certain permitted fees. Your actual APR is set by the lender based on your loan amount and qualifications, so review the rate in your loan agreement before signing.
Can I get connected with a lender if I have bad credit in Louisiana?
Possibly. Some lenders in our network work with borrowers who have bad, thin, or no credit, but connection and approval are never guaranteed and are entirely up to the lender.
How do I verify a lender is licensed in Louisiana?
You can confirm a lender's license through the Louisiana Office of Financial Institutions. Always review the APR, fees, and repayment terms in your loan agreement before you accept any offer.