Personal Loans in Louisiana
A personal loan is designed to be simple, easy to repay, and able to cover everything life can throw your way. Whether you’re working to repay your student loans or trying to cover the cost of a new car, a personal loan in Louisiana may be the answer you need.
What Is a Personal Loan?
There is a lot of confusion around the various types of loans. A personal loan is a lump sum of money that you will receive upon being approved, which you then repay over monthly installments, with interest, until the full amount is repaid – usually over two to five years.
What Can I Pay for with a Personal Loan?
A personal loan can be used for quite a bit. It all depends on your situation. You may wish to use your personal loan for:
- Debt Consolidation
- Unexpected Expenses
- Medical Bills
- Home Improvement Projects
- Special Events
In reality, you can use a personal loan for anything you wish. Once you’re approved, the money is yours to keep and use.
What’s the Difference Between a Personal Loan and a Line of Credit?
Both a personal loan and a line of credit are designed to provide the borrower – that’s you – with the opportunity to receive cash-in-hand quickly. The primary difference is how you receive the money and how you repay the loan. With a personal loan, you receive the money all at once. Then, you pay over a fixed term. With a line of credit, you draw, repay, and redraw available funds from an account.
Can I Get a Personal Loan with Bad Credit?
It is absolutely possible to receive a personal loan with bad credit. Here at Wise Loan, we have various loan-qualification requirements and terms, much like a traditional bank, designed to help people with bad credit or low credit scores.
If you’re interested in applying for a personal loan in Louisiana, contact Wise Loan today by calling 800-516-7840. Please take a moment to read our terms and conditions below.
How Much You Can Borrow
In the state of Louisiana, Wise loan offers loan amounts between $200 – $2000. You don’t necessarily need to have good credit to be approved for a Wise Loan! Amounts, as well as approvals, are determined by several factors including your credit and loan repayment history.
Flexible Payment Terms
With a Wise Loan installment loan, you get to pick the number of payments needed to pay off the loan. Louisiana residents can choose from up to 12 monthly payments, 26 bi-weekly payments, 24 semi-monthly payments or 52 weekly payments. When choosing the payment terms, be sure to pick terms that accurately reflect your ability to pay.
Repayment Schedule
Annual Percentage Rates (APRs) will differ depending on several factors. Quicker payoffs will result in lower rates. For more information, see an example repayment schedule of a Wise Loan.
Terms And Conditions For Louisiana
Always review the full terms and conditions and privacy policy before taking out a loan. APR calculations are based on your first payment date being 14 days from the loan effective date and are provided in accordance with federal Truth in Lending laws. APRs may vary based on loan term. Please see your loan agreement for the APR and other terms applicable to your loan.