Possible Loan is available in Louisiana
Possible Loan is available in Louisiana
Possible Finance offers small-dollar installment loans in Louisiana, with a maximum loan amount of up to $500^. Applying takes minutes with the Possible app and does not require a FICO score check. Connect your bank account and Possible reviews your income and cash flow to approve you for a loan. Funds typically arrive in minutes. Repayment is typically split into installments, unlike traditional lump-sum payday loans.
Source: CFPB
Find out more about the Possible Loan
Availability
Possible Loans are available in Louisiana
Loan Amount
Loans range from $50-$500. The average first loan is $197 (Source: internal data, December 2025)
Cost
$20 for every $100 you borrow. Get an estimate in the app.
Repayment Term
Typically repaid in 4 installments over 8 weeks. See Sample Payment Schedules.
Flexibility
Each installment can be moved up to 29 days out from the originally scheduled due date.
Credit Impact
No FICO check to apply. Payments are reported to credit bureaus: TransUnion and Experian.
State Licenses & Disclosures
Louisiana
IF YOU CANNOT MAKE PAYMENT WHEN DUE, YOU CAN ASK TO ENTER INTO AN EXTENDED PAYMENT PLAN ONCE IN A TWELVE-MONTH PERIOD, BUT THE REQUEST MUST BE MADE BEFORE PAYMENT IS DUE. SHOULD YOUR LENDER (LICENSEE) REFUSE TO ENTER INTO AN EXTENDED PAYMENT PLAN UPON YOUR REQUEST BEFORE THE DUE DATE, CONTACT THE OFFICE OF FINANCIAL INSTITUTIONS AT 1-888-525-9414.
Interest: $16.75 for every $100 borrowed Documentation Fee: $10 for every loan
Eligibility & Documents
18+ and a resident of Louisiana
SSN/ITIN (or as permitted by law)
Active checking account in your name
A loan that’s built for your finances
No FICO check
Your income, cash flow and money habits count towards the results of your application and are part of how we make lending decisions.
Know when to apply
Link your bank account and we'll let you know the best time to submit your application.
Take the time you need to pay off your loan
You can Pay Over Time in installments, and move payments up to 29 days out from the original due date—there’s no rescheduling fee. This benefit is available to all members, no matter what.
Build credit history Unlike payday loans, your payments are reported to credit bureaus.
Get real-time alerts Know instantly when you’re approved, get reminders when payment dates are coming up and more.
Estimate the cost of Possible Loans in Louisiana
Your state
You borrow
$200
In Louisiana it's $20 for every $100 that I borrow.
WithPay Over Time, I can pay $240 back over eight weeks.
Week 2
$60
Week 4
$60
Week 6
$60
Week 8
$60
Frequently asked questions
What is a Possible Loan? A Possible Loan is a small-dollar installment loan designed to provide quick access to cash while helping build credit history. Unlike payday loans, which often require lump-sum repayment, Possible Loans are repaid in scheduled installments.
Is Possible Loan available in Louisiana? Yes, Possible Loans are available in Louisiana, subject to eligibility and applicable state regulations.
How much does a Possible Loan cost in Louisiana? In Louisiana, the fee for a Possible Loan is typically $20 per $100 borrowed.
What are some alternatives in Louisiana? Consider small-dollar loans from credit unions or look for local emergency assistance through 211.
What are the eligibility requirements? Eligibility generally includes being at least 18, having a qualifying, active bank account, and meeting state-specific requirements.
Will applying for a Possible Loan impact my credit? Applying does not involve a FICO check, and on-time payments can help build or rebuild your credit history over time.
How long does it take to apply and get a decision? The application takes only a few minutes in the Possible app, and most applicants receive a decision in minutes.
When will I get the money? Most customers who choose debit card disbursement receive funds within minutes.