Jena, Louisiana
1441 W. Elm St.
Jena, LA 71342
318-992-5000

Everything You Should Know About Payday Loans January 4, 2019

Jena, LaSalle
Everything You Should Know About Payday Loans, Jena, Louisiana

When you are short of money and face an unexpected expense, a payday loan is often a good solution. It provides fast cash at reasonable terms and gives you just enough to tide you over until your next paycheck. If you are unfamiliar with the concept, the guide below explains the process in more detail.

What to Know About Payday Loans

What Is a Payday Loan?

It's a short-term loan for a small amount, usually between $50 to $1,000, that enables you to survive a financial hit until the next pay period. These types of loans are typically fast and easy to get and do not require an extensive credit check or a perfect credit rating.

How Do You Get a Payday Loan?

Payday loans in Jena, LAThe process usually involves walking into a storefront and filling out paperwork with your personal and financial information. Some lenders allow you to apply online. Most require you to postdate a check to them for the loan amount plus the finance fee. Fees are typically a small amount multiplied by the number of hundreds you are given. For instance, if the rate is $15 per hundred and you borrow $300, you must pay back $345.

How Long Do the Loans Last?

Most loans are only a week or two long. The lender will submit your post-dated check—or otherwise access your account—for payment on the day you have indicated as "payday."

How Do You Qualify?

Qualifications vary by lender. However, most require you to have been employed for at least six months and to earn a certain monthly minimum. You must have a bank account the lender can access for repayment and have lived at the same address for a certain amount of time, often three to six months.


If you're interested in a fast, affordable payday loan, contact National Loan Co Of Jena, a trusted loan agency serving communities in LaSalle County, LA. In addition to short-term loans and check cashing, they also specialize in prepaid debit cards, prepaid cell phone minutes, and Western Union money orders. Visit their website for location details or call (318) 992-5000 to see if you qualify.

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