Personal loans in Broussard, LA

With about 14,543 residents, Broussard ranks 21st by population among the 302 Census places in Louisiana. Its population grew about 8.2% between the 2020 Census base and the 2023 estimate. If you are shopping for a personal loan in Broussard, the rules that govern the loan are Louisiana's statewide consumer-lending statutes, and the nearest larger metro is Youngsville, LA about 4 miles away.

By the Loansloth Editorial Team · Last updated 2026-09-16

What is specific to borrowing in Broussard

Population: 14,543 (US Census Bureau, Vintage 2023 subcounty estimate) — the 21st-largest place of 302 in Louisiana.
Population trend: Its population grew about 8.2% between the 2020 Census base and the 2023 estimate.
Size percentile: larger than about 93% of the Census places in Louisiana.
Location: 30.1374, -91.9558 (US Census Bureau Gazetteer).
Nearest larger cities: Youngsville (4 mi); New Iberia (12 mi); Opelousas (28 mi); Zachary (60 mi); Central (62 mi). Larger metros often have more walk-in branches, but online lenders serve Broussard on the same terms.
Nearest smaller towns: St. Martinville (7 mi); Parks (9 mi); Maurice (10 mi).

Louisiana lending rules that apply in Broussard

Rule	Detail	Source
Maximum legal interest rate (usury cap)	12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum."	Louisiana State Legislature as of 2026-09-16
Payday lending status	Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less."	Louisiana Office of Financial Institutions as of 2026-09-16
Small-loan / installment lender licensing	Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office"	Louisiana Office of Financial Institutions as of 2026-09-16
State lending regulator	Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana."	Louisiana Office of Financial Institutions as of 2026-09-16
Licensed-lender consumer loan finance charge caps	36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars"	Louisiana State Legislature as of 2026-09-16

How a personal loan works in Broussard

Most loans offered to Broussard residents are unsecured, meaning no collateral is pledged and the lender relies on your credit history instead. That is why the quoted APR moves so much with your credit score: a borrower with excellent credit may see a single-digit APR, while a borrower with damaged credit may see rates in the high twenties or thirties. Checking your credit report before you apply — and disputing any error — is the highest-leverage step you can take.

Before you apply in Broussard

Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
Run the numbers with our personal loan calculator so you know the payment before a lender tells you.
Pre-qualify with at least three lenders and compare the APR, not the interest rate.
Check the lender is licensed in Louisiana using the regulator listed above.
Read the disclosure for origination fees and any prepayment penalty before you sign.

Compare personal loan offers Run the numbers first

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Frequently asked questions

Can I get a personal loan with bad credit in Broussard?

Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Broussard are the same as elsewhere in Louisiana.

How much can I borrow with a personal loan in Broussard?

Most personal loans range from about $1,000 to $50,000, but the amount you are approved for depends on the lender and your income and credit. Use our personal loan calculator to model the payment before you apply.

Does a personal loan in Broussard require collateral?

Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.

Will shopping for a loan in Broussard hurt my credit?

Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Youngsville, LA — population 18,002
St. Martinville, LA — population 5,255
Parks, LA — population 634
Breaux Bridge, LA — population 7,500
Maurice, LA — population 2,816
Scott, LA — population 8,728
New Iberia, LA — population 27,080
Delcambre, LA — population 1,760