- Payday loans in Gilbert follow Louisiana law (Louisiana Deferred Presentment and Small Loan Act, as amended by Act 510 (2025)).
- Borrowing $300 at the state maximum costs $50.25 (16.75%) plus a $10 documentation fee.
- The nearest larger city is Monroe, about 41 miles away.
Gilbert at a glance
| Gilbert | |
|---|---|
| Population (2024 Census estimate) | 434 |
| Change since 2020 | -2.7% (shrinking) |
| County | Franklin Parish |
| Size rank among 256 Louisiana places we cover | 224th |
| Nearest larger city | Monroe (about 41 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Franklin Parish | 1 |
| Other towns within 25 miles | 9 (about 8,696 residents) |
| Typical payday APR statewide (CRL 2023) | 410% |
Payday lending in Gilbert follows Louisiana state law. Lenders that serve Gilbert, in a store or online, must be licensed by the Louisiana Office of Financial Institutions.
Credit unions near Gilbert
No credit union has its main office in Gilbert, but these are based elsewhere in Franklin Parish (NCUA, June 2026):
- District 58 Federal Credit Union in Chase (federal charter — may offer payday alternative loans (PALs))
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Gilbert
The main Louisiana rules for a payday loan in Gilbert: maximum loan: $700 since August 1, 2025 (was $350); OFI publishes an annual adjustment; maximum fee: 16.75% of the amount advanced, plus a $10 documentation fee (the old $45 cap was removed); loan term: up to 30 days. See the full Louisiana payday loan rules.
What a $300 loan costs in Gilbert
The Center for Responsible Lending put the typical APR on a $400 payday loan in Louisiana at 410% (June 2023). For $300 at the state maximum, expect $50.25 (16.75%) plus a $10 documentation fee. Check any offer with our payday loan calculator.
Other help in Franklin Parish before you borrow
- Call or text 211 for help with rent, utilities and food in Franklin Parish.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Gilbert
- Wisner · 5 mi
- Winnsboro · 9 mi
- Sicily Island · 14 mi
- Mangham · 19 mi
- Harrisonburg · 22 mi
- Waterproof · 23 mi
The nearest larger city is Monroe, about 41 miles away. See all 256 Louisiana cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Gilbert?
Yes. Payday loans are legal in Gilbert under Louisiana state law, and lenders must be licensed by the Louisiana Office of Financial Institutions.
How much does a payday loan cost in Gilbert?
At Louisiana’s maximum fee, borrowing $300 costs $50.25 (16.75%) plus a $10 documentation fee. The typical statewide APR was 410% in 2023.
Where is the nearest credit union to Gilbert?
No credit union is headquartered in Gilbert, but District 58 Federal Credit Union is based in Chase, also in Franklin Parish.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Louisiana OFI — 2025 deferred presentment and small loan legislation
- Louisiana OFI — Payday loans pamphlet
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary