- Payday loans in Rayville 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.
- 1 credit union is headquartered in Rayville; ask about small-dollar loans before borrowing.
Rayville at a glance
| Rayville | |
|---|---|
| Population (2024 Census estimate) | 3,195 |
| Change since 2020 | -4.3% (shrinking) |
| County | Richland Parish |
| Size rank among 256 Louisiana places we cover | 85th |
| Nearest larger city | Monroe (about 19 miles) |
| Credit unions headquartered in town (NCUA) | 1, 1 federal |
| Credit unions headquartered in Richland Parish | 1 |
| Other towns within 25 miles | 11 (about 83,176 residents) |
| Typical payday APR statewide (CRL 2023) | 410% |
Payday lending in Rayville follows Louisiana state law. Lenders that serve Rayville, in a store or online, must be licensed by the Louisiana Office of Financial Institutions.
Credit unions in Rayville
These credit unions have their main office in Rayville, according to NCUA call report data (June 2026):
- Richland Parish Schools Federal Credit Union (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 Rayville
The main Louisiana rules for a payday loan in Rayville: 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 Rayville
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 Richland Parish before you borrow
- Call or text 211 for help with rent, utilities and food in Richland 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 Rayville
The nearest larger city is Monroe, about 19 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 Rayville?
Yes. Payday loans are legal in Rayville under Louisiana state law, and lenders must be licensed by the Louisiana Office of Financial Institutions.
How much does a payday loan cost in Rayville?
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.
Are there credit unions in Rayville?
Yes. NCUA data lists 1 credit union with a main office in Rayville, including Richland Parish Schools Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
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