- Payday loans in Westlake 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 Westlake; ask about small-dollar loans before borrowing.
Westlake at a glance
| Westlake | |
|---|---|
| Population (2024 Census estimate) | 4,735 |
| Change since 2020 | -4.4% (shrinking) |
| County | Calcasieu Parish |
| Size rank among 256 Louisiana places we cover | 62nd |
| Nearest larger city | Lake Charles (about 5 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in Calcasieu Parish | 9 |
| Other towns within 25 miles | 5 (about 110,859 residents) |
| Typical payday APR statewide (CRL 2023) | 410% |
Whether you borrow at a storefront in Lake Charles or online from Westlake, the lender must hold a Louisiana license from the Louisiana Office of Financial Institutions and follow state limits.
Credit unions in Westlake
These credit unions have their main office in Westlake, according to NCUA call report data (June 2026):
- Old Spanish Trail Credit Union (state charter)
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 Westlake
Key Louisiana limits that apply to Westlake borrowers: 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 Westlake
At Louisiana’s maximum fee, borrowing $300 costs $50.25 (16.75%) plus a $10 documentation fee. Statewide, the typical APR on a $400 payday loan was 410% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Calcasieu Parish before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Westlake that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Westlake
The nearest larger city is Lake Charles, about 5 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 Westlake?
Yes. Payday loans are legal in Westlake under Louisiana state law, and lenders must be licensed by the Louisiana Office of Financial Institutions.
How much does a payday loan cost in Westlake?
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 Westlake?
Yes. NCUA data lists 1 credit union with a main office in Westlake, including Old Spanish Trail Credit Union.
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