This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Payment Plan Math in Louisiana

Under Louisiana law, the maximum finance charge a lender may impose on a consumer loan is 10% per year on the unpaid principal balance. This rate is set by the Louisiana Consumer Credit Law, La. R.S. § 9:3510 et seq., which governs how payment plans must be structured. The statute requires that interest be calculated on the declining principal, meaning the charge decreases as payments are made. The official source provides the exact statutory language and any applicable exceptions. The worked example below illustrates how the 10% annual rate applies to a typical loan balance. For a precise estimate tailored to your loan terms and repayment schedule, use the DocketMath calculator, which applies the statutory formula directly.

Governing authority

In Louisiana, the payment plan math rule is set by La. R.S. § 9:3510 et seq.. The verified packet cites La. R.S. § 9:3510 et seq. (https://www.legis.la.gov/legis/Law.aspx?d=109408).

Louisiana payment plan math: the verified value is 10% under La. R.S. § 9:3510 et seq.. The verified packet cites La. R.S. § 9:3510 et seq. (https://www.legis.la.gov/legis/Law.aspx?d=109408).

Estimate your own result: every situation has exceptions that can change the outcome. Use the payment plan math calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.