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King Pay Day Loans in Jefferson, LA
Louisiana-based payday lender offering small emergency loans ($50-$300) with same-day funding and in-person service at their Jefferson location.
Data compiled from public sources · Rating from CreditDoc methodology
King Pay Day Loans Review
King Payday Loans is a payday lending company operating from Jefferson, Louisiana, established by 2011. The company positions itself as a quick-access emergency cash provider for consumers facing short-term financial gaps between paychecks. They emphasize fast and friendly customer service as their primary differentiator in the payday loan market.
The company offers payday loans ranging from $50 to $300 in fixed increment amounts. Borrowers must qualify based on income and other factors determined by the lender. The application process requires in-person visits to their physical location on Jefferson Highway, where customers must present a valid Louisiana Driver's License or State ID, recent bank statements, pay stub documentation, and banking information via debit card or checking account details.
King Payday Loans distinguishes itself through localized, in-person service rather than online-only operations common to many payday lenders. Their small loan amounts ($50-$300) place them in the lower range of payday lending, potentially appealing to consumers seeking minimal borrowing. The emphasis on "fast and friendly" customer service suggests a local relationship-based approach rather than purely automated lending.
As a traditional payday lender, King Payday Loans operates in a category known for high-cost, short-term debt. Consumers should carefully evaluate whether payday loans align with their financial situation, as these products typically carry significant fees and APRs that can exceed 400%. The company provides no information about interest rates, fees, or alternative repayment options on their website. Prospective borrowers should request full disclosure of all costs before proceeding.
Services & Features
Checking account linked disbursement
Debit card funding options
Emergency cash advances
Fast loan approval and funding
In-person loan applications
Income-based loan qualification
Payday loans ($50-$300)
Same-day or next-day funding
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Small loan amounts ($50-$300) suitable for minimal emergency cash needs
- Same-day or fast funding available for qualified applicants
- Physical location provides in-person customer service and relationship banking
- Multiple loan amount options ($50, $100, $150, $200, $225, $250, $300)
- Simple application requirements listed clearly on website
- Established business since at least 2011, indicating operational longevity
Cons
- Website provides no disclosure of interest rates, APR, or fee structure—major red flag for transparent lending
- Limited to Louisiana residents only; geographically restricted service area
- Requires in-person visit to single physical location; no online or remote application option
- Payday loan structure inherently creates high-cost debt with typical APRs exceeding 400%
- No information about repayment terms, loan duration, or rollover policies
Rating Breakdown
Value 5.0
Effectiveness 3.0
Customer Service 3.7
Transparency 3.5
Ease of Use 3.9
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Frequently Asked Questions
Is King Pay Day Loans legitimate?
Yes. King Pay Day Loans is a registered company, headquartered in 3737 Jefferson Hwy STE A, Jefferson, LA 70121.
Quick Facts
- Headquarters
- 3737 Jefferson Hwy STE A, Jefferson, LA 70121
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on King Pay Day Loans
King Payday Loans is best for Louisiana residents needing $50-$300 in emergency cash who can visit their Jefferson location in person. The critical caveat is that payday loans are high-cost debt products; borrowers should request full APR and fee disclosure before applying and explore alternatives like credit union PALs, employer advances, or local non-profits first.
Best For
- Louisiana residents facing immediate small cash emergencies between paychecks
- Consumers who prefer in-person service and relationship-based lending interactions
- Individuals seeking very small loans under $300 with quick funding
Updated 2026-04-29
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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