Red River Bank provides dollar that is small at competitive interest levels. Standard costs apply

Red River Bank provides dollar that is small at competitive interest levels. Standard costs apply

1 / 3rd of Shreveport residents count on pay day loans to address monetary emergencies or any other bills. Payday loan are loans in tiny buck quantities, often under $500 ($350 in Louisiana), and tend to be due in the borrowers next payday. Also, they are very costly, usually holding triple interest that is digit (apr) up to 782per cent (APR) on a $100 loan. In the event that debtor struggles to spend from the loan to their next pay check, they might move it once more and once more, which adds more charges, even while the attention is still added.