Services & Rates

GMS Bayou Loans, LLC Services & Rates

Doing business as General Money Store in LOUISIANA:



General Money Store has been licensed by the Louisiana Office of Financial Institutions under the Louisiana
Deferred Presentment and Small Loan Act since the year 2000, license number:            983329-652523

Loan Fees:                 16.75% of the face amount of the electronic check with a maximum fee of $45.00
                                    or equivalent of interest.

Document Fee:         $10.00           Return Payment Fee:    $15.00

Default Interest:       36% per annum for 1 year

Deferred Presentment Loans are not intended to meet your long-term financial needs.  The long-term frequent use of Deferred Presentment Loans may cause financial hardship

IF YOU HAVE QUESTIONS OR COMMENTS: Call toll free within Louisiana (888) 525-9414
Baton Rouge calling area (225) 922-2591
SAMPLE LOAN PROCESS BASICS:

The loan will be originated for tomorrow's date which is usually when funds are deposited to your bank.

A customer may borrow again after the payment of a previous electronic draft is verified, which is usually 3 days.

The loan can be renewed on your due date with the payment of the loan fee plus 20% of the balance owed.
Call and speak to a representative for details.
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*this loan table is based on a 14-day loan with an approximate annual percentage rate (APR) of 521.43%

Repayment Plan:

IF YOU CANNOT MAKE PAYMENT WHEN DUE, YOU CAN ASK TO ENTER INTO AN EXTENDED PAYMENT PLAN ONCE IN A TWELVE-MONTH PERIOD, BUT THE REQUEST MUST BE MADE BEFORE PAYMENT IS DUE. SHOULD YOUR LENDER REFUSE TO ENTER INTO AN EXTENDED PAYMENT PLAN UPON YOUR REQUEST BEFORE THE DUE DATE, CONTACT THE OFFICE OF FINANCIAL INSTITUTIONS AT (888) 525-9414.
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  • Easy online loan application process

  • Fast loan application acceptance

  • Quick funding upon approval.