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Minnesota Payday Loans up to $350
Need quick cash? No problem. Apply online and get a Payday Loan even for bad credit within 24 hours.
Are you a resident of Minnesota and have found yourself in urgent need of money? Banks and credit unions refuse you because you have a bad credit score? No problem! Try online Payday Loans which are legally offered in Minnesota by direct lenders on very favorable conditions. It's quick and easy, highly available for both good and bad credit, and automatically repaid with your next paycheck.
Apply for Payday Loans in Minnesota from the Best Direct Lenders Online or find a Loan Store near your location.
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Cash Advance and other Money Offers in Minnesota:
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Are Payday Loans Legal in Minnesota?
Loan Rates and Fees, Laws and Regulations in Minnesota.
Up to $350 Payday loans are legal in Minnesota by Minn. Stat. 47.60 et seq1. We also offer higher amounts within Installment ($1000 - $5000) or Personal ($5000 - 35,000) loans. The maximum repayment term for a Payday cash advance is 30 days. The APR is capped at 390% and you can be charged $15 for 14-day $100 loan. The number of simultaneous loans is not limited. But neither rollovers nor extensions are permitted.
Law status | legal |
MIN Loan Amount | None |
MAX Loan Amount | $350 |
MIN. Loan Term | None |
MAX. Loan Term | 30 days |
MAX APR | 390% |
Additional fees | $5-$15 |
NSF fee | Only one per loan |
Collateral or guarantor | None, unsecured |
Number of simultaneous loans | Not limited |
Cooling off period | None |
Rollover | None |
Extension, repayment plan | None |
Default penalties | Not stated |
Credit score requirements | Available for Bad Credit |
PayDay Loan Calculator
Before you apply for a short-term cash advance online consider other Payday Loan alternatives:
- Installment Loans and Personal Loans online
- Debt Consolidation Loans, Credit Builder Loans, Credit Cards
- Social services and local assistance programs
- Additional part-time jobs or some side gigs and freelance opportunities to earn extra cash
- Recycling for money
- Help from your employer, creditors, family and friends
- Traditional banks or credit unions.
Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default on the loan. Avoid rollovers, renewals, or extensions. It'll help you get out of Payday debt fast and easy.
Online Payday Loans in Minnesota
Any resident of Minnesota can apply for a Payday Loan both online and in-store. But, of course, online lending is becoming more and more popular as it has plenty of advantages:
- it gives you a chance to compare a lot of different offers at once,
- you can avoid driving, doing paperwork and waiting in lines,
- applying is free and simple,
- you have very high chances of approval even with a bad credit score,
- you can find some lenders ready to give you the loan with no credit check,
- it's available 24 / 7.
The process of applying online is quick and simple:
- Compare the lenders and choose the one with the best rates and fees;
- Fill out the necessary information in the application form
- Get the money deposited into your account within 1 business day
- Pay off the loan with your next paycheck
Requirements to qualify for a Payday Loan in Minnesota:
What do I need to qualify for a short-term cash advance?
Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:
- Minnesota (US) residence
- Minimum regular income of $1,000 per month
- Valid checking or savings account with direct deposit
- Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
- Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
- If applying Online, you must provide a valid Social Security Number
- If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
- If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.
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Any comments or reviews made on this website are only individual opinions of the readers and followers of the website. The website and its authors team are not responsible, nor will be held liable, for anything anyone says or writes in the comments. Further, the author is not liable for its’ readers’ statements nor the laws which they may break in the USA or their state through their comments’ content, implication, and intent.