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Minnesota Payday Loans
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.
If you are looking for fast and easy Payday Loans Near Me just start the application form online now and the money will be deposited to your bank account the same day. No hard credit check is typically required.
START ONLINE APPLICATION
Why Choose Compacom for Payday Loans in Minnesota
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How Minnesota Payday Loans Online Work - 3 Easy Steps to Instant Cash
Apply Online in Minutes
Fill out a short form — we’ll match you with a lender that fits your needs.Review Your Offer
If approved, check the terms and accept the offer only if it works for you.Get Your Money Fast
Funds are sent straight to your bank account — often the same or next business day.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. 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 |
Minnesota Payday Loans Near Me
We are soon expanding to the following cities of Minnesota. For instant cash advance at these locations you can use our online application form
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.
How to Apply
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
With online payday loans you can get a 500 dollar loan on average. The terms vary from 7 to 30 days. As payday lenders consider no credit check in some cases, it’s possible to get cash within 24 hours since loan approval.
Alternative Loan Offers for Instant Cash in Minnesota
FAQ
Payday Loans Hub
In the Payday Loans Hub, we've collected all the useful guides and resources on Payday Loans. Our experts conducted thorough research to give you the answer to any possible question on the topic.
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