Minnesota Payday Loan
When so many payday loan lenders to choose from, how can you find the most suitable for you? Alas, SameDayPayday is here to help. Use our site to research companies where you will find comprehensive profiles and user reviews. Or if you’d like to find someone in your area, our city guides provide a directory of local stores offering different financial solutions.
There’s no need to wait until your next paycheck. Minnesota residents have the option of applying online for a quick and confidential cash loan from the comfort of your own home. The approval process takes minutes and if approved, funds can be deposited within one business day. The application is easy - SameDayPayday requests some basic information which needs to be provided completely and accurately.
The state motto of Minnesota, also known as “The Gopher State” is: “The Star of the North.”
Payday Loan Lending Laws in Minnesota
It is legal to get a payday loan in Minnesota. The maximum amount that a person can borrow in Minnesota is $350. A lender can charge $15 for every $100 loaned over a two-week period. Like many other states Minnesota has a maximum term for payday loans, which is 30 days.
In 2006, there were about 55 locations for payday lenders that operated in Minnesota. Five years later and the number of stores increased to 100. Now there’s the internet. With its wide spread use as a viable tool, payday lenders have taken to the web! In an internet search early 2017, “payday loans Minnesota” turned up 567,000 hits!
Minnesota Payday Loan - Cities