Payday Loans in Angora, Minnesota

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No payday loan companies in Angora, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
Northern Pawn 303 Credit Union Drive Northeast 9, Isanti, MN 55040 +1 (763) 444 - 7347
Merrill Lynch Wealth Management 4041 28th St NW Suite 100, Rochester, MN 55901 +1 (507) 281 - 6710
Pioneer Bank 320 Stadium Rd 100, Mankato, MN 56001 +1 (507) 345 - 7069
Bremer Bank 201 N Broadway, Crookston, MN 56716 +1 (218) 281 - 4182
Wealth Management Midwest 20 Lake St N 310, Forest Lake, MN 55025 +1 (651) 464 - 2664
Alexandria Mortgages Corporation 510 22nd Ave E STE 300, Alexandria, MN 56308 +1 (320) 763 - 8719
AAMCO Transmissions & Total Car Care 5231 W Broadway Ave, Minneapolis, MN 55429 +1 (763) 535 - 3112
Stadium Pawn 214 N 34th Ave W, Duluth, MN 55807 +1 (218) 727 - 5300
Red Wing Credit Union 3303 N Service Dr, Red Wing, MN 55066 +1 (651) 388 - 7133
Probanc Commercial Lending 2751 Hennepin Ave, Minneapolis, MN 55408 +1 (612) 235 - 2000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Angora, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Andover, MN, Payday Loans in Burnsville, MN, Payday Loans in Cottage Grove, MN, Payday Loans in Duluth, MN, Online Loans in Eden Prairie, MN, Payday Loans in Inver Grove Heights, MN, No Credit Check Loans in Lakeville, MN and Emergency Loan in Mankato, MN. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Angora, MN.

Payday Loans Available in Angora, MN By The Following ZIP Codes:

55703

Are Payday Loans Legal In Angora, Minnesota?

Loan Rates and Fees, Laws and Regulations in Minnesota.

Minnesota Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)200
Maximum Loan Amount$350
Minimum Loan TermNot Specified
Maximum Loan Term30 days
Number of Rollovers Allowed0
Finance Charges<$50 = $5.5; $50 - $100 = 10% + $5; $100 - $250 = 7% (min $10) + $5; $250 - $350 =6% (min $17.5) + $5

Angora, MN payday loan calculator

Payday Loans in Angora, Minnesota: An All-Inclusive Guide

If you’re residing in Angora, Minnesota, and are in dire need of quick cash to sort out an unexpected financial emergency, you may have come across the term ‘payday loans’. These short-term loans are undoubtedly a great way to get instant cash loans but can be quite tricky if not correctly understood. In this guide, we’ll provide you with everything you need to know about payday loans in Angora, Minnesota.

The Basics of Payday Loans

A payday loan is a type of short-term loan that you can ask for when you need quick cash to sort out an unexpected emergency. It usually comes in small amounts, ranging from $100 to $500.

To get a payday loan, you will need to provide proof of identification, proof of income, and bank details to the lender. Payday loans are prevalent because they’re relatively easy to secure, and lenders usually don’t run an in-depth background check.

Payday Loans in Angora, Minnesota: Are They Legal?

Yes, payday loans are legal in Minnesota, including Angora. Under the Minnesota payday lending law, borrowers have the right to a maximum loan amount of $350 and a loan term of not more than 30 days. Additionally, payday lenders are only allowed to charge a maximum annual percentage rate (APR) of 390% on loans.

It’s essential to note that despite the legality of payday loans in Minnesota, they should only be taken out as a last resort. The high-interest rates attached to payday loans can lead to a cycle of debt and financial instability. As such, you should explore other options before turning to payday loans.

How to Get a Payday Loan in Angora, Minnesota?

To get a payday loan in Angora, Minnesota, you’ll need to meet the following requirements:

  • You must be at least 18 years old
  • You must have a steady income source, employment history, or a regular government benefits check
  • You must have an active bank account
  • You must have a valid email address and phone number

Once you’ve met the eligibility criteria, you can then proceed to apply for a payday loan through a lender or a loan connection service. If you opt for a direct lender, you’ll need to fill out an online application form, provide the necessary details, and wait for approval. The loan amount will then be deposited directly into your bank account once approved.

If you use a loan connection service like TheGuaranteedLoans, you’ll only need to fill out one application form, and the service will then match you with multiple lenders who meet your requirements. This way, you don’t have to go through the tedious process of filling out multiple application forms.

Payday Loan Repayment Terms in Angora, Minnesota

Payday loans are supposed to be short-term loans that are repaid once you receive your next paycheck. As such, payday loan lenders usually set the repayment terms to coincide with your pay schedule.

For Minnesota payday loans, borrowers have a maximum repayment period of 30 days. Lenders are required by law to disclose the terms of the loan, interest rate, and total repayment amount upfront before you sign the loan agreement. This means you know exactly what you’re getting into before agreeing to the loan.

Interesting Facts and Statistics About Payday Loans in Angora, Minnesota

  • Minnesota has some of the strictest payday lending laws in the country
  • Over 330 payday lenders operate in Minnesota, and they charge an average APR of 277%
  • The payday lending industry creates a debt cycle that can lead to long-term financial instability
  • Payday loans cost Minnesota consumers over $75 million each year in fees and interest payments

Apply Now for a Payday Loan in Angora, Minnesota

If you’re struggling financially and need quick cash, a payday loan can help. At TheGuaranteedLoans, we work with multiple lenders who can best suit your needs. Fill out our online application form and get matched with a lender today. We’re a connector service that connects potential borrowers to lenders, but we don’t provide direct loans.

Conclusion

While payday loans can be a great way to get quick cash, they come with high-interest rates that can lead to long-term financial instability. As such, it’s essential to explore other options before settling for a payday loan. If you must take out a payday loan, ensure that you’re borrowing from a reputable lender and that you understand the loan terms and repayment schedule.

F.A.Q.

Are there any fees or charges associated with payday loans in Angora, Minnesota?

Yes, there is a fee of $15.50 per $100 borrowed, which must be paid in addition to the loan amount.

Can I renew or extend my payday loan in Angora, Minnesota?

No, payday loans in Angora, Minnesota cannot be renewed or extended. You must repay the loan in full by the due date.