Payday Loans in Bethel, Minnesota

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Associated Bank 733 S Marquette Ave 235, Minneapolis, MN 55402 +1 (612) 359 - 4434
United States Postal Service 148 Broadway Ave S, Shevlin, MN 56676 +1 (800) 275 - 8777
Frandsen Bank & Trust 206 Main St S, Hector, MN 55342 +1 (320) 848 - 2222
Home Federal Savings Bank 50 14th Ave E 100, Sartell, MN 56377 +1 (320) 654 - 4020
Wells Fargo Home Mortgage 83 Downtown Plaza, Fairmont, MN 56031 +1 (507) 238 - 9349
Citizens Bank Minnesota 170 Meeker Ave N, Watkins, MN 55389 +1 (320) 764 - 2600
U.S. Bank ATM - Blooming Prairie 236 Main St E, Blooming Prairie, MN 55917 +1 (800) 872 - 2657
Lake Bank 613 1st Ave, Two Harbors, MN 55616 +1 (218) 834 - 2111
Waddell & Reed, Inc. - Financial Advisors 1822, 106 E Main St 104, Belle Plaine, MN 56011 +1 (952) 873 - 2703
Premier Bank Monticello 4134 Deegan CT, Monticello, MN 55362 +1 (763) 271 - 7670

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Bethel, MN, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Andover, MN, Same Day Loans in Burnsville, MN, Payday Loan Without a Credit Check in Cottage Grove, MN, No Credit Check Loans in Duluth, MN, Payday Loan Companies in Eden Prairie, MN, Payday Loans in Inver Grove Heights, MN, Same Day Loans in Lakeville, MN and Payday Loans 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 Bethel, MN.

Beautiful sights of Bethel, MN

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

55005

Are Payday Loans Legal In Bethel, 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

Bethel, MN payday loan calculator

In the state of Minnesota, payday loans are a popular financing option for anyone who might need quick cash to cover their expenses. For residents of Bethel, Minnesota, payday loans are an accessible option as they are legal in the state. If you are considering taking out a payday loan in Bethel, Minnesota, this article will provide you with all the essential information you need to make an informed decision.

What is a Payday Loan?

A payday loan is a short-term loan that is designed to be repaid by the borrower within two weeks to a month, depending on the borrower’s payday. It is usually offered to people with poor credit scores who cannot access traditional bank loans. Payday loan lenders do not require a lot of documentation, and the funds can be disbursed quickly, even on the same day the application is submitted. However, the interest rates on these loans are higher than those of traditional loans; hence, the borrower will pay more than the initial loan amount if they fail to repay their debt on time.

How Do Payday Loans Work in Bethel, Minnesota?

In Bethel, Minnesota, payday loans are regulated by state laws, and lenders are required to abide by the regulations when offering loan products to residents. In Minnesota, payday lenders are allowed to charge up to $30 for every $100 borrowed as a finance charge. For instance, if you borrow $300, you will be expected to repay $390, which includes a $90 finance charge. Ensure that you understand the payment terms and the finance agreements before you sign any loan agreement.

Eligibility Requirements

You are eligible for a payday loan in Bethel, Minnesota, if you meet the following requirements:

  • You are 18 years or older
  • You are a permanent resident or citizen of the United States
  • You have a valid ID and a Social Security Number
  • You have a verifiable source of income
  • You have a bank account

Benefits of Payday Loans

Payday loans are many benefits that make them attractive to people in need of urgent cash. Some of the advantages of payday loans are:

  • Quick approval and disbursement of funds
  • No collateral is required
  • Low credit scores don’t disqualify applicants
  • Flexibility in payment terms
  • Access to credit when there are no other options

Drawbacks of Payday Loans

Although payday loans have many benefits, they are not without their drawbacks. Some of the disadvantages of payday loans are:

  • High-interest rates
  • Additional fees charged if you fail to repay the loan on time
  • Short repayment period
  • Risk of getting trapped in a debt cycle

Interesting Facts and Statistics about Payday Loans in Bethel, Minnesota

  • In Minnesota, the average payday loan amount is $380, with a maximum of $500 per loan.
  • The average APR in Minnesota is 390%, which is higher than the national average APR of 391%.
  • Minnesota has adopted strict regulations on payday loans to prevent abusive lending practices.

Apply Now

If you need quick cash and are considering taking out a payday loan, TheGuaranteedLoans can help connect you to potential lenders who can offer you the best loan terms and rates. We are a connector service and not a direct lender. We will not make any lending decisions on your behalf or charge you any fees for our services. Apply now, and we will help you find a lender who fits your needs.

To Apply, Fill Out Our Online Application Now.

Note: Submitting an application does not guarantee that you will be approved for a payday loan. Your information will be reviewed by lenders who will decide whether they can offer you the loan or not.

In Conclusion

Payday loans in Bethel, Minnesota, can be an attractive option for anyone who needs quick cash to cover their bills. However, it is essential to understand the associated costs and risks before taking out any loan. Make sure that you can repay the loan on time to avoid accruing additional fees and getting trapped in debt. If you need help finding a lender, TheGuaranteedLoans is available to help you connect with the best possible lender for your specific needs.

F.A.Q.

What information do I need to provide to get a payday loan in Bethel, Minnesota?

To get a payday loan in Bethel, Minnesota, you will need to provide proof of income, identification, and a post-dated check or authorization to withdraw funds from your bank account.

Can I apply for a payday loan online in Bethel, Minnesota?

Yes, you can apply for a payday loan online in Bethel, Minnesota, but the lender must be licensed to operate in the state.