Payday Loans in Bowstring, Minnesota

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

Company nameAddressZip codePhone number
CFSC New Money Express 333 E Lake St, Minneapolis, MN 55408 +1 (612) 824 - 2274
Farmers Insurance - Mark Kelley 6409 City W Pkwy 101, Eden Prairie, MN 55344 +1 (952) 944 - 6400
Lake Area Bank 808 W Broadway Ave, Forest Lake, MN 55025 +1 (651) 464 - 9001
Bremer Bank 80 S 8th St 240, Minneapolis, MN 55402 +1 (612) 371 - 0788
NorthRock Partners 218 3rd Ave E 102, Alexandria, MN 56308 +1 (320) 762 - 1880
Diversified Credit Union 800 Lasalle Ave, Minneapolis, MN 55402 +1 (800) 333 - 7757
Wells Fargo Private Client Services 700 Water St S, Northfield, MN 55057 +1 (507) 663 - 7300
Raymond James Financial Services 301 Territorial St E, Watertown, MN 55388 +1 (952) 932 - 6587
Lincoln Financial Advisors 1903 Broadway Ave S, Rochester, MN 55904 +1 (507) 282 - 3273
Carlson Auction Co 37556 Rendova St NE, Stanchfield, MN 55080 +1 (763) 238 - 6049

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Bowstring, MN, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Andover, MN, Bad Credit Loans in Burnsville, MN, Same Day Loans in Cottage Grove, MN, No Credit Check Loans in Duluth, MN, Payday Loans in Eden Prairie, MN, Payday Loans in Inver Grove Heights, MN, Payday Loan for 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 Bowstring, MN.

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

56631, 56366

Are Payday Loans Legal In Bowstring, 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

Bowstring, MN payday loan calculator

Payday Loans in Bowstring, Minnesota: What You Need to Know

Are you considering taking out a payday loan in Bowstring, Minnesota? These loans are designed to provide short-term funding for emergencies or unexpected expenses. However, it’s important to understand the terms and conditions before agreeing to this type of loan. In this article, we’ll explore the details of payday loans in Bowstring, Minnesota, so you can make an informed decision.

What is a Payday Loan?

A payday loan is a type of short-term loan that is designed to provide borrowers with quick access to cash. In most cases, payday loans are due on the borrower’s next payday. These loans are typically smaller in amount, ranging from a few hundred dollars to a few thousand dollars, and are intended to cover unexpected expenses or emergencies.

How Do Payday Loans Work in Bowstring, Minnesota?

Payday loans are legal in Minnesota, and there are several lenders that offer these types of loans in Bowstring. In order to qualify for a payday loan, you must typically have a steady source of income and a checking account. Lenders will also require that you provide your personal and banking information, as well as a post-dated check or authorization for an electronic debit from your account when the loan is due.

The amount you can borrow with a payday loan will depend on your income, as well as the lender’s requirements. You will also be charged fees and interest on the loan, which can vary depending on the lender. In Minnesota, the maximum amount you can borrow with a payday loan is $350.

What are the Risks of Taking Out a Payday Loan?

While payday loans can be a helpful source of funding for emergencies, they can also come with risks and drawbacks. The fees and interest rates associated with payday loans can be high, which can make it difficult to repay the loan on time. In addition, some lenders may engage in predatory lending practices, such as charging excessive fees or taking advantage of vulnerable borrowers.

It’s important to carefully review the terms and conditions of a payday loan before agreeing to it. Make sure you fully understand the fees and interest rates, as well as the repayment terms. If you’re unable to repay the loan on time, you may be subject to additional fees or even legal action.

Interesting Facts and Statistics about Payday Loans in Bowstring, Minnesota

  • In 2018, there were approximately 118,000 payday loans originated in Minnesota.
  • The average payday loan amount in Minnesota is $388.
  • The average APR for a payday loan in Minnesota is 199%.
  • Payday lending is regulated by the Minnesota Department of Commerce.

Apply Now to Get Connected with a Payday Loan Lender in Bowstring, Minnesota

At TheGuaranteedLoans, we understand that unexpected expenses can arise at any time. That’s why we offer a secure, online application process that can connect you with potential payday loan lenders in Bowstring, Minnesota.

It’s important to remember that we are a connector service, not a direct lender. This means that we don’t make any lending decisions and cannot guarantee that you will be approved for a loan. However, we work with a network of trusted lenders who may be able to offer you the funding you need.

If you’re interested in applying for a payday loan in Bowstring, Minnesota, simply fill out our online application to get started. Our application is fast, easy, and secure, and you could receive a loan decision in minutes.

The Bottom Line

Payday loans can be a helpful source of funding for unexpected expenses or emergencies. However, it’s important to understand the terms and conditions of these loans before agreeing to them. With the information provided in this article, you can make an informed decision about whether a payday loan is right for you.

F.A.Q.

How long do I have to repay a payday loan in Bowstring, Minnesota?

Payday loans in Bowstring, Minnesota must be repaid within 30 days.

Can I renew or rollover my payday loan in Bowstring, Minnesota?

No, renewing or rolling over a payday loan is not allowed in Bowstring, Minnesota.