Payday Loans in Bricelyn, 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 Bricelyn, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
HomeTown Bank 641 Marketplace Dr, Waconia, MN 55387 +1 (952) 230 - 3850
TCF Bank ATM 1008 Highway 55 E, Buffalo, MN 55313 +1 (800) 823 - 2265
Wells Fargo Bank 424 W Washington St, Brainerd, MN 56401 +1 (218) 828 - 8618
United States Postal Service 117 Ash Ave N, Mayer, MN 55360 +1 (800) 275 - 8777
Bremer Bank 100 W Main St, Rice, MN 56367 +1 (320) 393 - 2600
Security State Bank 232 Main St, Wanamingo, MN 55983 +1 (507) 824 - 2265
Wells Fargo Bank 1010 2nd Ave, Worthington, MN 56187 +1 (507) 376 - 3141
Prudential Margaret Schroeder Life Insurance & Annuities 1307 MN-29 80, Alexandria, MN 56308 +1 (320) 763 - 6205
Spruce Hill Park 13148 Spruce Hill Park Rd NE, Miltona, MN 56354 +1 (320) 762 - 2966
Kays, St Germain & Co., PLLC 216 Pennington Ave S a, Thief River Falls, MN 56701 +1 (218) 683 - 5351

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Bricelyn, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Minneapolis, MN, Payday Loans in Minnetonka, MN, Online Loans in Moorhead, MN, Payday Loans in Rochester, MN, Payday Loan Companies in Saint Cloud, MN, Payday Loans in Saint Paul, MN, No Credit Check Loans in Savage, MN and Payday Loans in Shakopee, 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 Bricelyn, MN.

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

56014

Are Payday Loans Legal In Bricelyn, 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

Bricelyn, MN payday loan calculator

Payday loans are becoming more popular in Minnesota and many other states within the US. For many people, taking out a payday loan Eases their financial burden especially when they need fast cash.

What Are Payday Loans

Payday loans are a type of loan where you receive a lump sum of money that you must pay back with your next paycheck. These loans are short-term and usually have a high-interest rate. They are available to people who have a steady source of income and can pay back the loan amount and the interest within a specific period.

Payday Loans in Bricelyn, Minnesota

Payday loans are legal in Minnesota, including in Bricelyn. According to the Minnesota Department of Commerce, payday lenders can loan up to $350 to Minnesota residents, and the loan term must not exceed 30 days.

However, payday lending laws in Minnesota are strict. For instance, payday lenders are allowed to charge up to $15 for every $100 borrowed. Additionally, the amount of interest charged on payday loans must not exceed 33% per annum. If a borrower does not repay the loan on time, the lender can charge additional fees and interest rate charges.

It is essential to note that payday loans cannot be rolled over or renewed in Minnesota. If a borrower cannot repay the loan on time, the lender must set up an installment payment plan.

How to Apply for a Payday Loan in Bricelyn, Minnesota

If you are considering applying for a payday loan in Bricelyn, Minnesota, you can do this online through TheGuaranteedLoans. We are not direct lenders, but we work with numerous lenders who can offer fast funding to those who qualify.

To apply, simply fill out our online application and wait for approval. If approved, you will be connected to a lender who will contact you to discuss loan terms and conditions.

Things to Consider Before Taking Out a Payday Loan

Payday loans can be a temporary solution to a financial crisis. However, they can also lead to long-term debt if not managed well. Here are a few things you should consider before taking out a payday loan in Bricelyn, Minnesota.

Interest rates and fees

Payday loans are short-term loans that usually come with high-interest rates and fees. Before you sign the loan agreement, make sure to understand the interest rate, fees, and the total amount you will pay back.

Repayment plan

A borrower must repay a payday loan within a particular period. If you cannot repay on time, the loan may accrue additional fees and charges. It is essential to understand the terms of repayment and to ensure you can repay the loan amount and interest on time.

Alternatives to payday loans

Before taking out a payday loan, consider other alternative options that are available. For example, you can consider asking family or friends for assistance, getting a personal loan from a bank, or looking into a credit card cash advance.

Interesting Facts About Payday Loans in Bricelyn, Minnesota

  • A 2015 study found that the average payday loan size in Minnesota was $380, with an average annual percentage rate (APR) of 277%.
  • A law was passed in 2013 to protect Minnesota consumers from repeated payday loan borrowing. Under this law, payday lenders must determine a borrower’s ability to repay the loan before issuing it.
  • Minnesota payday lenders loaned $113.3 million in 2019, according to the state’s Department of Commerce

Conclusion

Payday loans can be a suitable solution to your financial crisis, but they come with high-interest rates and fees and must be managed carefully. Before you apply for a payday loan, ensure you can repay the loan amount and interest on time, and consider alternative options available.

Apply Now

If you would like to apply for a payday loan, fill out our online application today. Remember, TheGuaranteedLoans is not a direct lender, but we can facilitate your connection with potential lenders who offer fast funding to those who qualify.

F.A.Q.

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

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

Are there any limits on the interest rates that payday lenders can charge in Bricelyn, Minnesota?

Yes, the maximum interest rate that a payday lender can charge in Bricelyn, Minnesota is 28% per year.