Payday Loans in Center City, 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 Center City, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
CCFBank 3151 S Service Dr, Red Wing, MN 55066 +1 (651) 267 - 3941
Affinity Plus Federal Credit Union 418 3rd Ave E #108, Alexandria, MN 56308 +1 (320) 762 - 1391
Home Federal Savings Bank 100 1st Ave 200, Rochester, MN 55902 +1 (507) 280 - 7250
Minnwest Bank 200 Oak St, Danube, MN 56230 +1 (320) 826 - 2525
U.S. Bank Branch 3376 Northern Valley Pl NE, Rochester, MN 55906 +1 (507) 536 - 2444
Eagle Bank 2 Franklin St S, Glenwood, MN 56334 +1 (320) 634 - 4545
Ridgeview Belle Plaine Clinic. 165 Commerce Dr W 2093, Belle Plaine, MN 56011 +1 (952) 777 - 5661
Zachary Saiki - Ameriprise Financial Services, LLC 110 2nd Ave SE ste a, Waseca, MN 56093 +1 (507) 216 - 6643
S.A.M. Check Cashing Machine 1230 N State St, Waseca, MN 56093 +1 (507) 835 - 0026
Community Resource Bank Northfield 1605 Heritage Dr, Northfield, MN 55057 +1 (507) 645 - 4441

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Center City, 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, Payday Loans in Moorhead, MN, Online Loans in Rochester, MN, Bad Credit Loans in Saint Cloud, MN, Same Day Loans in Saint Paul, MN, Payday Loan Without a Credit Check 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 Center City, MN.

Beautiful sights of Center City, MN

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

55012

Are Payday Loans Legal In Center City, 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

Center City, MN payday loan calculator

When unexpected expenses arise, payday loans can be a quick and convenient way to get the money you need. In Center City, Minnesota, payday loans are legal and offer a viable solution for those in need of financial assistance. However, Payday loans are only meant to be a short-term solution for financial difficulties. It is important to understand the terms of such loans and their potential consequences before applying for one.

What are payday loans?

Payday loans are small, short-term loans intended to help bridge the gap between paychecks. These loans are typically marketed towards individuals who are in need of immediate cash, and who may have bad credit or no credit at all. In exchange for a loan, the borrower writes a post-dated check for the amount borrowed plus fees. The lender then cashes the check on the borrower’s next payday.

How do payday loans work in Center City, Minnesota?

In Minnesota, payday loans are legal and regulated by state law. In Center City, borrowers can apply for a payday loan online or in person at a licensed lender. The maximum loan amount in the state is $350, with a maximum loan term of 30 days. Lenders are also allowed to charge up to $15 in fees per $100 borrowed, with an APR of up to 390%.

What are the benefits of payday loans?

  • Quick access to cash: Payday loans can provide quick access to cash when you need it.
  • No credit check: Payday loans do not require a credit check, making them accessible to those with bad credit or no credit history.
  • Easy to qualify for: Qualifying for a payday loan is typically easy, requiring only a few basic requirements such as proof of income and an active checking account.
  • Regulated by state law: Payday loans are regulated by state law in Minnesota, offering borrowers some protection from predatory lenders.

What are the risks of payday loans?

While payday loans can provide quick access to cash, they also come with risks:

  • High fees: Payday loans come with high fees, with lenders charging up to $15 per $100 borrowed, resulting in an APR of up to 390%.
  • Short repayment terms: Payday loans must generally be repaid within 30 days, which can be challenging for those already struggling financially.
  • Rollover fees: If a borrower is unable to repay the loan within the specified term, they may be required to roll over the loan, resulting in additional fees and charges.
  • Predatory lenders: While payday lenders are regulated by state law in Minnesota, predatory lenders may still exist, offering loans with hidden fees or other deceptive practices.

Interesting Facts and Statistics about Payday Loans in Center City, Minnesota

  • The average payday loan amount in Minnesota is $380
  • Out of an estimated 65 payday lending locations in Minnesota, over 40 of them are located in the Twin Cities metro area
  • The average APR for a payday loan in Minnesota is 277%
  • In 2019, payday lenders in Minnesota issued over 330,000 loans, totaling over $143 million in loan volume

Apply Now

If you are considering a payday loan in Center City, Minnesota, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and can help you find a loan that fits your needs. Applying for a loan through our website is quick and easy, with funds typically available within one business day. However, it is important to carefully consider the terms and risks of any loan before applying.

F.A.Q.

Can I file a complaint about a payday lender in Center City, Minnesota?

Yes, if you have a complaint about a payday lender in Center City, Minnesota, you can file a complaint with the Minnesota Department of Commerce.

Is it possible to negotiate a payment plan with a payday lender in Center City, Minnesota?

Yes, if you are unable to repay your payday loan in full by the due date, you can contact your lender to see if they are willing to negotiate a payment plan.