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

Company nameAddressZip codePhone number
Alexandria Schools Employees Credit Union 1110 Tabbert Rd NW, Alexandria, MN 56308 +1 (320) 762 - 6533
Walmart Money Center 200 12th St SW, Forest Lake, MN 55025
ESB Bank 108 Iowa Ave S, Eitzen, MN 55931 +1 (507) 495 - 3321
Unity Bank 26171 MN-27, Pierz, MN 56364 +1 (320) 468 - 0366
Northwestern Bank 11 1st St NW, Ulen, MN 56585 +1 (218) 596 - 8837
Affinity Plus Federal Credit Union 1301 Miller Trunk Hwy #100, Duluth, MN 55811 +1 (218) 722 - 4004
Wells Fargo Bank 11 S Broadway, Pelican Rapids, MN 56572 +1 (218) 863 - 5050
Co-Op Credit Union 501 19th Ave SE, Willmar, MN 56201 +1 (320) 235 - 1573
AgCountry Farm Credit Services 103 S Atlantic Ave, Morris, MN 56267 +1 (320) 589 - 3881
U.S. Bank ATM - Melrose 220 E Kraft Dr SE, Melrose, MN 56352 +1 (800) 872 - 2657

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Clements, MN

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

56224

Are Payday Loans Legal In Clements, 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

Clements, MN payday loan calculator

Understanding Payday Loans in Clements, Minnesota

Payday loans are a type of short-term loan that works well for individuals who need to pay off unexpected expenses or bills quickly. These loans are usually small amounts of money, ranging from a few hundred to a few thousand dollars, and often come with high interest rates. However, they can be a valuable resource for those who need money in a pinch and can’t turn to traditional lending institutions for help.

Payday Loan Regulations in Minnesota

Payday loans are legal in Minnesota, but are subject to some state regulations. The Minnesota Department of Commerce regulates payday lending in the state and has set certain rules that lenders must follow. These rules mainly focus on the amount of money that lenders can lend, the maximum amount of fees that they can charge, and the length of the loan term.

  • Loan amount: In Minnesota, payday loans cannot exceed $350 for each loan transaction, with a cap of $1,000 for all loans.
  • Loan fees: Payday lenders in Minnesota can charge up to $15 for every $100 borrowed. That means if you borrow $200, you’ll have to pay $30 in fees.
  • Loan term: Payday loans in Minnesota are set to be repaid within a maximum of 30 days.

Why Choose Payday Loans?

Payday loans can be an ideal solution if you need money in a hurry, as they usually don’t require extensive credit checks and can get approved quickly. This makes them a popular choice for people who don’t have a credit card or a savings account, or who have poor credit.

Another reason why people choose payday loans is that they offer flexibility and convenience. They can be used for a variety of purposes, including paying bills, fixing a broken car, or covering unexpected medical expenses. Whatever it may be, a payday loan can help bridge the gap between paychecks and give you the extra funds you need.

Things to Consider When Taking Out a Payday Loan

While payday loans can offer a quick solution for those in a financial bind, it’s important to keep in mind that they come with high-interest rates. Borrowers also need to be aware of the risks associated with taking out a payday loan, such as the possibility of falling into a debt trap.

Borrowers should only take out a payday loan when they have the means to repay the loan comfortably. Ideally, you should only take out a payday loan in case of emergency and not as a regular source of income.

Interesting Facts and Statistics About Payday Loans in Clements, Minnesota

  • The average payday loan amount in Minnesota is $380.
  • Minnesota has around 115 licensed payday loan lenders.
  • Payday loan borrowers in Minnesota typically have an income of $30,000 or less per year.

Apply Now

At TheGuaranteedLoans, we understand the need for fast cash. We are a lender matching service dedicated to helping people find payday loans online. Our network of lenders offers competitive rates and flexible repayment options to help you get the cash you need when you need it.

To get started, complete our simple, secure, online application form. We will then connect you with a lender who best suits your needs. Please note that we are not a direct lender and do not make credit decisions — we are simply a connector service. Once you have been connected with a lender, they will present you with their loan terms and conditions, and all interest rates and fees involved, before you sign any agreement.

Don’t let unexpected expenses or bills get in the way of your life goals. Apply now for a payday loan and take the first step towards financial freedom.

F.A.Q.

Do I need to have a checking account to get a payday loan in Clements, Minnesota?

Yes, most lenders require you to have a checking account in order to receive a payday loan in Clements, Minnesota.

How do I apply for a payday loan in Clements, Minnesota?

You can apply for a payday loan in Clements, Minnesota either online or in person at a payday lender's storefront.