Payday Loans in Minnetonka Beach, 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 Minnetonka Beach, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
UnBank Check Cashing & Loans- North Minneapolis at Merwins 700 W Broadway Ave, Minneapolis, MN 55411 +1 (612) 843 - 5215
TCF Bank 19270 Freeport St NW, Elk River, MN 55330 +1 (800) 823 - 2265
Red Wing Credit Union 3303 N Service Dr, Red Wing, MN 55066 +1 (651) 388 - 7133
Up North Accounting, LLC 994 Lakeview Dr, Cloquet, MN 55720 +1 (218) 451 - 2036
Thrivent Financial-Lutherans 218 W Main St, Arlington, MN 55307 +1 (507) 964 - 2966
Raymond James Financial Services 3131 S Frontage Rd, Moorhead, MN 56560 +1 (701) 492 - 2625
MidWestOne Bank 18233 Carson Ct NW, Elk River, MN 55330 +1 (763) 274 - 3200
Renovo Capital, LLC 407 Lake St E Suite 201, Wayzata, MN 55391 +1 (952) 240 - 6290
Mid Minnesota Federal Credit Union - Baxter 13283 Isle Dr, Baxter, MN 56425 +1 (218) 829 - 0371
Chris Johnson - State Farm Insurance Agent 309 Main St S, Sauk Centre, MN 56378 +1 (320) 352 - 6523

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Minnetonka Beach, MN

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

55361

Are Payday Loans Legal In Minnetonka Beach, 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

Minnetonka Beach, MN payday loan calculator

Payday Loans in Minnetonka Beach, Minnesota

Payday loan is a type of short-term loan that is usually paid back on the borrower’s next payday. It is a quick financial solution to handle sudden emergencies and unexpected expenses. If you reside in Minnetonka Beach, Minnesota, and are considering getting a payday loan, you are in luck because it is legal in the state. However, it is essential to understand the regulations surrounding payday loans in Minnetonka Beach before applying.

Regulations on Payday Loans in Minnetonka Beach

Payday loans in Minnetonka Beach, Minnesota are regulated by the state’s laws. According to Minnesota Statutes 47.60 et seq., the state allows payday loans up to $350 with a maximum loan term of 30 days. The Annual Percentage Rate (APR) on payday loans may not exceed 390%. Additionally, all payday lenders must be licensed and registered with the Minnesota Department of Commerce.

The state of Minnesota has implemented strict laws and regulations to control the payday loan industry and protect borrowers from predatory lending practices. Therefore, all payday lenders operating in Minnetonka Beach, Minnesota, must comply with the state’s regulations to avoid legal consequences.

How to Apply for a Payday Loan in Minnetonka Beach, Minnesota

If you need a payday loan in Minnetonka Beach, Minnesota, you can apply online or by visiting a storefront payday lender. However, it is advisable to go through a licensed and registered lender to avoid scam and fraud. The application process is straightforward and usually takes less than 15 minutes to complete.

To qualify for a payday loan in Minnetonka Beach, you must be at least 18 years old, have a valid government-issued ID, proof of income or employment, and an active checking account. Once you complete the application, the lender will review it, and if approved, you will get the funds deposited directly into your bank account within 24 hours.

Repayment of Payday Loans in Minnetonka Beach, Minnesota

Payday loans in Minnetonka Beach, Minnesota must be repaid on the borrower’s next payday. However, if you cannot pay back the loan as agreed, you can request an extension or rollover. But it is crucial to note that there are additional fees and interest charges on these options, which can make the loan more expensive in the long run.

It is essential to read and understand the loan agreement before accepting it to avoid defaulting on the loan and incurring more debt. If you default, the lender can charge additional interest, late fees, and other charges, or even take legal action against you.

Interesting Stats and Facts about Payday Loans in Minnetonka Beach, Minnesota

• In 2020, the payday loan default rate in Minnesota was 23.63%
• The average payday loan in Minnesota is $380
• The number of licensed payday lenders in Minnesota has decreased from 135 in 2010 to 53 in 2021
• 64.8% of Minnesotans believe payday loans should have a maximum interest rate of 36%

Apply Now!

If you need a payday loan in Minnetonka Beach, Minnesota, TheGuaranteedLoans is here to assist you. As a connector service, we will help you connect with potential lenders who can offer you a payday loan that meets your financial needs. Simply visit our website and fill out the online application form. Once you complete the application, we will match you with our network of lenders who will review your application and get back to you within 24 hours.

Please note that TheGuaranteedLoans is not a direct lender, and we do not make loan decisions. Our role is to connect you with potential lenders who can offer you a loan that meets your needs. Therefore, we do not guarantee loan approval, and you must meet the lender’s requirements to qualify for a loan.

Conclusion

If you are facing a sudden financial emergency or unexpected expenses in Minnetonka Beach, Minnesota, a payday loan can be a viable solution. However, it is crucial to understand the regulations and laws governing payday loans in the state to avoid legal consequences. Additionally, you must borrow responsibly and ensure you can repay the debt on time to avoid more debt. If you need financial assistance, TheGuaranteedLoans can help you connect with potential lenders who offer payday loans in Minnetonka Beach, Minnesota.

F.A.Q.

Are there any options for borrowers who are unable to repay their payday loan in Minnetonka Beach, Minnesota?

Yes, borrowers who are unable to repay their payday loan can contact the Minnesota Department of Commerce for assistance and information about alternative forms of credit.

Can a payday lender report my loan to the credit bureau in Minnetonka Beach, Minnesota?

Yes, a payday lender can report your loan to the credit bureau in Minnetonka Beach, Minnesota, which may impact your credit score.