Payday Loans in Minnetonka, Minnesota

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Payday Loan Companies in Minnetonka, MN

Company nameAddressZip codePhone number
Alerus 11100 Wayzata Blvd 570 55305 +1 (952) 417 - 3700
American Equity Bank 5900 Green Oak Dr 100 55343 +1 (952) 939 - 7200
BCU 9800 Health Care Ln 55343 +1 (800) 388 - 7000
Bremer Bank 17600 MN-7 55345 +1 (952) 474 - 3281
Central Portfolio Control 10249 Yellow Cir Dr 200 55343 +1 (800) 541 - 7123
Fidelity Investments 11450 Wayzata Blvd 55305 +1 (800) 409 - 6485
Minnesota Business Finance 601 Carlson Pkwy Suite 1062 55305 +1 (612) 746 - 6905
Minnwest Bank 14820 MN-7 55345 +1 (952) 230 - 9800
Minnwest Corporation 14820 MN-7 55345 +1 (952) 545 - 8815
Raymond James Financial Services 17600 MN-7 55345 +1 (952) 932 - 6587
TCF Bank 4801 County Rd 101 55345 +1 (800) 823 - 2265

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Minnetonka, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Moorhead, MN, Guaranteed Loans in Rochester, MN, Payday Loan for Saint Cloud, MN, Quick Loan in Saint Paul, MN, Payday Loans in Savage, MN, Payday Loans in Shakopee, MN, Bad Credit Loans in Andover, MN and Payday Loans in Burnsville, 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, MN.

Beautiful sights of Minnetonka, MN

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

55345

Are Payday Loans Legal In Minnetonka, 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, MN payday loan calculator

Payday Loans in Minnetonka, Minnesota

General information

Payday loans in Minnesota are legal. The state has specific regulations that govern this type of short-term loan. This article will provide an overview of Minnesota payday loan laws as well as information about payday loans in the city of Minnetonka.

Minnesota Payday Loan Laws

In Minnesota, payday loans must be issued in accordance with state law. This includes the following restrictions on payday loan amounts and terms:

  • Maximum loan amount: $350
  • Maximum loan term:30 days
  • Maximum finance fee: 15% of loan amount per loan cycle

In addition, the state of Minnesota requires lenders to provide customers with information about credit counseling services and other forms of debt relief.

Payday Loans in Minnetonka

Minnetonka is a city in Hennepin County, Minnesota. The city is home to a number of payday loan lenders who offer short-term loans in accordance with state law. Payday loans in Minnetonka can be found in local stores or online.

When seeking payday loans in Minnetonka, it is important to compare different lenders to find the loan that best meets your needs. It is also important to make sure that the lender is licensed and in compliance with state and local laws.

How to Apply for a Payday Loan in Minnetonka

Applying for a payday loan in Minnetonka is simple. To apply, borrowers must provide the following information:

  • Valid government-issued ID
  • Proof of residence in Minnesota
  • Proof of income
  • Banking information

Once the required information is provided, the lender will review the application and make a loan decision. If the loan is approved, the funds will be deposited into the borrower’s bank account.

Important Considerations

Before taking out a payday loan in Minnesota, it is important to consider the following:

Credit Check – Most payday loan lenders in Minnesota do not perform a credit check. However, they may still consider creditworthiness when determining loan eligibility.

Repayment – Borrowers must repay the loan in full, along with any applicable fees, on or before the due date. Minnesota law also requires lenders to provide repayment plans, if requested by the borrower.

Default – If the loan is not repaid in full on the due date, the lender may take legal action against the borrower. In addition, the borrower’s bank account may be subject to overdraft fees.

FAQ

Are payday loans legal in Minnesota?

Yes, payday loans are legal in Minnesota. However, they must be issued in accordance with state and local laws.

What is the maximum loan amount I can borrow in Minnesota?

The maximum amount that can be borrowed in Minnesota is $350.

What information do I need to provide to apply for a payday loan?

To apply for a payday loan in Minnesota, borrowers must provide valid government-issued ID, proof of residence, proof of income, and banking information.

What should I consider before taking out a payday loan?

Before taking out a payday loan, it is important to consider the loan amount, repayment terms, and potential consequences of default.

Apply Now

If you’re in need of quick cash in Minnetonka, Minnesota, TheGuaranteedLoans can help you find a payday loan. We are not a lender, but we can connect you with lenders who can offer you a loan. Just fill out our quick and easy loan application form to get started. Within minutes, we’ll match you with lenders who can provide you with the funds you need.

More F.A.Q.

Can I get a payday loan if I am on disability or unemployment benefits in Minnetonka, Minnesota?

Yes, you can get a payday loan if you are on disability or unemployment benefits in Minnetonka, Minnesota. However, you will need to provide proof of income to show that you are able to repay the loan. It's important to carefully consider whether taking out a payday loan is the best option for your situation.

What are the eligibility requirements for payday loans in Minnetonka, Minnesota?

To be eligible for a payday loan in Minnetonka, Minnesota, you must be at least 18 years old and have a steady source of income.

How Many Cash Advance Companies are in Minnetonka, MN?

With the help of our service, you will be able to find 11 cash advance companies in Minnetonka, MN

What Cash Advance Companies in Minnetonka, MN are the most popular?

You should check Alerus, American Equity Bank, and BCU. Also, you can start your application online on our website.