Payday Loans in Nashua, Minnesota

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No payday loan companies in Nashua, MN. Consider companies in other cities:

Company nameAddressZip codePhone number
Clearwater Travel Plaza 950 MN-24, Clearwater, MN 55320 +1 (320) 558 - 2261
Pawn And Loan LLC 120 E Lincoln Ave 3, Fergus Falls, MN 56537 +1 (218) 998 - 8899
Pine Country Bank 1201 1st Ave NE, Little Falls, MN 56345 +1 (320) 632 - 9740
Northwoods Credit Union - Stanley 902 Stanley Ave, Cloquet, MN 55720 +1 (218) 879 - 4181
Members Cooperative Credit Union 605 W Central Entrance, Duluth, MN 55811 +1 (218) 625 - 8500
Dawson Home Mortgage 665 3rd Ave SE, Perham, MN 56573 +1 (218) 346 - 6371
Pioneer Bank 301 Main St NE, Mapleton, MN 56065 +1 (507) 524 - 3630
First National Bank of Buhl 8355 Unity Dr, Mountain Iron, MN 55768 +1 (218) 749 - 3190
Fairway Independent Mortgage Corporation 816 E Blue Earth Ave 3, Fairmont, MN 56031 +1 (507) 773 - 7337
Minnco Credit Union 38807 9th Ave, North Branch, MN 55056 +1 (651) 674 - 0872

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Nashua, MN, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Andover, MN, Payday Loans in Burnsville, MN, 24-Hour Loan in Cottage Grove, MN, Payday Loans in Duluth, MN, No Credit Check Loans in Eden Prairie, MN, Payday Loan for Inver Grove Heights, MN, Payday Loan for Lakeville, MN and No Credit Check 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 Nashua, MN.

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

56565

Are Payday Loans Legal In Nashua, 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

Nashua, MN payday loan calculator

Payday Loans in Nashua, Minnesota – Everything You Need to Know

If you’re in need of some quick cash in Nashua, Minnesota or surrounding areas, you may be considering a payday loan. Payday loans are a type of short-term borrowing that allows you to borrow small amounts of money, typically up to $500, to be paid back in full on your next payday. While payday loans can provide a helpful solution in certain situations, they can also come with high interest rates and fees. In this article, we’ll explore payday loans in Nashua, Minnesota, their benefits and drawbacks, and what to consider before applying.

The Legality of Payday Loans in Nashua, Minnesota

It is important to note that payday loans are legal in Minnesota, including Nashua. The state of Minnesota has set regulations to protect both borrowers and lenders. The maximum loan amount for a payday loan in Minnesota is $350. The maximum term for a payday loan in the state is 30 days. The APR for a $100 loan for 14 days is 390%. These regulations aim to prevent borrowers from incurring excessive debt and ensure that lenders are operating ethically.

The Application Process for a Payday Loan in Nashua, Minnesota

The application process for a payday loan in Nashua, Minnesota is typically quick and easy. You can apply online or in-store, depending on the lender. In general, you will need to provide basic personal information such as your name, address, and social security number. You will also need to provide proof of income and employment.

Interesting Fact:

According to a survey conducted by the Minnesota Department of Commerce, more than half of payday loans in Minnesota are taken out by borrowers who take out 10 or more loans per year.

The Benefits and Drawbacks of Payday Loans in Nashua, Minnesota

Like any financial product, payday loans come with drawbacks as well as benefits. Some of the benefits include:

  • Quick access to cash when you need it most
  • No credit check required
  • The ability to borrow small amounts of money
  • Simple and quick application process

However, there are also several drawbacks to consider before taking out a payday loan, including:

  • High interest rates and fees
  • A short repayment period, which can lead to difficulty paying back the loan in full
  • The potential for the borrower to become trapped in a cycle of debt
  • The possibility of predatory lending practices from some lenders

What to Consider Before Applying for a Payday Loan in Nashua, Minnesota

Before applying for a payday loan in Nashua, Minnesota, it’s important to consider a few factors. These include:

  • Your ability to pay back the loan in full on your next payday
  • The terms and fees associated with the loan
  • Alternative borrowing options such as personal loans or credit cards
  • Whether or not you need the cash immediately

Apply Now

If you’re in need of cash quickly and have decided that a payday loan is the best option for you, you can apply now on TheGuaranteedLoans website. We are a connector service, not a direct lender. We facilitate connections between borrowers and potential lenders to help our customers find the best loan option for their needs. With our simple and secure application process, you can get the funds you need in no time.

F.A.Q.

Are payday loans in Nashua, Minnesota regulated by the state government?

Yes, payday lending is regulated by the Minnesota Department of Commerce.

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

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