Payday Loans in Pemberton, Minnesota

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

Company nameAddressZip codePhone number
First Security Bank 303 Kron St, Evansville, MN 56326 +1 (218) 948 - 2259
Raymond James Financial Services 202 W Johnson Ave, Warren, MN 56762 +1 (218) 745 - 4484
Minneapolis Heart Institute - Mora 331 MN-65, Mora, MN 55051 +1 (320) 679 - 1313
Midwest Repairables Inc 334 3rd St NE, New Richland, MN 56072 +1 (507) 465 - 3101
AgCountry Farm Credit Services 208 3rd Ave NW, Roseau, MN 56751 +1 (218) 463 - 2766
Minnco Credit Union 38807 9th Ave, North Branch, MN 55056 +1 (651) 674 - 0872
Ideal Credit Union 7791 Amana Trail, Inver Grove Heights, MN 55077 +1 (651) 770 - 7000
Dacotah Bank 4 Atlantic Ave, Morris, MN 56267 +1 (320) 589 - 3361
Bremer Bank 520 1st St NE, Sartell, MN 56377 +1 (320) 255 - 7121
Northeast Title Company 545 E Sheridan St, Ely, MN 55731 +1 (218) 365 - 5256

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pemberton, 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, Payday Loans in Cottage Grove, MN, Bad Credit Loans in Duluth, MN, Guaranteed Loans in Eden Prairie, MN, Quick Loan in Inver Grove Heights, MN, Payday 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 Pemberton, MN.

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

56078

Are Payday Loans Legal In Pemberton, 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

Pemberton, MN payday loan calculator

Payday Loans in Pemberton, Minnesota

Emergencies happen, and sometimes you need a little extra money to get through them. If you’re in Pemberton, Minnesota, and need a quick cash boost, then you might be considering a payday loan. In Minnesota, payday loans are legal, but you need to use them wisely. In this article, we’ll explore how payday loans work in Pemberton, Minnesota, and what you should consider before taking one out.

What Are Payday Loans?

Payday loans are short-term loans that are typically due to be repaid on your next payday. These loans are designed to help people who need cash quickly and don’t have the credit or collateral to borrow from a more traditional lender, such as a bank. Payday loans usually have a higher interest rate than other types of loans, but they are easy to obtain and can be useful in some situations.

How Do Payday Loans Work in Pemberton, Minnesota?

If you are a resident of Pemberton, Minnesota, and want to take out a payday loan, you’ll need to find a lender that operates in Minnesota and complies with state laws. In Minnesota, payday lenders can only lend up to $350 and can charge up to 33% interest on the loan amount. The loan term must be between 14 and 30 days.

When you apply for a payday loan, you’ll need to provide your lender with some basic information, such as your name, address, and employment details. You’ll also need to provide proof of income and a valid ID. Some lenders may require a post-dated check instead of or in addition to your bank account information.

If you are approved for a loan, the lender will give you the money you need, and you’ll be required to repay the loan plus interest and fees on your next payday. If you can’t repay the loan on time, you may be able to roll the loan over for an additional fee. However, this can quickly become expensive and trap you in a cycle of debt.

Things to Consider Before Taking Out a Payday Loan

  • Interest Rates and Fees: Payday loans are notorious for their high interest rates and fees. Before taking out a loan, make sure you understand all the costs associated with it.
  • Repayment Terms: Know when your loan is due and how much you’ll need to repay. Make sure you have the funds available to repay the loan on time.
  • Alternatives: Consider other options, such as borrowing from friends or family, asking for an advance on your paycheck, or seeking assistance from a local nonprofit organization.
  • Impact on Credit: Payday loans typically don’t require a credit check, but they also don’t help you build your credit. Avoid taking out a payday loan if you’re trying to improve your credit score.
  • Credible Lenders: Do some research and choose a lender that is reputable and follows all state laws and regulations. Avoid lenders who make unrealistic promises or charge hidden fees.

Interesting Facts and Statistics about Payday Loans in Pemberton, Minnesota

  • According to data from the Minnesota Department of Commerce, 12.5 million payday loans were made in Minnesota in 2019, totaling over $368 million in loan volume.
  • The average payday loan in Minnesota is $380, and the average borrower takes out 10 loans per year.
  • Minnesota has some of the strictest payday lending regulations in the country, with a cap on interest rates and fees and a limit on the number of loans a borrower can take out in a year.

Apply Now

If you’re considering a payday loan in Pemberton, Minnesota, TheGuaranteedLoans is here to help. We are a loan matching service that can connect you with lenders who can provide the money you need. Fill out our online application today, and we’ll help you find the perfect lender for your needs. Remember, we are a matching service, not a direct lender, and there is no obligation to accept any loan offer you receive. Apply now and get the cash you need today!

F.A.Q.

Are there any limits on the amount I can borrow?

Yes, the maximum amount you can borrow is $350 in Pemberton, Minnesota.

How long do I have to repay the loan?

You must repay the loan within 30 days.