Payday loans in Minnesota 2019: calculator, legal info, detailed review in each city

Page last reviewed: 22 Jan 2019

Contents:

  • Loan calculator – 1 company in Minnesota;
  • Legal information – consumer rights and obligations of lenders;
  • Payday loan help – what to do if you are in trouble;
  • Cities – detailed review of payday lenders in biggest cities in Minnesota;

Payday loans calculator

 

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Legal information

Important features of Minnesota payday lending laws:

  • The maximum amount of loan is $350.
  • The loan term can not exceed 30 days.
  • The maximum finance is based on a loan amount. For amounts in excess of $250 a charge may be added of up to six percent of the loan, but not less than $17.50, plus $5 administrative fee.

 

Summary of regulations could be found here.

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Payday loan help

If you need help visit the National Foundation for Credit Counseling (NFCC) or call Toll-Free 1-800-388-2227 for assistance with credit problems and creditors.

 

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Cities

For detailed review of payday lenders in each city, please click the link:

Bloomington

Brooklyn Center

Columbia Heights

Minneapolis

New Hope

Richfield

St Louis Park

St Paul

 

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Payday loans review in Minnesota
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