Minnesota Cash Advance and Payday Loans

What are the minimum requirements to apply for a payday loan?

  • 18 years of age or older
  • U.S. Citizenship Valid checking or savings account with direct deposit
  • Regular income of at least $1,000 per month
  • Not a regular or reserve member of the Army, Navy, Marine Corps, Air Force, or Coast Guard (or a dependent thereof), serving on active duty under a call or order that does not specify a period of 30 days or fewer

Are you looking for an online payday loan in Minnesota? Submit the easy form and if approved we can connect to dozens of lenders that may be able to lend you up to $1,000!

 

 

The basics of how payday loans work.

If you have found yourself in a financially tough spot, it can be overwhelming trying to figure out how you are going to manage your way through it. Luckily, payday loans serve as a wonderful guide to help navigate individuals through an economic crisis. They can prove to be especially helpful to those with bankruptcy on their credit score or to those with bad credit or none at all. Payday loan lenders do not require a credit check in order to dictate approval. Rather, the borrower’s pay check serves as collateral to ensure the payday loan will be repaid upon the upcoming pay date; thus the name ‘payday loan.’

The information below provides a quick overview of commonly asked questions people often have regarding payday loans.

What is a payday loan?
A payday loan is a loan offered on a short-term basis, typically set to be repaid upon the borrower’s next pay date.

How long does it take to get a payday loan in Minnesota?
Payday loans are designed to be quick in all aspects. In most cases, the application takes only a matter of minutes to complete. The approval process and transfer of your loan is done in just a few short hours; most people are able to access their payday loan by the following business day.

How much money can I borrow?
The amount of money you may borrow is dependent on a number of factors. In any case, it is advised that you figure how much you need beforehand to avoid taking out more than you need. This will save you from having to pay interest on money that you don’t need to borrow.

When does my payday loan need to be repaid?
Payday loans are usually set to be repaid upon the borrower receiving their next paycheck, thus the name ‘payday loan.’ However, if more time is needed to gather the money to repay the loan, lenders do allow an extension or rollover of the payday loan. The laws regarding rollovers vary by state so make sure to check your local laws beforehand.

I have been rejected by other lenders in Minnesota, why will I be approved for a payday loan?
Many people who apply for credit cards or large loans from banks or other lending institutions find it harder to be approved for a loan. In most instances, their credit score plays a major influence when factoring in a customer’s credit worthiness. However, payday loans do not require a credit check so many people who have struggles securing a loan elsewhere often find approval with payday loans. Due to the short turnaround of payday loans, the borrower’s paycheck serves as collateral on the loan so no credit check needs to be performed.

We cover following cities in Minnesota:

Ada
Afton
Aitkin
Albany
Albert Lea
Albertville
Alexandria
Andover
Anoka
Apple Valley
Arden Hills
Arlington
Arnold
Austin
Babbitt
Bagley
Barnesville
Baudette
Baxter
Bayport
Becker
Belle Plaine
Bemidji
Benson
Big Lake
Blaine
Blooming Prairie
Bloomington
Blue Earth
Braham
Brainerd
Breckenridge
Breezy Point
Brooklyn Center
Brooklyn Park
Buffalo
Burnsville
Byron
Cambridge
Cannon Falls
Carlton
Carver
Centerville
Champlin
Chanhassen
Chaska
Chatfield
Chisago City
Chisholm
Circle Pines
Clearwater
Cloquet
Cohasset
Cokato
Cold Spring
Coleraine
Cologne
Columbia Heights
Columbus
Coon Rapids
Corcoran
Cottage Grove
Cottonwood
Crookston
Crosby
Crosslake
Crystal
Dassel
Dawson
Dayton
Deephaven
Delano
Detroit Lakes
Dilworth
Dodge Center
Duluth
Dundas
Eagan
Eagle Lake
East Bethel
East Grand Forks
East Grand Forks
East Gull Lake
Eden Prairie
Edgerton
Edina
Elko New Market
Elk River
Ely
Esko
Eveleth
Excelsior
Eyota
Fairmont
Falcon Heights
Faribault
Farmington
Fergus Falls
Foley
Forest Lake
Fosston
Frazee
Fridley
Fulda
Gaylord
Glencoe
Glenwood
Glyndon
Golden Valley
Goodhue
Goodview
Grand Marais
Grand Meadow
Grand Rapids
Granite Falls
Grant
Greenfield
Ham Lake
Hanover
Harris
Hastings
Hawley
Hayfield
Hector
Hermantown
Hibbing
Hinckley
Hopkins
Hoyt Lakes
Hugo
Hutchinson
Independence
International Falls
Inver Grove Heights
Isanti
Jackson
Jordan
Kasson
Keewatin
Kenyon
La Crescent
Lake City
Lake Crystal
Lake Elmo
Lakeland
Lakeville
Lauderdale
Le Center
Lester Prairie
Le Sueur
Lexington
Lindstrom
Lino Lakes
Litchfield
Little Canada
Little Falls
Little Rock
Long Lake
Long Prairie
Lonsdale
Luverne
Madison
Mahnomen
Mahtomedi
Mankato
Mantorville
Maple Grove
Maple Lake
Maple Plain
Maplewood
Marshall
Martin Lake
Mayer
Medina
Menahga
Mendota Heights
Milaca
Minneapolis
Minnetonka
Minnetrista
Montevideo
Montgomery
Monticello
Montrose
Moorhead
Moose Lake
Mora
Morris
Mound
Mounds View
Mountain Iron
New Brighton
New Hope
New London
Newport
New Prague
New Richland
New Ulm
Nicollet
Nisswa
North Branch
Northfield
North Mankato
North Oaks
North St. Paul
Nowthen
Oakdale
Oak Grove
Oak Park Heights
Olivia
Orono
Oronoco
Ortonville
Osakis
Osseo
Otsego
Owatonna
Parkers Prairie
Park Rapids
Paynesville
Pelican Rapids
Pequot Lakes
Perham
Pierz
Pine City
Pine Island
Pipestone
Plainview
Plymouth
Princeton
Prior Lake
Proctor
Ramsey
Redby
Red Lake
Red Lake Falls
Red Wing
Redwood Falls
Renville
Rice
Richfield
Richmond
Robbinsdale
Robbinsdale
Rochester
Rock Creek
Rockford
Rogers
Roseau
Rosemount
Roseville
Royalton
Rush City
Rushford
Sandstone
Sartell
Sauk Centre
Sauk Rapids
Savage
Scandia
Shafer
Shakopee
Sherburn
Shoreview
Shorewood
Silver Bay
Slayton
Sleepy Eye
South St. Paul
Spicer
Springfield
Spring Grove
Spring Lake Park
Spring Park
Spring Valley
Stacy
St. Anthony
Staples
Starbuck
St. Augusta
St. Bonifacius
St. Charles
St. Cloud
Stewartville
St. Francis
Stillwater
St. James
St. Joseph
St. Louis Park
St. Michael
St. Paul
St. Paul Park
St. Peter
Taylors Falls
Thief River Falls
Tonka Bay
Truman
Two Harbors
Vadnais Heights
Victoria
Wabasha
Waconia
Wadena
Waite Park
Wanamingo
Warren
Warroad
Waseca
Watertown
Waverly
Wayzata
Wells
West St. Paul
White Bear Lake
Willmar
Windom
Winnebago
Winona
Winsted
Winthrop
Woodbury
Worthington
Zimmerman
Zumbrota