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Payday Loans in Mankato, Minnesota

March 30, 2017 / PaydayABC / Minnesota

If you need a Payday Loan in Mankato, Minnesota you’ve come to the right place. We strive to provide our visitors with the best choices for getting a loan. Apply online directly through our website and get a cash advance today. Our website and application process is quick and easy, so you can get the money you need, when you need it. We know how difficult it can be to apply for a loan in person, so we make it easy for you to do it online right from your home. No matter why you need a loan, there is no shame in getting a short term advance to cover life’s unexpected expenses. Our Mankato page will help get you the money you need. Trusted lenders are standing by, Apply Now!


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We all know that the payday loans are used to cover unexpected expenses with a very short term loan, usually until their next payday. They are often called a payday or paycheck advance. The payday Loans US Regulations usually vary from one state to another. Different countries have different regulations as well. Most states have limits on the amount that you can borrow. They also have the right to charge any APR. The lender has the right to choose what it will be. Most states impose very little restraints on what the APR can be set at.
 
Max Loan Amount in Minnesota:
$350

Maximum Loan Terms:

Not to exceed 30 calendar days

 
According to state laws, charging any other fees for this, other than what is required by law, is prohibited. Some states even regulate the number of loans to a single borrower in a certain time frame. The lender must carry out verification before they can lend. They can not lend to someone that can not pay it back. They also require that someone not take out one loan to pay off another.
 


Mankato Payday Loans Online

Payday America
(507) 345-5481
1565 Tullamore St
Mankato, MN 56001
Money XChange
(952) 432-8171
15465 Cedar Ave
Apple Valley, MN 55124
Payday America, Inc.
(952) 435-2799
13959 GRAND AVE S
BURNSVILLE, MN 55337

Minnesota Payday Loan Terms
Maximum Loan Amount: $350
Loan Term: Max: 30 days
Maximum Finance Rate and Fees: $5.50: $0-$50; 10%+$5: $51-$100; 7% (min. $10) + $5: $101-$250; 6% (min. $17.50) + $5: $251-$350 (After default: 2.75% per month)
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Have questions or comments about the regulations of payday loans in Minnesota?
Regulator: Minnesota Department of Commerce
Address: Division of Financial Examinations, 85 7th Place East, Suite 500 St. Paul MN 55101
Phone: (651) 296-2135
Fax: (651) 296-8591
Regulator Website

Minnesota regulations courtesy of the NCSL and CFA