Credizen
Apply Now
🏒

Payday Loans in Minnesota

Compare licensed lenders • Check MN regulations • Apply online

Max Loan
$350
Cities Covered
6
Legal Status
Legal (Regulated)
Population
5,706,494

Minnesota Payday Loan Regulations

Max Loan Amount:$350
Max Term:30 days
Typical APR:390%
Cooling-Off:None
Rollover Allowed:No

Minnesota limits payday loans to $350 with typical APR 390%. Cooling-off periods apply.

Important: This information is current as of February 2026. State regulations may change. Always verify with your lender and state regulator before signing a loan agreement.

About Payday Loans in Minnesota

Minnesota limits payday loans to $350 with typical APR 390%. Cooling-off periods apply.

Minnesota is located in the Midwest region of the United States with a population of 5,706,494.

Key Regulations:

  • Maximum APR: 390%
  • Maximum loan amount: $350
  • Maximum term: 30 days
  • Rollovers not allowed
  • Regulated by Minnesota Department of Commerce

Regulatory Authority: Minnesota Department of Commerce
Official Website: https://mn.gov/commerce/

Cities in Minnesota

Minneapolis

Pop: 429,954

View Lenders →

Saint Paul

Pop: 311,527

View Lenders →

Rochester

Pop: 121,395

View Lenders →

Duluth

Pop: 90,884

View Lenders →

Bloomington

Pop: 89,987

View Lenders →

Brooklyn Park

Pop: 86,478

View Lenders →

Frequently Asked Questions – Minnesota

Are payday loans legal in Minnesota?
Yes, payday loans are legal (regulated) in Minnesota. The state is regulated by the Minnesota Department of Commerce, which oversees all payday lenders. Minnesota limits payday loans to $350 with typical APR 390%. Cooling-off periods apply.
What is the maximum payday loan amount in MN?
The maximum payday loan amount in Minnesota is $350. Finance charges are capped at Varies by lender. Always verify with your lender before applying.
How long do I have to repay a payday loan in Minnesota?
In Minnesota, payday loans typically have a maximum term of 30 days. Some lenders offer installment loans with longer repayment periods. Check specific lender terms.
Can I have multiple payday loans at once in MN?
Minnesota limits payday loans to $350 with typical APR 390%. Cooling-off periods apply.
How do I find licensed payday lenders in Minnesota?
All payday lenders in Minnesota must be licensed by the Minnesota Department of Commerce. You can verify a lender's license at https://mn.gov/commerce/. Only work with licensed lenders to protect yourself.
What documents do I need for a payday loan in MN?
Most Minnesota payday lenders require: (1) Valid ID (driver's license or state ID), (2) Proof of income (pay stubs or bank statements), (3) Active checking account, (4) Social Security number, (5) Proof of residence.
What is the typical APR for payday loans in Minnesota?
In Minnesota, the maximum APR is 390%. Actual APR varies by lender and loan amount. Always review the loan agreement for total cost before signing.
Are there alternatives to payday loans in MN?
Yes. Consider: (1) Credit union loans (often lower rates), (2) Payment plans with creditors, (3) Local assistance programs, (4) Employer cash advances, (5) Friends or family loans. Explore all options before committing to a payday loan.

Ready to Compare Lenders in Minnesota?

One application. Multiple offers. Find your best option.

Compare Minnesota Lenders Now →

Free to use. No credit impact to compare offers.

Important Legal Notice

This information is current as of January 2026 and is for informational purposes only. Payday loan regulations in Minnesota may change. Always verify current regulations with the Minnesota Department of Commerce before applying. Credizen is a comparison platform – we do not directly provide loans.

We may earn commission from lenders when you submit a loan request. This does not affect which lenders you're matched with. Learn more in our methodology.

Emergency Financial Help

If you're experiencing financial difficulties, contact your local financial counseling service.

  • South Africa: National Credit Regulator - 0860 627 627
  • Romania: ANPC - 0213142200
  • Colombia: Superintendencia Financiera - (571) 594 2222
  • Poland: KNF - 22 262 5000
Skip to main content