Fast Online Payday Loan [ SAINT PAUL ]
Possible types of loans:
- $100, $200, $300, $400, $500, $600, $700, $800, $900, 1000 dollars are emergency payday loans in Saint Paul Minnesota USA, which are issued for a period of 1, 2, 3 or 4 weeks (until your next salaries).
- $1500, $2000, $2500, $3000, $3500, $4000, $4500, $5000 – St. Paul, MN installment loans that can be taken out for terms of up to 2 years (most often 1, 6, 9, 12 or 3 months).
To get fast online cash advances (payday or personal loans, short-term loans, fast cash) with instant approval in Saint Paul, MN, USA, use our simple 5-minute application form! The money will be credited to your bank account within 24-48 hours (or faster) after approval.
Cash Advance Near Me :: Saint Paul Minnesota Direct Lenders (list of offline stores and agencies nearby)
| Company | Address | Phone |
|---|---|---|
| ACE Cash Express | 668 7th St W, St Paul, MN 55102 | +1 651-291-5246 |
| ACE Cash Express | 1532 University Ave W #100, St Paul, MN 55104 | +1 651-645-3965 |
| Money Matrix | 1951 University Ave W, St Paul, MN 55104 | +1 651-487-2133 |
| Paradigm Services | 345 St Peter St #705, St Paul, MN 55102 | +1 651-379-0190 |
| St.Paul Federal Credit Union | 30 E 7th St #270, St Paul, MN 55101 | +1 651-772-8744 |
| Farm Credit Employee FCU | 375 Jackson St #100, St Paul, MN 55101 | +1 651-282-8881 |
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About Payday Loans in Saint Paul Minnesota
When financial emergencies strike in Saint Paul, many residents turn to payday loans or installment loans for quick cash solutions. Understanding the differences between these options and Minnesota’s lending laws can help you make smarter financial decisions during tough times.
Payday Loans in Saint Paul: What You Should Know
Payday loans (also called cash advances) are short-term loans designed to cover expenses until your next paycheck. Minnesota has strict regulations on these loans under the Minnesota Consumer Small Loan Law.
Key Features:
- Loan amounts: $350 maximum
- Loan terms: Minimum 30 days (no single-payment “payday” loans allowed)
- Interest rates:
- Maximum 33% APR on first $250
- 25% APR on amounts between $250-$350
- No rollovers allowed – must be fully repaid before new loan
Where to Find Payday Loans:
- Check Into Cash (multiple locations)
- Advance America
- Local finance companies
Important Note: Minnesota law prohibits traditional two-week payday loans. All small loans must have at least 30-day terms with installment payments.
Installment Loans in Saint Paul: A Better Alternative?
Installment loans offer longer repayment periods (typically 3-36 months) with fixed monthly payments. These are regulated under Minnesota’s Regulated Loan Act.
Key Features:
- Loan amounts: $350-$35,000
- Repayment terms: 3 months to 3 years
- Interest rates:
- 8-18% APR for most lenders
- Up to 33% APR for smaller loans ($350-$1,000)
- Credit checks required (but some lenders work with poor credit)
Where to Find Installment Loans:
- Affinity Plus Federal Credit Union
- US Bank (multiple branches)
- Sunrise Banks (local Saint Paul institution)
- Online lenders like LendingClub
Minnesota’s Strict Lending Laws
Minnesota has some of the nation’s strongest consumer protections:
- No traditional payday loans (minimum 30-day term required)
- APR caps (33% maximum for small loans)
- No loan flipping (restrictions on consecutive loans)
- Extended payment plans available for struggling borrowers
Smart Borrowing Tips for Saint Paul Residents
- Consider alternatives first:
- Credit union emergency loans
- Payment plans with service providers
- Nonprofit assistance (like Lutheran Social Service)
- Ramsey County emergency assistance programs
- If borrowing is necessary:
- Compare multiple lenders
- Read all contract terms carefully
- Calculate total repayment costs
- Set up automatic payments to avoid late fees
- Warning signs to avoid:
- Lenders offering “same-day cash” with unclear terms
- Loans that don’t follow Minnesota’s APR limits
- Pressure to borrow more than needed
Local Resources for Financial Help
Saint Paul offers several alternatives to high-cost borrowing:
- Prepare + Prosper (financial counseling services)
- Jewish Family Service (emergency assistance)
- Ramsey County Workforce Solutions (job placement help)
- Twin Cities Habitat for Humanity (housing assistance)
The Bottom Line
While Minnesota’s laws make payday loans less predatory than in many states, they can still be expensive. Installment loans typically offer better terms for most borrowers. Saint Paul residents should:
- Always explore free or low-cost alternatives first
- Understand all loan terms before signing
- Borrow only what’s absolutely necessary
- Have a concrete repayment plan
