We have reviewed 3 Minnesota installment loan lenders.
Our review of borrow money options considers three areas: reputation, cost, and features. Reputation considers state licensing and Better Business Bureau scores. Cost is based on terms, fees, and rates. Features include things like credit reporting or fee transparency.
A listing in this table is not an endorsement. This table includes all lenders we have reviewed who offer loans to Minnesota residents.
Large, publicly traded online lender.
Use promo code: NEWCASH25 to save 25%
Governing Law: State Lic.
Cost: $492 - $7.9K
Charges upfront admin fee.
Reports to credit bureaus.
Governing Law: State Lic.
Cost: varies by state
Specialize in Military Loans. Pricing not listed.
15 day cancellation policy. Full refund of fees.
Governing Law: Delaware
* When avaiable we have shown pricing for Minnesota residents. Check each lender's website for updated information. Some lenders will not provide pricing data until an application is completed.
Minnesota residents can choose from 3 installment loan lenders.
Installment loans do not require good credit and, unlike traditional payday loans, are paid back over multiple pay periods. These loans are relatively expensive loans so make sure you have considered other options such as bank loans, credit cards, or friends and family before taking one.
Estimated fees and payments for Minnesota installment lenders are provided in the table below. Many consumers prefer installment loans over payday loans because loan repayment is spread out over a longer period of time which often makes these loans cheaper than payday loans if you need multiple pay periods to repay your loan. See Payday Loans or Installment Loans for more information on comparing these two types of loans. Also you can visit Borrow Money Options for more general information.
Minnesota regulation of installment loans falls into a bit of a gray area as they sometimes fall outside of the technical definition of a payday loan and more into the area of general unsecured installment loans. See Minnesota Payday Loan Laws for additional resources or visit Minnesota's payday loan regulator, the Minnesota Department of Commerce for more information.
The Payday Hound reviews installment lenders and ranks them according to our Sniff Test (reputation), costs, and licensing. The list below includes both regulated banks as well as off-shore entites. Being included on our list is not an endorsement or certification. The list is a ranking and is designed to help borrowers rate and judge the quality of lenders. This means it may include lenders we believe to be honest as well as those we would deem to be predatory.