Minnesota Installment Loans

Payday Hound's Top Minnesota Lender

OppLoans

The Payday Hound Rating
  • Competitive rates based on amount and eligibility.
  • Loans from $1K-$10K. All Credit Types.
  • State licensed. Based in Chicago. Since 2009.

2019 Minnesota Lender Rankings

We have reviewed 4 Minnesota installment loan lenders.

Our review of installment loans 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.

Filter lenders by state:
MN Lender Description Sniff Rating
OppLoans
  • Competitive rates based on amount and eligibility.
  • Loans from $1K-$10K. All Credit Types.
  • Governing Law: State Lic.
Great
RISE
  • Military members not eligible.
  • Money back guarantee.
  • Governing Law: State Lic.
Great
American Web Loan
  • Tribal Lender based in Oklahoma.
  • Very little information provided on their site
  • Governing Law: Tribal
Fair
Cash Advance Now
  • Tribal lender. Upfront disclosures and pricing.
  • Purchased name and domain in Sept 2012.
  • Governing Law: Tribe
Fair

* Based on our analysis these lenders offer loans to Minnesota residents. We aim to keep our information accurate but check each lender's website for up-to-date information.

Minnesota Installment Loans Details

Minnesota residents can choose from 4 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 Installment Loans 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.