Rates & Terms for Minnesota

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All loans issued after 08/01/2009 will follow Minnesota Consumer Small Loan Lender law and be covered by the terms below. These terms are different than for loans issued prior to this date. If you have any questions on the new terms, please contact our call center for more information.

Loan Terms

  • Your loan will be due on your next payday that falls between 8 to 30 days away.
  • If you are paid by paper check, we will give you a grace period of 1 day to deposit your check.
  • If you are paid monthly, your loan will be due on your next payday that falls between 8 to 30 days away.
  • If your pay dates fall outside of these ranges, your loan will be due in 14 days.

Maximum Loan Amount

The maximum loan amount for Minnesota residents will be $350.00.

Extensions

In accordance with Minnesota law, your loan must be paid in full on the due date. Early payoff requests must be received at least 2 business days prior to your due date.

Fees Schedule and APR

Your loan fees are disclosed in the chart below. All fees and interest charges are combined in the Annual Percentage Rates displayed.

Consumer Notice Required by the State of Minnesota

These loan charges are higher than otherwise permitted under Minnesota law. Minnesota law permits these higher charges only because short-term small loans might otherwise not be available to consumers. If you have another source of a loan, you may be able to benefit from a lower interest rate and other loan charges.

Term In Days $100.00 $150.00 $200.00 $250.00 $300.00 $350.00
10 $5.00 Administrative Fee + $10.00 Percentage Fee Total Finance Charge = $15.00 APR = 547.50% $5.00 Administrative Fee + $10.50 Percentage Fee Total Finance Charge = $15.50 APR = 377.17% $5.00 Administrative Fee + $14.00 Percentage Fee Total Finance Charge = $19.00 APR = 346.75% $5.00 Administrative Fee + $17.50 Percentage Fee Total Finance Charge = $22.50 APR = 328.50% $5.00 Administrative Fee + $18.00 Percentage Fee Total Finance Charge = $23.00 APR = 279.83% $5.00 Administrative Fee + $21.00 Percentage Fee Total Finance Charge = $26.00 APR = 271.14%
14 $5.00 Administrative Fee + $10.00 Percentage Fee Total Finance Charge = $15.00 APR = 391.07% $5.00 Administrative Fee + $10.50 Percentage Fee Total Finance Charge = $15.50 APR = 269.40% $5.00 Administrative Fee + $14.00 Percentage Fee Total Finance Charge = $19.00 APR = 247.68% $5.00 Administrative Fee + $17.50 Percentage Fee Total Finance Charge = $22.50 APR = 234.64% $5.00 Administrative Fee + $18.00 Percentage Fee Total Finance Charge = $23.00 APR = 199.88% $5.00 Administrative Fee + $21.00 Percentage Fee Total Finance Charge = $26.00 APR = 193.67%
30 $5.00 Administrative Fee + $10.00 Percentage Fee Total Finance Charge = $15.00 APR = 182.50% $5.00 Administrative Fee + $10.50 Percentage Fee Total Finance Charge = $15.50 APR = 125.72% $5.00 Administrative Fee + $14.00 Percentage Fee Total Finance Charge = $19.00 APR = 115.58% $5.00 Administrative Fee + $17.50 Percentage Fee Total Finance Charge = $22.50 APR = 109.50% $5.00 Administrative Fee + $18.00 Percentage Fee Total Finance Charge = $23.00 APR = 93.28% $5.00 Administrative Fee + $21.00 Percentage Fee Total Finance Charge = $26.00 APR = 90.38%

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.