Payday Loans in Minnesota
- Borrow up to $350
- Apply online and in a store
- Funds from a fully licensed lender
- Instant approval decision
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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What is a Payday Loan?
A payday loan is a short-term, high-interest loan designed to help with emergency expenses between paychecks. In Minnesota, these small loans are legal but tightly regulated. Lenders can offer up to $350 for a maximum period of 30 days. No rollovers are allowed.
1F Cash Advance offers quick payday loans online or in-store with instant decisions, no credit checks, and same-day funding options.
How to Get a Payday Loan Online
Getting an online payday loan is simple and safe when you borrow from a licensed direct lender. Here's how it works with 1F Cash Advance:
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Submit your application. Enter your personal information into a short online form. The application takes only a few minutes.
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Receive a loan offer. After a quick data check and a soft credit assessment, you will get an approval decision.
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Receive the money. If approved, read the terms and sign the agreement. The funds will be transferred to your account the same day* or the next business day.
*To receive funds the same day, finalize your loan before 10:30 am CT. Requests made after 10:30 am CT or on weekends or holidays are processed on the next business day.
Who Can Qualify
Here’s what you need to apply for instant payday loans in Minnesota with 1F Cash Advance:
- Be at least 18 years old
- Valid government-issued photo ID
- Proof of regular income
- Active checking account number
- Social Security number
- Valid phone number and email
- Proof of Minnesota address
Rates and Terms
Payday lending is legal in Minnesota but comes with strict regulations. All lenders must follow a fixed fee structure based on the loan amount.
For loans of up to $50, the maximum fee permitted is $5.5. Loan amounts between $50.01 and $100 come with a fee of 10% plus $5. If you borrow from $100.01 to $250, the fee is 7% plus $5. Loans of over $250 have a finance charge of 6% plus $5.
Here’s how fees and repayment totals are structured for different loan amounts:
| Loan Amount | Fee | APR (14 days) | APR (30 days) | Total Repayment |
|---|---|---|---|---|
| $40 | $5.50 | 358.48% | 167.29% | $45.50 |
| $80 | $13.00 | 423.66% | 197.71% | $93 |
| $200 | $19.00 | 247.67% | 115.58% | $219 |
| $300 | $23.00 | 199.88% | 93.28% | $323 |
What to Consider Before Applying
Before applying for a payday loan in Minnesota, it’s important to understand the total cost and assess your ability to repay on time. These loans are short-term, high-interest solutions intended for emergency use only. Carefully review the repayment amount, due date, and any lender fees. Ensure the lender is licensed by the Minnesota Department of Commerce. Avoid rollovers or taking out multiple loans at once, as this can lead to a cycle of debt. Responsible borrowing begins with understanding the terms and having a clear repayment plan.
1F Cash Advance in Minnesota
Prefer in-person service? Visit our store for quick assistance – no delays, no hassle.
If you’re farther away, in cities like Saint Paul, Rochester, Bloomington, Duluth, or Brooklyn Park, you can still apply online in just minutes. Staying in another state? Find a 1F Cash Advance store near you with ease.
Why Choose 1F Cash Advance
If you live in Minnesota and need quick cash, 1F Cash Advance makes it easy to get a payday loan without the hassle. The process is simple, entirely online, and available 24/7.
No long waits
Apply in minutes and get a fast decision. You don’t have to visit a store or wait in line.
Here when you need us
We don’t base our decision on your credit score, so you can still qualify with bad credit.
Here when you need us
Our service is available anytime, so you can apply whenever it’s convenient for you — day or night.
FAQ
Can I get a payday loan with no credit check?
At 1F Cash Advance, you can apply for a payday loan in Minnesota without a credit check via major credit bureaus. We perform only a soft inquiry that won’t affect your score, making it easier for people with low or limited credit history to qualify.
How do online payday loans work in Minnesota?
Payday loans online in Minnesota are fast and secure. Just fill out a short application, get an instant decision, and receive your funds the same day or the next business day.
What are the alternatives to payday loans?
If a payday loan isn't right for you, consider personal installment loans, credit union loans, or borrowing from family or friends. Many nonprofits and local agencies also offer short-term financial assistance.
How much can I borrow with a payday loan in Minnesota?
Under state law, Minnesota's maximum payday loan amount is $350. The exact offer depends on your income and eligibility.