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US Cash Advance is a direct payday lender serving Minnesota residents, including Minneapolis, St. Paul, and Rochester. Apply online in minutes for a payday loan up to $350, with a decision the same business day.
Minnesota payday loans at a glance: Payday loans are legal in Minnesota and regulated by the Minnesota Department of Commerce under MN Stat § 47.60 (2025). You can borrow up to $350 for a term of up to 30 days, at an effective APR of about 36%. Rollovers are prohibited, and lenders must disclose the full APR and due date before you sign.
Rules current as of August 2026.
Governing law: MN Stat § 47.60 (2025)
Minnesota allows payday loans with an annual percentage rate (APR) of up to 50% as per MN Stat § 47.60. The maximum loan amount is $350, and the loan term cannot exceed 30 days. Lenders must be licensed to operate in the state.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 30 days | 50% | $4 | $104 |
| $175 | 30 days | 50% | $7 | $182 |
| $350 | 30 days | 50% | $14 | $364 |
Minnesota law allows a consumer small loan lender to charge an annual percentage rate of up to 50 percent for loans up to $350 with a maximum term of 30 days. The lender must show you the exact APR before signing. No rollovers are allowed, and only one loan can be outstanding per borrower at a time.
Minnesota residents should be aware that payday loans can have an APR of up to 50%. The maximum loan amount is $350, and the term is limited to 30 days. Verify the lender's license before proceeding.
Minnesota law prohibits rollovers of payday loans, ensuring borrowers do not extend their debt cycle. Lenders must be licensed, and consumers can file complaints with the Minnesota Department of Commerce if they suspect violations.
Complaint Agency: Minnesota Department of Commerce
Verify Lender License: https://www.revisor.mn.gov/statutes/cite/47.60
Rollover policy for Minnesota: no. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in Minnesota, regulated under MN Stat § 47.60 (2025). Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
A payday loan in Minnesota is a small, short-term loan you repay by your next payday. Under MN Stat § 47.60 (2025), you can borrow up to $350 for up to 30 days, and the lender's fee works out to an effective APR of about 36%. The lender discloses your exact fee, total, and due date before you sign, and you repay the full amount plus the fee on the due date.
In Minnesota, the maximum payday loan APR is 36% under MN Stat § 47.60 (2025). This is the annual percentage rate a licensed lender may charge; your actual cost depends on the loan amount and term. The lender must disclose the exact APR and fees in your agreement before you sign.
In Minnesota, the maximum payday loan amount is $350 under MN Stat § 47.60 (2025). Some lenders approve less than the state maximum based on your income and their own limits. Borrow only what you can repay by the due date, since fees apply to the full amount.
In Minnesota, a payday loan term runs up to 30 days under MN Stat § 47.60 (2025). The due date is usually tied to your next payday and is stated in your loan agreement. Repaying on time avoids rollover fees and extra finance charges.
No. In Minnesota, payday loan rollovers are not allowed under MN Stat § 47.60 (2025). You cannot extend the loan by paying only the fee and pushing back the due date, a practice that fuels long-term debt. If you cannot repay on time, ask the lender about an extended payment plan.
Explore the full US Cash Advance suite of short-term lending options: Payday Loans, Cash Advance, Bad Credit Loans, Same Day Loans, Debt Consolidation, or find a location near you in our Minnesota Locations Directory.