Minnesota is a state in the Midwestern region of the United States and like other states it has a uniform process for lending payday loans. Minnesota has laws regarding the payday loan which prohibits vicious lending process often applied by lender. Minnesota Payday Loans are easily procured with conformity of laws hence consumers can apply for the law to any lender who has a license of doing payday lending.

It is legal to get a payday loan in Minnesota. The maximum loan amount one can borrow in this state is $350, and a lender may charge $15 per every $100 loaned. This creates an effective 14 days APR of 390%. Just like many other states Minnesota has a maximum term for payday loans, which is 30 days. Rolling over is not permitted.