Payday loans in Bloomington, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Bloomington, MN.
The median household in Bloomington earns $93,211 a year, about the same as the Minnesota median of $89,062. About 9% of residents live below the federal poverty line, and 34.3% of households rent their home. When an unexpected bill hits before payday, Bloomington residents can request $100 to $1,000 online in minutes.
Minnesota law that applies in Bloomington
| Maximum loan | A consumer small loan is $350 or less, and one borrower may not owe more than $350 in total on such loans at one time. |
|---|---|
| Fee cap | The lender may charge an annual percentage rate of up to 50%, counting all interest, finance charges and fees. |
| Rollovers | A consumer small loan may not be repaid with the proceeds of another such loan from the same lender (or a related company), and loans may not be split to get higher charges. |
| Loans at once | You may not have more than one consumer small loan with a lender if that results in higher charges, and your total consumer small loan principal may not exceed $350 at one time. |
Full rules with statute citations: Payday Loans in Minnesota. Cities in Minnesota cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a payday loan in Bloomington
Here's what to have on hand before you start your payday loan request in Bloomington:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
Popular loan amounts in Bloomington
What Bloomington borrowers use it for
pay a doctor, dentist or pharmacy bill now
Moving costsdeposits, trucks and first-week expenses
Rent duecover a short gap before payday
Need money nowthe fastest options online
Loans for your situation
How to get a payday loan in Bloomington
- Pick an amount and fill out the short form (about 3 minutes).
- We share your request with lenders in our network that serve Minnesota.
- If a lender approves you, you'll see the fee, APR and due date before you sign.
- Funds are deposited to your bank account, often the next business day.
Estimate your cost
How much will I repay?
Minnesota does not set a single per-$100 fee cap for this product; check the lender's disclosure. $15 per $100 is shown as an example.
Estimate only. Your lender shows your exact cost before you sign.
Banks and credit unions in the area
Banks with branches in Bloomington
19 FDIC-insured bank branches from 13 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Wells Fargo Bank, National Association | 3 | 7900 Xerxes Ave S, Bloomington 55431 |
| U.S. Bank National Association | 3 | 9633 Lyndale Ave S, Bloomington 55420 |
| The Huntington National Bank | 2 | 7800 Penn Ave S, Bloomington 55431 |
| Bank of America, National Association | 2 | 611 W 98th St, Bloomington 55420 |
| Highland Bank | 1 | 5270 W 84th St, Bloomington 55437 |
| BMO Bank National Association | 1 | 9320 Ensign Ave S, Bloomington 55438 |
| Associated Bank, National Association | 1 | 7760 France Ave S, Bloomington 55435 |
| Premier Bank Minnesota | 1 | 500 W 98th St, Bloomington 55420 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Bloomington
9 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| Trustone Financial | 2772 E 82Nd St, Bloomington 55425 |
| Topline Financial | 900 American Blvd W, Bloomington 55420 |
| My | 4025 W Old Shakopee Rd, Bloomington 55437 |
| Sharepoint | 5300 Hyland Greens Dr, Bloomington 55437 |
| Building Trades | 9741 Lyndale Ave S, Bloomington 55420 |
| Toro Employees | 8111 Lyndale Ave S, Bloomington 55420 |
| Ziegler | 901 W 94Th St, Bloomington 55420 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Hennepin County · Personal Loans in Bloomington · Title Loans in Bloomington
Frequently asked questions
Can I get a payday loan in Bloomington, MN?
Payday-type loans are legal in Minnesota but capped at a 50% all-in APR: 'consumer small loans' (single-payment loans of $350 or less, Minn. You can request one online from Bloomington through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Bloomington?
A consumer small loan is $350 or less, and one borrower may not owe more than $350 in total on such loans at one time. A consumer short-term loan is $1,300 or less.
How fast can I get a payday loan in Bloomington?
The form takes about three minutes and many lenders decide within minutes. If you're approved and sign before the lender's cutoff, funds are often deposited the next business day.
Do payday loans affect your credit score?
Usually only a little, if at all. Because many payday lenders don't use a traditional hard credit pull and often don't report to the major bureaus, a payday loan repaid on time typically has little effect on your score. A balance that goes unpaid and reaches collections could hurt it, so borrow an amount you can repay on your due date. Bloomington residents can see their options with our 3-minute form.
Is a payday loan the same as a cash advance?
The terms are often used interchangeably. A payday loan is sometimes called a cash advance because it advances money against your next paycheck. A credit card cash advance is different: you withdraw cash against your card's credit limit, which requires available credit on a card. If you don't have card credit to tap, a payday loan through our network is a fast option. Check your options in about 3 minutes.
Is a payday loan secured or unsecured?
A payday loan is an unsecured loan. You don't put up a car, home or other property as collateral. Instead, lenders base their decision mainly on your income and checking account, and repayment is usually scheduled from that account on your due date. That keeps the process quick, since there's nothing to appraise. Bloomington residents can see if they qualify in about 3 minutes.
How much does a payday loan cost in Bloomington?
The lender may charge an annual percentage rate of up to 50%, counting all interest, finance charges and fees. Your lender shows the exact fee, total amount to repay, due date and APR before you sign, so you know the full cost upfront. There's no charge to use our form, and you're never obligated to accept an offer. Compare what lenders offer Bloomington borrowers in about 3 minutes.
Where can I get a payday loan in Bloomington?
You can visit a storefront in Bloomington or request a loan online without leaving home. Our free form sends one request to multiple lenders in our network, so you don't have to apply store by store. If a lender makes you an offer, you review the terms and decide whether to accept, with no obligation. It takes about 3 minutes to see if you qualify.
Do I need to visit a store in Bloomington?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.