Payday loans in Cambridge, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Cambridge, MN.
The median household in Cambridge earns $69,154 a year, 22% below the Minnesota median of $89,062. About 10% of residents live below the federal poverty line, and 34.2% of households rent their home. When an unexpected bill hits before payday, Cambridge residents can request $100 to $1,000 online in minutes.
Minnesota law that applies in Cambridge
| 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 Cambridge
Lenders that serve Cambridge typically ask for the following:
- 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 Cambridge
What Cambridge borrowers use it for
handle the unexpected the same week
Rent duecover a short gap before payday
Medical billspay a doctor, dentist or pharmacy bill now
Car repairskeep getting to work while the shop fixes it
Loans for your situation
How to get a payday loan in Cambridge
- 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 Cambridge
6 FDIC-insured bank branches from 3 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Security Bank & Trust Company | 4 | 127 Main St S, Cambridge 55008 |
| First Bank & Trust | 1 | 234 1st Ave E, Cambridge 55008 |
| Wells Fargo Bank, National Association | 1 | 250 2nd Ave Ne, Cambridge 55008 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Cambridge
3 credit-union locations from 2 credit unions.
| Credit union | Location |
|---|---|
| Affinity Plus | 1990 2Nd Ave Se, Cambridge 55008 |
| Minnco | 235 1St Ave W, Cambridge 55008 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Isanti County · Personal Loans in Cambridge · Title Loans in Cambridge
Frequently asked questions
Can I get a payday loan in Cambridge, 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 Cambridge through our network; approval and terms are set by the lender.
How much can I borrow with a payday loan in Cambridge?
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 Cambridge?
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.
Is a payday loan installment or revolving credit?
A traditional payday loan is neither. It's a single-payment loan: you borrow a set amount and repay it, plus the fee, in one payment on your due date. An installment loan spreads repayment over several scheduled payments, and revolving credit, like a credit card, lets you borrow repeatedly up to a limit. Depending on Minnesota rules, lenders may offer payday or installment options. Compare them in about 3 minutes.
How much does a payday loan cost in Cambridge?
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 Cambridge borrowers in about 3 minutes.
Do payday lenders in Cambridge check your credit?
Most payday lenders check something, but it often isn't a traditional credit report. Many focus on income and banking history and may use alternative credit data or a soft check instead of a hard pull from the major bureaus. Each lender sets its own process and will tell you what it reviews. Submitting our form is free, and you can see if you qualify in about 3 minutes.
What is a payday loan in Cambridge?
A payday loan is a small, short-term loan, usually a few hundred dollars, that you repay in one payment on or around your next payday. Borrowers in Cambridge can request one online from home instead of visiting a storefront. Through our free form you can be matched with lenders in our network, with amounts depending on the lender and Minnesota rules. See if you qualify in about 3 minutes.
How do I get a payday loan in Cambridge, MN?
Have a few basics ready: a government-issued ID, proof of regular income, an active checking account, and a working phone number and email. Then complete our secure online form. Lenders review your request, and many give a decision within minutes. If you're approved, you'll see the full terms before signing. Most Cambridge borrowers can finish the form in about 3 minutes.
Do I need to visit a store in Cambridge?
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.