Need a quick loan in Minnesota?
Time is of the essence during an emergency. Whether you’re dealing with a broken-down car or medical emergency, being able to quickly get a loan can be important.
Through our bank partners, RISECredit.com offers online loans with a simple application and quick funding.
From start to finish, you can apply and take out a loan without having to leave your home:
- Apply online: Complete the application, and FinWise Bank or Capital Community Bank will automatically evaluate your information and may give you a decision in a matter of minutes.
- Choose your loan amount: The rates and terms FinWise and CCB offer you can vary depending on your creditworthiness. However, it’s up to you to decide if you want to borrow the full amount offered or choose a smaller loan.
Use your loan: Your money will be deposited directly into your checking account. You may be able to get the funds in your account by the next business day.*
If you’re approved for a loan, your rates and terms will fall within the following ranges:
- Borrow $1,500 to $5,000
- Pay an interest rate of 99% to 199%
What should you consider before taking out a loan?
Here are a few things to keep in mind as you compare lenders and loan options:
- Timeliness: If you’re considering online versus brick-and-mortar lenders, ask about how long it may take to get approved for a loan and receive the funds. Online lenders may offer a quicker solution.
- Loan amounts: Make sure the lender offers loans that are large enough to meet your needs. Also watch out for minimum loan requirements, or you may have to borrow more money than you need. In Minnesota, the loans offered are $1,500 to $5,000.
- Fees: Lenders may charge a variety of fees, including application, origination, and prepayment fees. Our bank partners don't charge any of these, and all payments are fully disclosed on your loan agreement.
- Loan rates: Comparing loans’ APR’s could be more helpful than looking at their interest rates.
- Lender benefits: Some lenders may offer additional tools and resources to borrowers. For example, FinWise and CCB give you five business days to decide if you want to keep your loan. If you change your mind, you can return the loan principal without paying any fees. Risecredit.com also offers a variety of free financial education resources and tools.
Payday Loans in Minnesota- The RISE Alternative
Traditional payday loans often come with short repayment terms and extremely high fees, making it difficult for borrowers to break the cycle of debt. At RISECredit.com, we provide a smarter alternative- installment loans with more flexible repayment options and transparent terms.
Unlike payday loans, which typically require full repayment on your next paycheck, installment loans allow you to spread payments over time, making them a more manageable solution when unexpected expenses arise. With loan amounts ranging from $1,500 to $5,000, RISE loans through FinWise Bank and Capital Community Bank provide a safer and more responsible borrowing option.
RISECredit.com loans are designed to give you the financial flexibility you need without the risk to getting trapped in continuous borrowing. Plus, we're committed to transparency- there are no hidden fees, and you have the option to return your loan principal within five business days if you change your mind, completely free of charge.
Learn More
Interested in what we have to offer? Learn more and consider applying for a loan today.
- Learn how to save money, build credit, and other personal finance tips on the Rise Credit blog.
- Explore free educational videos and downloadable personal finance tools.
- Sign up for our free Credit Score Plus program, which comes with credit monitoring and lets you track one of your TransUnion credit scores.
To find out more about installment loans in Minnesota visit the What It Costs page and select Minnesota.
