Rates & Terms – Minnesota

Minnesota Rates & Terms

Online Payday Loans

Minnesota Sunshine Loans loan agreements are governed by the State of Minnesota.

Representative Example Of Payday Loan Fees

Amount Financed
(the amount of credit provided to you on your behalf)
Finance Charge
(the dollar amount the credit will cost you)
Total Repayment Amount
*Principal plus Finance Charge
APR** 391.0714% for a 14 day loan.
182.50% for a 30 day loan.
**Annual Percentage Rate: The APR is the total cost of your loan expressed as a yearly rate. The APR will increase if the actual loan term is shorter than these examples, and will decrease if your loan term is longer.

CONSUMER NOTICE REQUIRED by the laws and regulations of the state of MINNESOTA: These loan charges are higher than otherwise permitted under Minnesota law. Minnesota law permits these higher charges only because short-term loans might otherwise not be available to consumers. If you have another source of a loan, you may be able to benefit from a lower interest rate and other loan charges.


A single payday loan is typically two weeks to a month. However, borrowers often use these loans over a period of months, which can be expensive. Payday loans are not recommended as long-term financial solutions.


Online Payday Loan Questions:

How much money can I get?

Residents of Minnesota may be eligible to receive up to $350 with an online payday loan from Sunshine Loans.

When will I have to pay back my loan?

A payday loan is only meant to satisfy your short-term cash needs and will be due to be paid back on your next pay day unless your payday is less than 4 days away. The maximum term is 30 days.

Can I get an extension on my loan?

In accordance with Minnesota law, your loan must be paid in full on your due date. If you find yourself in need of more money, you may re-apply once your previous balance in paid in full.