Minnesota Payday Loan Cash Advance Fees, Rates & Interest
Spotya! Loan Fee Calculator
Use the fields below to calculate the fees and rates for your payday loan.
Spotya! is happy to provide payday loans to the residents of Minnesota. We take our compliance with all federal and state regulations governing the payday loan industry seriously. Your Spotya payday loan agreement will be governed by the state laws applicable in Minnesota. In accordance with the Federal Truth In Lending Act, please review this page for our full disclosure of loans fees and the corresponding Annual Percentage Rate (APR).
Maximum Loan Amount
Spotya Payday Loan Fee
- $17.50 per $100.00 (Please see APR above)
- Spotya! does NOT charge you the $5.00 administration fee allowed by law.
Our Loan Terms
Your Spotya! payday loan will be scheduled for repayment on your pay date within the next 7 to 30 days. We do not exceed 20 days loan periods unless you have a once per month pay cycle. Verified payroll direct deposit to your checking account is required for approval.
Extensions or “Roll Overs”
In accordance with Minnesota state law and Spotya! company policy, we do not allow loan extensions for customers residing in Minnesota. On your scheduled due date, full payment of your loan balance will be required.
Governing Law Information
- The Federal Truth In Lending Act
- Payday Loan Consumer Information
- Minnesota State Regulating Agency
Minnesota Department of Commerce
Division of Financial Examinations
85 7th Place East, Suite 500 St. Paul MN 55101
Ph: (651) 296-2135