St. Louis Park, MN · Midwest · 36% APR cap
Payday loans in St. Louis Park
St. Louis Park is governed by Minnesota's statewide lending law — cities don't set their own loan rules. Minnesota does not license classic two-week payday pricing: a 36% APR cap keeps typical payday fees out of the market. The storefronts that remain sell installment products under that cap.
Classic payday pricing is not licensed here, so treat any two-week, high-fee offer as a red flag.
Lending storefronts in St. Louis Park
48,747 residents · Hennepin County Median household income is $66,432 — below the Minnesota median of $68,057.
1 storefront location of 1 company listed in the public directory snapshot below. Categories are the directory's own — verify a store's license with the state regulator before borrowing.
| Lender | Address | Phone | Hours |
|---|---|---|---|
| Associated Bank Banks & Credit Unions | 5353 Wayzata Blvd, 55416 | (952) 591-2865 | Mon 9:00 AM - 5:30 PM · hours vary |
Listing data: public business directory, collected 2022-02-20. Stores close and relocate — confirm with the regulator's license lookup on the Minnesota page before visiting. Spot an error? Report it.
The online route in St. Louis Park
Online lenders can serve St. Louis Park without a storefront — but Minnesota's 36% cap reaches any lender licensed in the state, wherever it is based. Loans routed through partner banks or tribal charters sit outside that cap, and regulators dispute the structure.
From the online lenders directory — terms each lender publishes about itself, checked September 2026. Directory only: we are not affiliated and make no availability promises — verify with the lender and the Minnesota regulator.
The rules behind the numbers
Consumer short-term loans in Minnesota are subject to a maximum 36% Annual Percentage Rate (APR) limit.
Statute: Minn. Stat. § 47.60 et seq.
Regulator: Minnesota Department of Commerce · mn.gov
Questions people ask in St. Louis Park
Why doesn't St. Louis Park have classic payday stores?
Minnesota caps small-loan APR at 36%, and that state cap applies in St. Louis Park exactly as everywhere else. At 36% a two-week $300 loan earns a lender about $4 — so classic payday pricing can't legally operate here.
What can I legally borrow in St. Louis Park?
Installment loans priced under the 36% cap, federal credit-union PALs, and employer advances are the lawful routes. Any storefront or site advertising two-week, high-fee payday pricing to St. Louis Park residents is not licensed here.
What lending storefronts are in St. Louis Park?
1 storefront is listed in St. Louis Park in our 2022-02-20 directory snapshot (1 different company). The full list with addresses, phones and hours is in the table above.
Who enforces the cap in St. Louis Park?
Complaints about a lender go to the Minnesota Department of Commerce (mn.gov) — keep the loan agreement and every fee disclosure you were given.