Cash advances in Coon Rapids follow Minnesota law: up to $350, fee 36% apr cap, term Max 30 days. The state’s typical $300 loan costs — in fees and repays — — about Max 36% APR.
| County | Anoka County |
|---|---|
| Population | 62,359 |
| Median household income | $64,203 |
| Rank in Minnesota | #14 by population among covered cities |
| State rules apply | 36% APR Cap · cap $350 |
Why income matters here: high-cost lenders size loans against your deposit flow, not your address. In Coon Rapids, where the median household brings in $64,203 a year, a $300 advance with a — fee is one of the smaller recurring hits a budget can take — which is exactly why the cap exists.
| Max amount | $350 |
|---|---|
| Max fee / rate | 36% APR Cap |
| Term | Max 30 days |
| Rollovers | Forbidden |
| APR on the typical loan | Max 36% |
| Regulator | Minnesota Department of Commerce |
Statute: Minn. Stat. § 47.60 et seq. · details on the Minnesota state page
Composite scenarios built from typical situations and the cost math on this page — not quotes from named individuals.
A refrigerator dies in summer. A used replacement is available today at a cash price. The advance buys the replacement now instead of rent-to-own; the $15 fee on a $115 repayment is a one-time cost against months of installments.
One-time fees compound slower than weekly rental contracts — compare totals.
A household is one bill behind and the utility sets a reconnect deadline later this week. Borrowing now keeps the power on and avoids a reconnect charge; repaying $293 on payday costs $38 for the bridge.
Reconnect fees plus deposit requirements often exceed the advance fee — but only compare before borrowing.
Payday lands four days after the rent deadline. The gap is small but the late fee is not. The advance closes the gap on time; repaying $345 — $45 in fees — beats the landlord’s late penalty and a court-filing risk.
Price the loan against the exact penalty it prevents.
Minnesota law sets one price for the whole state: up to $350 with 36% apr cap. A typical $300 advance costs — and repays —. City does not change the price — state does.
Storefront locations change often; this site does not list individual stores. The national chains and independents price at the same state cap — verify any location with the Minnesota Department of Commerce before you sign. Our cash advance places guide covers the chains and the license check.
Lenders typically want steady income with a deposit history in your account — a pay stub or benefits letter is enough at most no-credit-check lenders. Median household income in Coon Rapids is $64,203; lenders set no city-specific threshold.
Ready to move? Request your cash advance now — free to check, no hard credit pull at this step.
Free check for Coon Rapids, MN · no hard credit pull at this step.
