Kensington Bank Payday Loans Review - Cokato, Minnesota

Your personal information is safe with us

4.7 27 reviews

Organization owner?

101 3rd St SE, Cokato, MN 55321, USA

+1 (320) 286-2146

www.kensington.bank

Thursday

8AM–4PM

Friday

8AM–4PM

Saturday

Closed

Sunday

Closed

Monday

8AM–4PM

Tuesday

8AM–4PM

Wednesday

8AM–4PM

Domain Info

Feedback about Kensington Bank?

Here you read the feedback of our customers.

Note

Pay Attention

The first three points specify the certain lending company. In other turn, below-defined info makes readers get acquainted general information about payday loans.

Payday Loans in Cokato, Minnesota

A short-term loan is considered as a payday loan. This is a kind of a financial product taken out for 2,3 weeks. Available loan amounts are from $100-$1,000.

Such financial products as payday loan in Cokato, Minnesota is taken out simply and quickly for a short time span: 2-3 weeks. The interest rates are established on an individual basis depending on the personal data: the more payday loans you pay back off, the more reasonable rates you will get.

APR

200%*

Max Loan

$350

Min Term

Not Specified

Max Term

30 days

How will Kensington Bank help issue a payday loan in Cokato, Minnesota?

24/7 operation. Such online services allow you to get funds at any time. Money are taken out around the clock. The transfer will be sent to a bank account, so a personal visit to the store is not required.
No paperwork. The list of required documents is minimal. In most cases, an ID is sufficient. You do not need to provide a certificate of income.
Online application. The application is filled in and reviewed much faster than in banks. Money is transferred within 24 hours after receiving approval.
High approval level. When it comes to small amounts, a positive answer comes up 98%.
Availability. Banks impose more stringent requirements on their customers. Age restrictions and bad credit will become barriers to issuing a loan. Payday lenders are more loyal to clients. The presence of minor delays and a low credit rating does not guarantee denial.

Fill in an application

What data to fill in in the application? - General Info

To submit an application, every borrower should fill in the following data:

Your loan:

Loan Amount, Loan Purpose, Email Address

About You:

First Name, Last Name, Date Of Birth, Primary Phone Number, Driver's License Number, Your SSN

Your Address:

Zip Code, Street Address

Your Income:

How often do you get paid?, Next Paydate, Type of Account, How do you get paid?

Your Employment:

Your Income Source, Are you in the military?, Your Employer Name, Your Monthly Net Income, Your Employer Phone Number

Your Credit:

If you have $10,000+ in unsecured debt and would like one of our partners to contact you?, What`s your approximate credit rating?

Finally:

Select your Bank, Select your Bank’s State, ABA/Routing Number, Account Number

After filling in an application, submit it and get the decision.

Reasons

Why people issue payday loans?

Utility Bills

Healthcare Bills

Traveling

Car Repair

Clothes

Get Started

Bad Credit Approved

Payday loans for bad credit

Bad credit history is a unfavorable factor that is taken into account by financial institutions. Lenders in Cokato, mn consider this circumstance not an obstacle to issue a loan. The borrower of a payday loan should be prepared to objectively assess financial abilities, take out a loan, repay the debt on schedule and not only handle current problems, but enhance the credit history.

The following common points will be rated before applying for a payday loan:

be at least 18 years old;
be a U.S. citizen;
be employed and have a reliable source of income;
have a checking account;
have a valid email address and phone number.

~ Credit score ~

Rate Your Credit Score

Low

300 – 579 points

No way to issue a loan
No ability to rent a room

Average

670 – 739 points

80% of loan approval
Apply for all loan types

Perfect

740 – 799 points

95% of loan approval
Apply for all loans incl. mortgage

Rate your APR

APR Calculator

Loan Amount $: *

Loan Term (Days): *

APR value %: *

Origination Fee $: *

$1000 Your loan

+ $38 Your fee

= $1,038 Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

The calculator clarifies the cost of the payday loan known as annual percentage rate.

Let's see