Reliance Bank Payday Loans Review - Faribault, Minnesota

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4.4 21 reviews

Organization owner?

2300 30th St NW, Faribault, MN 55021, USA

+1 (507) 331-2493

www.reliancebankmn.com

Friday

9AM–5PM

Saturday

9AM–12PM

Sunday

Closed

Monday

9AM–5PM

Tuesday

9AM–5PM

Wednesday

9AM–5PM

Thursday

9AM–5PM

Domain Info

Feedback about Reliance Bank?

Here you grapple with the feedback of our customers.

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Pay Attention

Above there are details about a certain lending company. Below every reader may grapple with the common features of payday loans.

Payday Loans in Faribault, Minnesota

Payday loan is taken out for a short period: 2-3 weeks. The offered loan amounts are $100-$1,000.

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

APR

200%*

Max Loan

$350

Min Term

Not Specified

Max Term

30 days

How will Reliance Bank help take out a payday loan in Faribault, Minnesota?

24/7 service. Such online services allow you to get funds at any time. Money are issued day and night. The deposit will be sent to a account, so a personal visit to the store is not required.
No paperwork. The list of required documentation 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 out and processed 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 decision comes up 98%.
Availability. Banks provide loans at 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 rejection.

Fill in an application

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

To submit an application, every client should enter 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

Then you have to press a Submit button and get a deal.

Reasons

Why people issue payday loans?

Utility Bills

Healthcare Bills

10%

Traveling

Car Repair

Clothes

Get Started

Bad Credit Approved

Payday loans for bad credit

One of the reason of denial for a loan is a bad credit history. This factor is reviewed by banks before issuing a loan. But banks almost 100% deny the application when lenders in Faribault, mn will assess other aspects like financial capabilities and approve a cash advance. This is a way to improve your credit history.

The following common points will be estimated before applying for a 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.

This calculator serves to calculating the annual percentage rate. This is a exact cost of the loan.

Let's see