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Title loans in Minnesota

Title loans for bad credit in Minnesota

Title loans are allowed in Minnesota. Here are the limits Minnesota law sets, what a typical loan can cost, and where to get free help if you need it.

Last updated .

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Part of the Minnesota guide

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What Minnesota law allows

Title loans in Minnesota
ProductStatusAPR capAmountTermLicenseLaw
Title loans[1][2] Allowed 36% APR Not set by statute Not set by statute None listed likely governed by Minn. Stat. Ch. 56 or Ch. 47 in combination with vehicle-title provisions in Ch. 168A, but no specific title-loan...
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.

Bars place each APR cap on a 0 to 400% scale; the pin marks the cap. A striped bar means the statute sets no numeric cap.

Full detail for every loan type: Minnesota lending laws.

Money snapshot for Minnesota

Minnesota household data
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[3]$1,504FY2026
Population[4]5,793,1512024
Unemployment rate[5]4.4%2026-08

Other options in Minnesota

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Emergency loans in Minnesota: allowed under Minnesota law; see its limits and license rules.
  • Installment loans in Minnesota: allowed under Minnesota law; see its limits and license rules.
  • Payday loans in Minnesota: allowed under Minnesota law; see its limits and license rules.
  • Personal loans in Minnesota: allowed under Minnesota law; see its limits and license rules.
  • Credit union payday alternative loans (PALs). Federal credit unions may offer small loans of up to $2,000 with terms of up to 12 months and an APR no higher than 28%, under NCUA rules (12 CFR 701.21). You usually need to be a member.
  • Nonprofit credit counseling. A counselor accredited by the National Foundation for Credit Counseling can help you build a budget or a debt management plan.
  • Ask your creditor for a payment plan. Utilities, hospitals and many lenders offer hardship or extended payment plans if you ask before you miss a payment.
  • Local assistance. Call 211, or visit 211.org, for emergency help with rent, utilities and food in Minnesota.

See every loan type Minnesota law allows.

Title loans in nearby states

Sources

  1. mn.gov. Minnesota Department of Commerce. Retrieved September 23, 2026.
  2. responsiblelending.org/media/new-research-brief-provides-fresh-evidence-car-title-lenders-operating-illegally-22-states. Retrieved September 23, 2026.
  3. National Low Income Housing Coalition. Out of Reach 2026: Minnesota. Retrieved September 23, 2026.
  4. U.S. Census Bureau, Population Division. Vintage 2024 National and State Population Estimates. Retrieved September 23, 2026.
  5. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

Important disclosures

APRs vary by lender and state in Minnesota. Each lender sets its own rates and terms and must show you the APR before you sign.

Representative example

Amount borrowed
$1,000
Annual percentage rate (APR)
36%
Repayment
12 monthly payments
Payment
$100.46
Finance charge
$205.52
Total of payments
$1,205.52

Example: a $1,000 title loan at 36% APR repaid in 12 monthly payments of $100.46 costs $1,205.52 in total, including a finance charge of $205.52. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.

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  • Questions about a lender licensed in Minnesota? Contact the Minnesota Department of Commerce or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.