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2022 Minnesota Payday Lending DataColor Key
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Total Amount of Loans$67,860,285Amount
Percentage of Total
Auto populated output *DO NOT EDIT
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Total Number of Loans160,050Borrowers with 5 or more loans13,66754%No data available
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Total Number of Individual Borrowers25,096Borrowers with 10 or more loans8,38333%[TAB] Simple data analysis
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Borrowers with 15 or more loans4,28517%[TAB] Raw data
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Total Interest and Fees$4,490,222Borrowers with 20 or more loans2,1228%[TAB] Formula lists *DO NOT EDIT
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Average Loan Amount$424Number of Licensed Lenders35
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Average Annual Interest Rate220Industrial Loan & Thrift (Ch. 53)30
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Average Loans per Borrower6Consumer Small Loan (Ch. 47)5
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2021 Minnesota Payday Lending Data
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Total Amount of Loans$64,377,480Amount
Percentage of Total
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Total Number of Loans176,241Borrowers with 5 or more loans12,67563%
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Total Number of Individual Borrowers20,004Borrowers with 10 or more loans8,17441%
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Borrowers with 15 or more loans4,48422%
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Total Interest and Fees$4,176,899Borrowers with 20 or more loans2,44712%
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Average Loan Amount$365Number of Licensed Lenders39
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Average Annual Interest Rate197Industrial Loan & Thrift33
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Average Loans per Borrower9Small Lender6
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