Welcome to Our Online Loan Referral Service

5 2 reviews

3141 N Service Dr, Red Wing, MN 55066, USA
+1 (651) 267-3340
www.ffmbank.com
Wednesday
8:30AM–5PM
Thursday
8:30AM–5PM
Friday
8:30AM–5PM
Saturday
8AM–12PM
Sunday
Closed
Monday
8:30AM–5PM
Tuesday
8:30AM–5PM

Domain Info

Created Date

1996-09-13

Mailing Address

Company Name

Contact Data

Feedback about First Farmers & Merchants Bank?

Here you read the feedback of our clients.

I borrowed $300 for several days. When the loan was returned, they applied a great commissions, I had to pay almost $400.

Miss Casandra Johns

I contacted First Farmers & Merchants Bank 3 times. First, a text indicating "application approved", then "sign the agreement." After signing: You will be deposited the money. And instead of money, excuse me, contact the company in a month. Why?

Rosario Koelpin

Disappointed! Was refused to issue $1,000. Only $400 was approved.

Mervin Nienow

Sky-scraper interest rate. When paying off a payday loan, some other interest is credited, when registering online on the site, many problems arise. In general, I do not recommend it. Better find another service.

Trent Steuber

I contacted First Farmers & Merchants Bank 3 times. First, a text saying "application approved", then "sign the agreement." After signing: You will receive the money. And instead of money, excuse me, contact the company in a month. Why?

Clement Vandervort Sr.

Pay Attention

Further there will be presented the details about not a definite lender. The information below will tell about common information about payday loans and its specific features.

Payday Loans in Red Wing, Minnesota

Payday loans are a kind of loans issued by payday lender to individuals for a short period of time - usually several weeks. It is issued a small amount: $100-$1,000.

Such financial products as payday loan in Red Wing, Minnesota is issued easily and quickly for a short term: 2-3 weeks. The interest rates are set on an individual basis depending on the personal data: the more payday loans you pay back off, the more favorable rates you will recieve.

APR

200%*

Max Loan

$350

Min Term

Not Specified

Max Term

30 days

How will First Farmers & Merchants Bank help take out a payday loan in Red Wing, Minnesota?

  • 24/7 operation. Such Internet services allow you to deposit funds at any time. Money are taken out day and night. The deposit will be sent to a bank account, so a personal visit to the store is not necessary.
  • No paperwork. The list of required documents is minimal. In most cases, an ID is sufficient. You do not need to send a certificate of income.
  • Online application. The application is filled in and considered much faster than in banks. Money is credited in a mtter of 24 hours after receiving approval.
  • High approval rate. When it comes to small amounts, a positive decision 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 bad credit does not guarantee rejection.

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

To leave an application, every borrower should enter the following data:

Loan Amount, Loan Purpose, Email Address
First Name, Last Name, Date Of Birth, Primary Phone Number, Driver's License Number, Your SSN
Zip Code, Street Address
How often do you get paid?, Next Paydate, Type of Account, How do you get paid?
Your Income Source, Are you in the military?, Your Employer Name, Your Monthly Net Income, Your Employer Phone Number
If you have $10,000+ in unsecured debt and would like one of our partners to contact you?, What`s your approximate credit rating?
Select your Bank, Select your Bank’s State, ABA/Routing Number, Account Number

After filling out an application, submit it and recieve the decision.

Why people issue payday loans?

70%

Utility Bills

80%

Healthcare Bills

60%

Traveling

20%

Car Repair

30%

Clothes

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

If you are refused a loan at bank, the reason may be a bad credit history. This is a factor taken into account when deciding to take out a loan. Microfinance organizations do not consider this factor the only one to take out a loan in Red Wing, Minnesota. The lending company will estimate many points to qualify such as solvency. Payday loans will be a source to improve your bad credit rating into a favorable one.

The following general points will be assessed 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.

Rate Your Credit Score

Low Rate

300

Lower than Average

579

  • No way to issue a loan
  • No ability to rent a room
Average Rate

670

High Rate

739

  • 80% of loan approval
  • Apply for all loan types
Great Score

740

Perfect Score

799

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

Rate your APR

If you are going to take out a payday loan, you should calculate its real cost. This calculator will show the APR of the loan.

APR Calculator

Other Payday Lenders in Red Wing, Minnesota

Advanced Disposal - St Cloud

2355 12th St SE, St Cloud, MN 56304, USA

+1 (320) 251-6330

www.advanceddisposal.com

Security Savings Bank

116 Co Rd 6, Hills, MN 56138, USA

+1 (507) 962-3250

bankwithssb.com

Wings Financial Credit Union

574 Prairie Center Dr, Eden Prairie, MN 55344, USA

+1 (952) 997-8000

www.wingsfinancial.com

BankCherokee

607 Smith Ave S, St Paul, MN 55107, USA

+1 (651) 227-7071

www.bankcherokee.com

Edward Jones - Financial Advisor: Shane Jaeger, AAMS®

501 NW 3rd Ave, Grand Rapids, MN 55744, USA

+1 (218) 327-0190

www.edwardjones.com

Bremer Bank

109 Mantorville Ave S, Kasson, MN 55944, USA

+1 (507) 634-4444

www.bremer.com

Security State Bank of Warroad

502 Lake St NE, Warroad, MN 56763, USA

+1 (218) 386-1818

www.ssbwarroad.com

ATM Affinity Plus Federal Credit Union

600 Robert St N, St Paul, MN 55101, USA

+1 (800) 322-7228

www.affinityplus.org

U.S. Bank Branch

402 1st Ave SW, Rochester, MN 55902, USA

+1 (507) 285-7870

locations.usbank.com

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