Personal loans in Albert Lea, MN

Census figures put the 2020-to-2023 decrease in Albert Lea at about 1.2%. Price two or three terms so you can see which payment is truly affordable in Albert Lea. A larger market lies at Austin, MN about 19 miles away. Consumer lending that reaches Albert Lea's 18,269 residents is governed by Minnesota statute; no city ordinance changes it.

Albert Lea: population, trend and location

The figures below are Albert Lea's own — Census population, land area and coordinates — followed by the Minnesota rules.

• Population: 18,269 residents; Albert Lea is the 65th-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: A drop of about 1.2% from 2020 to 2023.
• People gained or lost: about 226 fewer since the 2020 base.
• Size percentile: Albert Lea sits ahead of around 92% of Minnesota places, at 18,269 people.
• Density: roughly 1,375 residents per square mile, spread over 13.3 sq mi of land.
• By land area: Albert Lea ranks 96th among Minnesota's 853 places, at 13.3 sq mi.
• Water: Albert Lea holds about 1.85 square miles, the 49th-largest water area in Minnesota.
• Share of Minnesota: Albert Lea holds about 0.4% of the state's population, some 18,269 people.
• National rank: Albert Lea is the 2,035th most populous of the 19,457 Census places covered here.
• Growth rank: Albert Lea's 2020-to-2023 change ranks 508th of 853 places in Minnesota.
• Against the state trend: Albert Lea's 1.2% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Albert Lea is the 165th most densely settled place in Minnesota.
• Density in context: Albert Lea's 1,375 people per square mile sit against a Minnesota median of 607.
• Location: it lies at 43.6543, -93.3641 in the Census Gazetteer.
• Nearest larger cities: Austin (19 mi); Owatonna (31 mi); Mason City (36 mi); Faribault (45 mi); Mankato (47 mi). A branch is convenient; it is not what sets your APR.
• Smaller communities within reach: Hayward (6 mi); Manchester (7 mi); Glenville (7 mi).
• Smaller neighbours: 113 places smaller than Albert Lea sit within 50 miles.
• Larger places within 100 miles: 50.

Which Minnesota laws govern a loan in Albert Lea

Every row below records a Minnesota rule, its publisher and its retrieval date — the same rules a Albert Lea lender must follow.

A practical checklist for Albert Lea borrowers

Before you hand your details to a lender in Albert Lea, where the population is near 18,269:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Shop at least three lenders and judge them on APR and total cost.
4. Confirm the lender holds a Minnesota licence by checking the regulator named above.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Make sure the new payment leaves room in a budget you already keep.
7. Choose a term you can live with; stretching it lowers the payment but raises total interest.

The process is identical across Minnesota; what changes is your credit file, not the fact that Albert Lea holds 18,269 people.

Inside a Albert Lea personal loan

With roughly 18,269 residents, Albert Lea is a small town; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Albert Lea loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Albert Lea loan is knowable in advance — unlike a revolving card balance.

Land, water and location for Albert Lea

Albert Lea's land area is about 13.3 square miles; a further 1.85 square miles is water. The resulting density is about 1,375 people per square mile. The largest place in Minnesota, Minneapolis, lies about 91 miles away. Counting outward 50 miles, 5 larger communities surround Albert Lea. The 100-mile radius contains 50 larger places.

Getting a loan in Albert Lea

With about 1,375 residents per square mile, Albert Lea is moderately settled, and 5 larger Census places sit within 50 miles. Lenders licensed in Minnesota reach Albert Lea's 18,269 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Austin, MN about 19 miles away.