Personal loans in Balaton, MN

Balaton shed about 1.5% of its population between the 2020 base and the 2023 estimate. Verify the lender's Minnesota licence against the regulator named below before borrowing in Balaton. For the 583 people in Balaton, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. The closest larger city is Tracy, MN about 12 miles away.

Where Balaton stands

Balaton is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: about 583 people live here, which puts Balaton 457th of 853 Census places in Minnesota (Vintage 2023).
• Population trend: About 1.5% below the 2020 Census base.
• Change in people: the 2020-to-2023 comparison is a loss of about 9 residents.
• Size percentile: about 46% of Minnesota communities are smaller than Balaton (583 residents).
• Population density: about 402 people per square mile (Census land area 1.5 sq mi).
• Land area: Balaton covers 1.5 square miles, the 403rd-largest area among Minnesota's 853 places.
• Water area: Balaton has 0.13 square miles of water, ranking 225th of 853 places in Minnesota.
• State population share: Balaton accounts for about 0.0% of everyone in Minnesota.
• National rank: Balaton is 12,551st of 19,457 places nationwide.
• Growth rank: Balaton ranks 557th among Minnesota's 853 places for the 2020-to-2023 change.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Balaton's 1.5%.
• Density rank: Balaton is the 543rd most densely settled place in Minnesota.
• Density vs Minnesota: Balaton's 402 people per square mile compare with a state median of 607.
• Location: it lies at 44.2329, -95.8711 in the Census Gazetteer.
• Nearest larger cities: Tracy (12 mi); Tyler (13 mi); Marshall (15 mi); Slayton (18 mi); Walnut Grove (20 mi). A branch is convenient; it is not what sets your APR.
• Nearest smaller towns: Garvin (6 mi); Russell (7 mi); Florence (9 mi) — useful context for the surrounding area.
• Smaller places within 50 miles: 67 of them.
• Larger places within 100 miles: 166.

Balaton against the rest of Minnesota

Set beside Minnesota's 853 places, Balaton ranks 457th by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 557th of 853 Minnesota places, putting it near the 35th percentile for growth. By density, at about 402 people per square mile, it ranks 543rd in Minnesota. By land area, its 1.5 square miles rank 403rd of 853 places in Minnesota.

Minnesota rules behind a Balaton personal loan

Below are the Minnesota rules that apply to a loan made in Balaton, each with the regulator that issued it.

The Balaton borrowing checklist

A sensible order of operations for a loan in Balaton, home to about 583 people:

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
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. Check the Minnesota regulator's records to confirm the lender is licensed here.
5. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
6. Look for an origination fee or prepayment penalty in the written disclosure.
7. Check that the monthly payment fits your budget next to your existing obligations.

In Balaton as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 583 residents.

Lender access in Balaton

At roughly 402 people per square mile, Balaton is lightly settled; 34 larger places lie within 50 miles. Whether Balaton has a local branch or not, a Minnesota-licensed lender can serve its 583 people online on the same terms. The nearest bigger place is Tracy, MN about 12 miles away.

Balaton on the map

Balaton covers about 1.5 square miles of land, with 0.13 square miles of water inside its boundaries (Census Gazetteer). Spread across it are roughly 402 residents per square mile. Minneapolis, the largest place in Minnesota, is about 138 miles from Balaton. A 50-mile radius around Balaton takes in 34 places that are larger. By land area it ranks 403rd of 853 Minnesota places.