Personal loans in Bingham Lake, MN

With roughly 138 residents, Bingham Lake is a small community, and the lending rules its borrowers live under are written in Minnesota, not by the city. To lend to Bingham Lake's 138 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. Use the calculator on this page to price an amount and term before you commit in Bingham Lake. The closest larger city is Windom, MN about 4 miles away.

Local context for Bingham Lake

Read the local figures below as context; read the sourced Minnesota table as the rulebook a lender here must follow.

• Population: about 138, ranked 710th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: Stable from the 2020 base to 2023.
• Size percentile: roughly 17% of Minnesota's places have fewer residents than Bingham Lake's 138.
• Density: the Census land area of 0.8 sq mi holds about 173 people per square mile.
• Land area: Bingham Lake covers 0.8 square miles, the 593rd-largest area among Minnesota's 853 places.
• State population share: Bingham Lake accounts for about 0.0% of everyone in Minnesota.
• National standing: Bingham Lake ranks 17,448th of 19,457 US places.
• Growth in Minnesota: Bingham Lake stands 327th by percentage change from 2020 to 2023, among 853 places.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Bingham Lake's 0.0%.
• Density rank: Bingham Lake is the 697th most densely settled place in Minnesota.
• Against the state median: Bingham Lake runs about 173 residents per square mile, where the Minnesota median is 607.
• Location: the Census Gazetteer records it at 43.9092, -95.0447.
• Nearest larger cities: Windom (4 mi); Mountain Lake (6 mi); Jeffers (13 mi); Butterfield (13 mi); Comfrey (16 mi). Online lenders reach Bingham Lake no matter how far the nearest branch is.
• Smaller places nearby: Wilder (10 mi); Darfur (14 mi); Odin (15 mi).
• Within a 50-mile radius: 22 smaller Census places.
• At 100 miles: 367 larger Census places fall inside that radius.

Bingham Lake on the map

Inside Bingham Lake's boundaries lie about 0.8 square miles of land, with no significant water area recorded. The resulting density is about 173 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 114 miles. Within 50 miles of Bingham Lake there are 80 larger Census places. The 100-mile radius contains 367 larger places.

Lender access in Bingham Lake

Bingham Lake is lightly settled, with about 173 people per square mile and 80 larger places within 50 miles. Distance to a branch rarely matters for Bingham Lake's 138 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Windom, MN about 4 miles away.

The anatomy of a Bingham Lake personal loan

A Bingham Lake personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 138 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Bingham Lake. A longer term lowers the monthly payment on a Bingham Lake loan but raises total interest, so the smallest payment is not the cheapest loan.

The Bingham Lake borrowing checklist

A sensible order of operations for a loan in Bingham Lake, home to about 138 people:

1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Verify the lender's Minnesota licence with the regulator listed on this page.
5. Borrow only what the purpose requires, not the maximum you are offered.
6. Write down the purpose of the loan and your repayment plan before you apply.
7. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

In Bingham Lake as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 138 residents.

Minnesota consumer-lending rules applied in Bingham Lake

These are Minnesota's sourced lending facts as they reach Bingham Lake's 138 residents; the state has no city-level rate rule.