Personal loans in Braham, MN

To lend to Braham's 1,793 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. Braham is home to roughly 1,793 people and stands 276th by size out of 853 Census places in Minnesota.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Braham is a small community of about 1,793 residents, and a personal loan taken out here is governed by Minnesota statute. Census figures put the 2020-to-2023 increase in Braham at about 0.4%. Use the calculator on this page to price an amount and term before you commit in Braham. A larger market lies at Rush City, MN about 10 miles away.

What the Census records for Braham

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

Braham against the rest of Minnesota

Braham is the 276th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Braham ranks 284th of 853 in Minnesota (about the 67th percentile). Its roughly 1,103 residents per square mile place it 235th among Minnesota's places. Within 50 miles sit 51 smaller Census places, alongside the 76 that are larger.

The anatomy of a Braham personal loan

A Braham personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 1,793 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Braham. A longer term lowers the monthly payment on a Braham loan but raises total interest, so the smallest payment is not the cheapest loan.

Minnesota rules behind a Braham personal loan

This table holds the Minnesota rate and licensing rules for consumer loans made to Braham's 1,793 residents.

RuleDetailSource
State lending regulatorMinnesota Department of Commerce (commissioner of commerce)
Source says: ""Commissioner" means the commissioner of commerce"
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16
Small-loan / installment lender licensingRegulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01)
Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money"
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16
Payday ability-to-repay requirementRequired for payday loans with an APR above 36% (Minn. Stat. § 47.603)
Source says: "This section applies to all payday loans with an annual percentage rate that exceeds 36 percent."
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16

Where Braham sits

Inside Braham's boundaries lie about 1.6 square miles of land, with no significant water area recorded. The resulting density is about 1,103 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 53 miles. Braham has 76 larger places within a 50-mile radius. Within the same 50 miles lie 51 smaller Census places.

Lender access in Braham

At roughly 1,103 people per square mile, Braham is moderately settled; 76 larger places lie within 50 miles. Lenders licensed in Minnesota reach Braham's 1,793 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Rush City, MN about 10 miles away.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Braham if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Braham is the same as anywhere in Minnesota.
What loan size can I expect in Braham?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Braham?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Braham cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

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