Personal loans in Butterfield, MN

Use the calculator on this page to price an amount and term before you commit in Butterfield. Population in Butterfield dropped about 1.7% over the three years from 2020 to 2023. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Butterfield's 592 residents. The nearest larger city is Mountain Lake, MN about 7 miles away.

Borrowing in Butterfield: the local picture

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

• Population: the Census counts 592 residents in Butterfield (Vintage 2023 subcounty estimate), the 453rd-largest figure among Minnesota's 853 places.
• Population trend: A decline of about 1.7% across the 2020-to-2023 comparison.
• Net change: roughly 10 fewer people than the 2020 Census counted.
• Size percentile: bigger than about 47% of the places in Minnesota, with 592 residents in Butterfield.
• Population density: about 1,462 people per square mile (Census land area 0.4 sq mi).
• Land area: Butterfield covers 0.4 square miles, the 731st-largest area among Minnesota's 853 places.
• Share of Minnesota: Butterfield holds about 0.0% of the state's population, some 592 people.
• Nationally: Butterfield is the 12,483rd-largest of 19,457 Census places in the dataset.
• Growth rank: Butterfield's 2020-to-2023 change ranks 577th of 853 places in Minnesota.
• Versus Minnesota: the state average change is +0.1%, while Butterfield moved 1.7%.
• Density rank: Butterfield places 141st among Minnesota's places by people per square mile.
• Density vs Minnesota: Butterfield's 1,462 people per square mile compare with a state median of 607.
• Location: the Census Gazetteer records it at 43.9587, -94.7941.
• Nearest larger cities: Mountain Lake (7 mi); St. James (9 mi); Trimont (14 mi); Windom (17 mi); Madelia (20 mi). Online lenders reach Butterfield no matter how far the nearest branch is.
• Smaller towns nearby: Odin (7 mi); Darfur (7 mi); Ormsby (9 mi).
• Smaller places within 50 miles: 59 of them.
• Larger places within 100 miles: 244.

Where Butterfield sits

Inside Butterfield's boundaries lie about 0.4 square miles of land, with no significant water area recorded. The resulting density is about 1,462 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 102 miles away. A 50-mile radius around Butterfield takes in 48 places that are larger. The 100-mile radius contains 244 larger places.

The state rulebook for Butterfield

Read the table as a lender's compliance picture for Butterfield: the rule, the sourced figure, the publisher and the date.

Butterfield against the rest of Minnesota

Butterfield is the 453rd-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Butterfield ranks 577th of 853 in Minnesota (about the 32th percentile). At about 1,462 people per square mile, Butterfield is the 141st most densely settled place in Minnesota. By land area, its 0.4 square miles rank 731st of 853 places in Minnesota.

How a Butterfield personal loan is priced

Butterfield is a small community of about 592 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Butterfield loan: the APR, which includes fees, and the term, which decides how long you keep paying. Shortening the term on a Butterfield loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

What to do before borrowing in Butterfield

Complete these steps first when you borrow in Butterfield (592 residents):

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Model the payment on the calculator before a lender models it for you.
3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
4. Make sure the lender appears in the Minnesota regulator's licence list.
5. Write down the purpose of the loan and your repayment plan before you apply.
6. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
7. Check the disclosure for fees that raise the true cost above the quoted rate.

What differs between Butterfield and the rest of Minnesota is not the process but the borrower's own file, among the 592 people here.