Personal loans in Clarkfield, MN
Clarkfield counts about 827 people, and what is genuinely local about borrowing here is limited — Minnesota law does the governing. Compare APR, not the interest rate, because the APR folds in most fees on a Clarkfield loan.
By population, Clarkfield sits at 386th in Minnesota, with an estimated 827 residents. A single loan can carry different costs on either side of a state line, and Clarkfield sits on the Minnesota side of that line. From the 2020 Census base to the 2023 estimate, the population declined by about 1.3%. The closest larger place is Montevideo, MN about 12 miles away.
Borrowing in Clarkfield: the local picture
Most of what governs a Clarkfield loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.
- Population: the Census counts 827 residents in Clarkfield (Vintage 2023 subcounty estimate), the 386th-largest figure among Minnesota's 853 places.
- Population trend: Roughly 1.3% fewer residents than the 2020 Census counted.
- People gained or lost: about 11 fewer since the 2020 base.
- Size percentile: bigger than about 55% of the places in Minnesota, with 827 residents in Clarkfield.
- Density: the Census land area of 1.1 sq mi holds about 731 people per square mile.
- By land area: Clarkfield ranks 466th among Minnesota's 853 places, at 1.1 sq mi.
- State population share: Clarkfield accounts for about 0.0% of everyone in Minnesota.
- National rank: Clarkfield sits 11,035th by population among the 19,457 places in this dataset.
- Growth rank: Clarkfield ranks 518th among Minnesota's 853 places for the 2020-to-2023 change.
- Against the state trend: Clarkfield's 1.3% change compares with a Minnesota average of +0.1% across its 853 places.
- Density rank: Clarkfield is the 379th most densely settled place in Minnesota.
- Density in context: Clarkfield's 731 people per square mile sit against a Minnesota median of 607.
- Location: the Census Gazetteer records it at 44.7903, -95.8076.
- Nearest larger cities: Montevideo (12 mi); Granite Falls (13 mi); Cottonwood (14 mi); Dawson (15 mi); Minneota (18 mi). For most borrowers the comparison happens online, not at a branch.
- Smaller towns nearby: Hazel Run (5 mi); Boyd (6 mi); Hanley Falls (11 mi).
- Smaller neighbours: 68 places smaller than Clarkfield sit within 50 miles.
- Within 100 miles: 125 places are larger than Clarkfield.
What a Clarkfield borrower is actually offered
In Clarkfield, a small community of about 827, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. A lender serving Clarkfield's 827 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Clarkfield loan is knowable in advance — unlike a revolving card balance.
How Minnesota law applies in Clarkfield
Minnesota has no separate rate rule for Clarkfield; the sourced rows below are what reach every lender that serves its 827 people.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota 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 licensing | Regulated 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 requirement | Required 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 Clarkfield sits in Minnesota
Among Minnesota's 853 places, Clarkfield sits at 386th for population, a share of roughly 0.0% of the state. Its 2020-to-2023 change ranks 518th of 853 Minnesota places, putting it near the 39th percentile for growth. By density, at about 731 people per square mile, it ranks 379th in Minnesota. The population moved by about 11 people between 2020 and 2023, a 1.3% shift.
How lenders reach Clarkfield
Clarkfield is a moderately settled community of about 827 people, with 21 larger places inside a 50-mile radius. Lenders licensed in Minnesota reach Clarkfield's 827 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Montevideo, MN about 12 miles away.
Land, water and location for Clarkfield
The Census Gazetteer records about 1.1 square miles of land within Clarkfield, with no significant water area listed. Spread across it are roughly 731 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 125 miles away. Clarkfield has 21 larger places within a 50-mile radius. Within the same 50 miles lie 68 smaller Census places.
Common questions
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Nearby places
- Hazel Run, MN — population 54
- Boyd, MN — population 140
- Montevideo, MN — population 5,235
- Hanley Falls, MN — population 242
- Watson, MN — population 174
- Cottonwood, MN — population 1,138
- St. Leo, MN — population 92
- Granite Falls, MN — population 2,685