Personal loans in Corcoran, MN
Two households in Corcoran with comparable incomes can still be offered different rates; the city's 7,719 residents are not the reason. About 7,719 people live in Corcoran, placing it 122nd of 853 Census places in Minnesota.
From the 2020 Census base to the 2023 estimate, the population rose by about 24.8%. Price two or three terms so you can see which payment is truly affordable in Corcoran. The next larger city is Rogers, MN about 5 miles away. Rate ceilings, licensing requirements and product limits for Corcoran are all set at the Minnesota level.
Where Corcoran stands
Corcoran is a small town; the notes below cover its population profile and the statewide rules that apply.
- Population: 7,719 residents; Corcoran is the 122nd-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
- Population trend: Roughly 24.8% more residents than the 2020 Census counted.
- Net change: roughly 1,534 more people than the 2020 Census counted.
- Size percentile: Corcoran's 7,719 people outrank roughly 86% of the places in Minnesota.
- Population density: about 216 people per square mile (Census land area 35.8 sq mi).
- Land area rank: Corcoran's 35.8 square miles rank 16th of 853 places in Minnesota.
- Water area: Corcoran has 0.28 square miles of water, ranking 166th of 853 places in Minnesota.
- Within Minnesota: about 0.2% of the state's population lives in Corcoran.
- National rank: Corcoran is the 3,758th most populous of the 19,457 Census places covered here.
- Growth rank: Corcoran ranks 4th among Minnesota's 853 places for the 2020-to-2023 change.
- Versus Minnesota: the state average change is +0.1%, while Corcoran moved 24.8%.
- Density in Minnesota: Corcoran ranks 667th by people per square mile.
- Density in context: Corcoran's 216 people per square mile sit against a Minnesota median of 607.
- Location: the Census Gazetteer records it at 45.1069, -93.5780.
- Nearest larger cities: Rogers (5 mi); Maple Grove (6 mi); Dayton (8 mi); Plymouth (8 mi); St. Michael (8 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Smaller communities within reach: Loretto (5 mi); Medina (5 mi); Hanover (5 mi).
- Smaller neighbours: 129 places smaller than Corcoran sit within 50 miles.
- Within 100 miles: 107 places are larger than Corcoran.
Minnesota rules behind a Corcoran personal loan
Below are the Minnesota rules that apply to a loan made in Corcoran, each with the regulator that issued it.
| 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 |
| Payday lending status | Legal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603) Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis" | Minnesota Department of Commerce 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 |
Corcoran against the rest of Minnesota
Among Minnesota's 853 places, Corcoran sits at 122nd for population, a share of roughly 0.2% of the state. For population change between 2020 and 2023, Corcoran ranks 4th of 853 in Minnesota (about the 100th percentile). At about 216 people per square mile, Corcoran is the 667th most densely settled place in Minnesota. Between 2020 and 2023 the count changed by roughly 1,534 residents.
A pre-application checklist for Corcoran
Complete these steps first when you borrow in Corcoran (7,719 residents):
- Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
- Run the numbers on the personal loan calculator so you know the payment before you apply.
- Collect three or more offers and compare them on APR, not on the advertised rate.
- Confirm the Minnesota licence with the regulator named above before committing.
- Borrow only what the purpose requires, not the maximum you are offered.
- Decide the purpose and how you will repay it before approaching any lender.
- When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
In Corcoran as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 7,719 residents.
Land, water and location for Corcoran
The Census Gazetteer records 35.8 square miles of land and 0.28 square miles of water within Corcoran. Spread across it are roughly 216 residents per square mile. For the state's biggest city, Minneapolis, the distance is roughly 18 miles. Counting outward 50 miles, 91 larger communities surround Corcoran. By land area it ranks 16th of 853 Minnesota places.
What is available to Corcoran borrowers
Corcoran is lightly settled, with about 216 people per square mile and 91 larger places within 50 miles. Lenders licensed in Minnesota reach Corcoran's 7,719 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Rogers, MN about 5 miles away.
Common questions
What are my options in Corcoran if my credit is poor?
What loan size can I expect in Corcoran?
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Does comparing loans in Corcoran cost me credit score points?
Nearby places
- Medina, MN — population 7,039
- Rogers, MN — population 13,617
- Loretto, MN — population 608
- Hanover, MN — population 3,977
- Greenfield, MN — population 2,865
- Maple Grove, MN — population 71,288
- Long Lake, MN — population 1,923
- Maple Plain, MN — population 1,646