Personal loans in Cosmos, MN

The closest larger city is Hector, MN about 13 miles away. Census figures put the 2020-to-2023 decrease in Cosmos at about 2.5%. To lend to Cosmos's 499 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. Verify the lender's Minnesota licence against the regulator named below before borrowing in Cosmos.

Cosmos by the numbers

The figures below are Cosmos's own — Census population, land area and coordinates — followed by the Minnesota rules.

• Population: the Census counts 499 residents in Cosmos (Vintage 2023 subcounty estimate), the 493rd-largest figure among Minnesota's 853 places.
• Population trend: Down about 2.5% from the 2020 Census base to the 2023 estimate.
• People gained or lost: about 13 fewer since the 2020 base.
• Size percentile: Cosmos sits ahead of around 42% of Minnesota places, at 499 people.
• Population density: about 511 people per square mile (Census land area 1.0 sq mi).
• Land area: Cosmos covers 1.0 square miles, the 540th-largest area among Minnesota's 853 places.
• Water: Cosmos holds about 0.02 square miles, the 337th-largest water area in Minnesota.
• Share of state population: Cosmos's 499 residents are about 0.0% of Minnesota.
• National rank: Cosmos sits 13,176th by population among the 19,457 places in this dataset.
• Growth rank: Cosmos ranks 682nd among Minnesota's 853 places for the 2020-to-2023 change.
• Versus Minnesota: the state average change is +0.1%, while Cosmos moved 2.5%.
• Density rank: Cosmos places 468th among Minnesota's places by people per square mile.
• Against the state median: Cosmos runs about 511 residents per square mile, where the Minnesota median is 607.
• Location: 44.9359, -94.6954 (Census Gazetteer coordinates).
• Nearest larger cities: Hector (13 mi); Buffalo Lake (14 mi); Atwater (14 mi); Grove City (15 mi); Litchfield (15 mi). Online lenders reach Cosmos no matter how far the nearest branch is.
• Nearest smaller places: Cedar Mills (9 mi); Lake Lillian (9 mi); Blomkest (16 mi).
• Within a 50-mile radius: 40 smaller Census places.
• At 100 miles: 326 larger Census places fall inside that radius.

The anatomy of a Cosmos personal loan

In Cosmos, a small community of about 499, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Cosmos lender to disclose the APR and finance charge before you sign. A longer term lowers the monthly payment on a Cosmos loan but raises total interest, so the smallest payment is not the cheapest loan.

Cosmos in state context

Among Minnesota's 853 places, Cosmos sits at 493rd for population, a share of roughly 0.0% of the state. On the 2020-to-2023 trend, Cosmos stands 682nd among Minnesota's 853 places — roughly the 20th percentile. Its roughly 511 residents per square mile place it 468th among Minnesota's places. The population moved by about 13 people between 2020 and 2023, a 2.5% shift.

The Minnesota lending rules that reach Cosmos

Below are the Minnesota rules that apply to a loan made in Cosmos, each with the regulator that issued it.

Land, water and location for Cosmos

Cosmos covers about 1.0 square miles of land, with 0.02 square miles of water inside its boundaries (Census Gazetteer). That land carries about 511 people per square mile. The largest place in Minnesota, Minneapolis, lies about 70 miles away. Counting outward 50 miles, 74 larger communities surround Cosmos. Within the same 50 miles lie 40 smaller Census places.

A practical checklist for Cosmos borrowers

Before you apply in Cosmos, a community of about 499, work through these steps:

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. Get several pre-qualifications and compare APR side by side before choosing.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
6. Look for an origination fee or prepayment penalty in the written disclosure.
7. Check that the monthly payment fits your budget next to your existing obligations.

The process is identical across Minnesota; what changes is your credit file, not the fact that Cosmos holds 499 people.