Personal loans in Cyrus, MN

Two households in Cyrus with comparable incomes can still be offered different rates; the city's 308 residents are not the reason. Cyrus is one of 853 Census places in Minnesota; its 308 residents put it at 586th.

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.

Begin with the payment, then weigh APR and total interest across the lenders that reach Cyrus's 308 residents. Population in Cyrus climbed about 1.0% over the three years from 2020 to 2023. Consumer lending that reaches Cyrus's 308 residents is governed by Minnesota statute; no city ordinance changes it. Borrowers who want a bigger city can look to Morris, MN about 8 miles away.

Cyrus by the numbers

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

Getting a loan in Cyrus

With about 1,158 residents per square mile, Cyrus is moderately settled, and 48 larger Census places sit within 50 miles. Whether Cyrus has a local branch or not, a Minnesota-licensed lender can serve its 308 people online on the same terms. The nearest bigger place is Morris, MN about 8 miles away.

Cyrus: area, density and distance

Inside Cyrus's boundaries lie about 0.3 square miles of land, with no significant water area recorded. That land carries about 1,158 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 128 miles away. A 50-mile radius around Cyrus takes in 48 places that are larger. The 100-mile radius contains 203 larger places.

What shapes a Cyrus personal loan

A Cyrus personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 308 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Cyrus. A longer term lowers the monthly payment on a Cyrus loan but raises total interest, so the smallest payment is not the cheapest loan.

Which Minnesota laws govern a loan in Cyrus

These are Minnesota's sourced lending facts as they reach Cyrus's 308 residents; the state has no city-level rate rule.

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
Maximum legal interest rate (usury cap)6% per year legal rate of interest; a different rate may be contracted for in writing (Minn. Stat. § 334.01)
Source says: "The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year"
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16
Payday lending statusLegal 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

How Cyrus compares across Minnesota

Set beside Minnesota's 853 places, Cyrus ranks 586th by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Cyrus stands 242nd among Minnesota's 853 places — roughly the 72th percentile. By density, at about 1,158 people per square mile, it ranks 215th in Minnesota. By land area, its 0.3 square miles rank 789th of 853 places in Minnesota.

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 Cyrus 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 Cyrus is the same as anywhere in Minnesota.
What loan size can I expect in Cyrus?
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 Cyrus?
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 Cyrus 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

Related