Personal loans in Davenport, ND

At about 254 residents, Davenport is larger than roughly 62% of the places in North Dakota. The 2020 count to the 2023 estimate shows about 0.4% decline in Davenport.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

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.

The first question in Davenport is not the rate on offer but whether the payment fits; about 254 people live here under North Dakota lending law. Lenders active in Davenport report to a North Dakota supervisor, identified in the sourced rows below. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Davenport loan. For a bigger market, look to Kindred, ND about 5 miles away.

Local context for Davenport

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

Steps to take before a Davenport loan

Complete these steps first when you borrow in Davenport (254 residents):

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Test your amount and term in the personal loan calculator first.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Make sure the lender appears in the North Dakota regulator's licence list.
  5. Read the disclosure for an origination fee and any prepayment penalty before signing.
  6. Test the payment against your current bills before you commit.
  7. Weigh a shorter term's higher payment against the interest it saves.

None of these steps is Davenport-specific: the same North Dakota licensing and disclosure rules reach all 254 residents.

How North Dakota law applies in Davenport

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

RuleDetailSource
State lending regulatorNorth Dakota Department of Financial Institutions (NDDFI)
Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters."		North Dakota Department of Financial Institutions
as of 2026-09-16
Usury penalties (state-specific rule)Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor.
Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11).		North Dakota Legislative Branch
as of 2026-09-16
Maximum legal interest rate (usury cap)Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%.
Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%).		North Dakota Department of Financial Institutions
as of 2026-09-16

Borrowing reach in Davenport

With about 934 residents per square mile, Davenport is moderately settled, and 39 larger Census places sit within 50 miles. Distance to a branch rarely matters for Davenport's 254 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Kindred, ND about 5 miles away.

Davenport against the rest of North Dakota

Against North Dakota's other places, Davenport accounts for about 0.0% of the state's population and ranks 136th of 355 by size. For population change between 2020 and 2023, Davenport ranks 97th of 355 in North Dakota (about the 73th percentile). By density, at about 934 people per square mile, it ranks 62nd in North Dakota. Between 2020 and 2023 the count changed by roughly 1 residents.

The anatomy of a Davenport personal loan

A Davenport personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 254 residents. The APR tracks your credit score rather than Davenport's rank of 136th in North Dakota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a Davenport loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Compare personal loan offers Run the numbers first

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 Davenport 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 Davenport is the same as anywhere in North Dakota.
What loan size can I expect in Davenport?
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 Davenport?
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 Davenport 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.

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