Personal loans in Deer River, MN

Deer River shed about 1.0% of its population between the 2020 base and the 2023 estimate. For a community of about 906, the practical step is to compare APR across at least three lenders before committing. The nearest larger metro is Cohasset, MN about 9 miles away. Consumer lending that reaches Deer River's 906 residents is governed by Minnesota statute; no city ordinance changes it.

Borrowing in Deer River: the local picture

Most of what governs a Deer River loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.

• Population: about 906 people live here, which puts Deer River 372nd of 853 Census places in Minnesota (Vintage 2023).
• Population trend: Roughly 1.0% fewer residents than the 2020 Census counted.
• People gained or lost: about 9 fewer since the 2020 base.
• Size percentile: about 56% of Minnesota communities are smaller than Deer River (906 residents).
• Population density: 597 people per square mile on 1.5 square miles of land.
• Land area: Deer River covers 1.5 square miles, the 383rd-largest area among Minnesota's 853 places.
• State share: roughly 0.0% of Minnesota's residents live in Deer River (906 people).
• National rank: Deer River is the 10,666th most populous of the 19,457 Census places covered here.
• Growth rank: Deer River's 2020-to-2023 change ranks 468th of 853 places in Minnesota.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Deer River's 1.0%.
• Density rank: Deer River places 433rd among Minnesota's places by people per square mile.
• Density in context: Deer River's 597 people per square mile sit against a Minnesota median of 607.
• Location: coordinates 47.3392, -93.7928 (US Census Bureau Gazetteer).
• Nearest larger cities: Cohasset (9 mi); Grand Rapids (14 mi); Coleraine (17 mi); Nashwauk (29 mi); Keewatin (33 mi). For most borrowers the comparison happens online, not at a branch.
• Smaller towns nearby: Zemple (1 mi); La Prairie (16 mi); Bovey (18 mi).
• Smaller neighbours: 32 places smaller than Deer River sit within 50 miles.
• At 100 miles: 52 larger Census places fall inside that radius.

Deer River on the map

Inside Deer River's boundaries lie about 1.5 square miles of land, with no significant water area recorded. The resulting density is about 597 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 166 miles. Counting outward 50 miles, 10 larger communities surround Deer River. The 100-mile radius contains 52 larger places.

Borrowing reach in Deer River

At roughly 597 people per square mile, Deer River is moderately settled; 10 larger places lie within 50 miles. Whether Deer River has a local branch or not, a Minnesota-licensed lender can serve its 906 people online on the same terms. The nearest bigger place is Cohasset, MN about 9 miles away.

Deer River's place among Minnesota's 853 places

Set beside Minnesota's 853 places, Deer River ranks 372nd by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Deer River stands 468th among Minnesota's 853 places — roughly the 45th percentile. By density, at about 597 people per square mile, it ranks 433rd in Minnesota. Within 50 miles sit 32 smaller Census places, alongside the 10 that are larger.

What to do before borrowing in Deer River

For Deer River's roughly 906 residents, these are the steps that most influence the offer:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Line up several pre-qualified offers and let the APR decide.
4. Make sure the lender appears in the Minnesota regulator's licence list.
5. Check the disclosure for fees that raise the true cost above the quoted rate.
6. Check that the monthly payment fits your budget next to your existing obligations.
7. Weigh a shorter term's higher payment against the interest it saves.

What differs between Deer River and the rest of Minnesota is not the process but the borrower's own file, among the 906 people here.

Minnesota rules behind a Deer River personal loan

Minnesota has no separate rate rule for Deer River; the sourced rows below are what reach every lender that serves its 906 people.