Personal loans in Emily, MN

Emily is one of 853 Census places in Minnesota; its 863 residents put it at 376th. Emily is a small community in Minnesota, with an estimated 863 residents, and every licensed lender here follows the same state rulebook.

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.

Rate-shopping from Emily costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Which products a lender may offer to Emily's 863 residents follows from the Minnesota consumer-lending framework. The 2020 count to the 2023 estimate shows about 2.3% growth in Emily. The nearest larger metro is Crosslake, MN about 9 miles away.

Emily by the numbers

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

Emily: area, density and distance

The Census Gazetteer records 30.0 square miles of land and 6.08 square miles of water within Emily. With 863 residents, the land area yields roughly 29 people per square mile. The largest place in Minnesota, Minneapolis, lies about 129 miles away. A 50-mile radius around Emily takes in 17 places that are larger. By land area it ranks 40th of 853 Minnesota places.

Borrowing reach in Emily

With about 29 residents per square mile, Emily is sparsely settled, and 17 larger Census places sit within 50 miles. Whether Emily has a local branch or not, a Minnesota-licensed lender can serve its 863 people online on the same terms. For a larger market, the closest option is Crosslake, MN about 9 miles away.

Minnesota rules behind a Emily personal loan

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

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
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
Small-loan / installment lender licensingRegulated 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

How a Emily personal loan is priced

In Emily, a small community of about 863, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The APR tracks your credit score rather than Emily's rank of 376th in Minnesota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. The term you choose in Emily decides the split between a comfortable payment and the total interest you pay.

Emily's place among Minnesota's 853 places

Emily is the 376th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Emily ranks 160th of 853 in Minnesota (about the 81th percentile). Its roughly 29 residents per square mile place it 841st among Minnesota's places. In land area, Emily ranks 40th among Minnesota's 853 places.

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