Personal loans in Lake Park, MN

A lender serving Lake Park holds a Minnesota licence and answers to a Minnesota regulator; no city office is involved for its 719 residents. Rate-shopping from Lake Park costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Which products a lender may offer to Lake Park's 719 residents follows from the Minnesota consumer-lending framework. The next larger city is Hawley, MN about 10 miles away.

Lake Park: the sourced local profile

Lake Park is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: about 719 people live here, which puts Lake Park 411th of 853 Census places in Minnesota (Vintage 2023).
• Population trend: A drop of about 1.5% from 2020 to 2023.
• Absolute change: 11 residents lost between 2020 and 2023.
• Size percentile: bigger than about 52% of the places in Minnesota, with 719 residents in Lake Park.
• Density: roughly 735 residents per square mile, spread over 1.0 sq mi of land.
• Land area rank: Lake Park's 1.0 square miles rank 539th of 853 places in Minnesota.
• Within Minnesota: about 0.0% of the state's population lives in Lake Park.
• National rank: Lake Park is 11,671st of 19,457 places nationwide.
• Growth rank: Lake Park ranks 554th among Minnesota's 853 places for the 2020-to-2023 change.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Lake Park's 1.5%.
• Density rank: Lake Park places 374th among Minnesota's places by people per square mile.
• Density vs Minnesota: Lake Park's 735 people per square mile compare with a state median of 607.
• Location: it lies at 46.8837, -96.0980 in the Census Gazetteer.
• Nearest larger cities: Hawley (10 mi); Detroit Lakes (13 mi); Frazee (21 mi); Pelican Rapids (22 mi); Barnesville (22 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Nearest smaller towns: Audubon (6 mi); Hitterdal (10 mi); Callaway (11 mi) — useful context for the surrounding area.
• Within a 50-mile radius: 48 smaller Census places.
• Larger places within 100 miles: 73.

Getting a loan in Lake Park

At roughly 735 people per square mile, Lake Park is moderately settled; 27 larger places lie within 50 miles. Lenders licensed in Minnesota reach Lake Park's 719 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Hawley, MN about 10 miles away.

What shapes a Lake Park personal loan

A Lake Park personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 719 residents. A lender serving Lake Park's 719 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Lake Park loan is knowable in advance — unlike a revolving card balance.

How Lake Park compares across Minnesota

Set beside Minnesota's 853 places, Lake Park ranks 411th by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Lake Park ranks 554th of 853 in Minnesota (about the 35th percentile). At about 735 people per square mile, Lake Park is the 374th most densely settled place in Minnesota. Within 50 miles sit 48 smaller Census places, alongside the 27 that are larger.

The state rulebook for Lake Park

The rows below set out what a licensed lender must follow in Minnesota, and so for Lake Park's roughly 719 residents.

The geography behind Lake Park

Lake Park covers about 1.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 735 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 190 miles away. A 50-mile radius around Lake Park takes in 27 places that are larger. The 100-mile radius contains 73 larger places.