Personal loans in Lake Wilson, MN

Lake Wilson lost roughly 3.5% of its population across the 2020-to-2023 comparison. Roughly 246 residents live in Lake Wilson, the 617th-largest community in Minnesota.

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 roughly 246 people who live in Lake Wilson borrow under Minnesota rules; city hall sets no personal-loan rate. Decide the purpose of the loan and your repayment plan before sharing any details with a Lake Wilson lender. A lender that serves Lake Wilson operates under Minnesota lending statutes and a Minnesota supervisor. The next larger city is Chandler, MN about 4 miles away.

The Lake Wilson data picture

The figures below are Lake Wilson's own — Census population, land area and coordinates — followed by the Minnesota rules.

Where Lake Wilson sits

Lake Wilson covers about 0.4 square miles of land, with 0.08 square miles of water inside its boundaries (Census Gazetteer). With 246 residents, the land area yields roughly 597 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 148 miles. Counting outward 50 miles, 62 larger communities surround Lake Wilson. The 100-mile radius contains 238 larger places.

A pre-application checklist for Lake Wilson

A sensible order of operations for a loan in Lake Wilson, home to about 246 people:

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Use the loan calculator to test the payment on your intended amount and term.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Check the Minnesota regulator's records to confirm the lender is licensed here.
  5. Choose a term you can live with; stretching it lowers the payment but raises total interest.
  6. Borrow only what the purpose requires, not the maximum you are offered.
  7. Decide the purpose and how you will repay it before approaching any lender.

What differs between Lake Wilson and the rest of Minnesota is not the process but the borrower's own file, among the 246 people here.

What Minnesota law requires in Lake Wilson

Below are the Minnesota rules that apply to a loan made in Lake Wilson, each with the regulator that issued it.

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

Lake Wilson in state context

Set beside Minnesota's 853 places, Lake Wilson ranks 617th by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Lake Wilson stands 788th among Minnesota's 853 places — roughly the 8th percentile. By density, at about 597 people per square mile, it ranks 434th in Minnesota. By land area, its 0.4 square miles rank 729th of 853 places in Minnesota.

Borrowing reach in Lake Wilson

At roughly 597 people per square mile, Lake Wilson is moderately settled; 62 larger places lie within 50 miles. Lenders licensed in Minnesota reach Lake Wilson's 246 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Chandler, MN about 4 miles away.

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