Personal loans in Loma, ND

Personal loans in Loma are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 8 population. Loma ranks 351st of 355 places in North Dakota, with a population near 8.

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.

Loma's population was effectively unchanged from the 2020 count to the 2023 estimate. Verify the lender's North Dakota licence against the regulator named below before borrowing in Loma. For a bigger market, look to Nekoma, ND about 8 miles away. Rate ceilings, licensing requirements and product limits for Loma are all set at the North Dakota level.

The Loma data picture

Here is the sourced Census picture for Loma, plus the North Dakota lending rules that apply to a loan taken out here.

Loma against the rest of North Dakota

Set beside North Dakota's 355 places, Loma ranks 351st by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Loma ranks 85th of 355 in North Dakota (about the 76th percentile). Its roughly 0 residents per square mile place it 355th among North Dakota's places. The population moved by about 0 people between 2020 and 2023, a 0.0% shift.

Inside a Loma personal loan

Loma is a small community of about 8 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Loma loan: the APR, which includes fees, and the term, which decides how long you keep paying. The term you choose in Loma decides the split between a comfortable payment and the total interest you pay.

Getting a loan in Loma

Lenders licensed in North Dakota reach Loma's 8 residents online, so the nearest branch is not what sets your APR. Whether Loma has a local branch or not, a North Dakota-licensed lender can serve its 8 people online on the same terms. For a larger market, the closest option is Nekoma, ND about 8 miles away.

North Dakota consumer-lending rules applied in Loma

The rows below set out what a licensed lender must follow in North Dakota, and so for Loma's roughly 8 residents.

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
Payday lending statusLegal for licensed deferred presentment service providers; fee capped at 20% of amount advanced; max $500 per transaction; $600 aggregate outstanding per customer.
Source says: "A licensee may charge a fee for the deferred presentment service, not to exceed twenty percent of the amount paid to the customer" (N.D.C.C. 13-08-12); "may not disburse more than five hundred dollars to the customer in a deferred presentment service transaction" (13-08-12.3).		North Dakota Legislative Branch
as of 2026-09-16
Small-loan / installment lender licensingMoney broker license required to engage in money brokering (arranging/providing loans); issued by the commissioner of financial institutions.
Source says: "may not engage in money brokering in the state of North Dakota without a money broker license issued by the commissioner" (N.D.C.C. 13-04.1-02).		North Dakota Legislative Branch
as of 2026-09-16

Steps to take before a Loma loan

Complete these steps first when you borrow in Loma (8 residents):

  1. Get your credit reports, dispute what is wrong, and only then start shopping.
  2. Test your amount and term in the personal loan calculator first.
  3. Get several pre-qualifications and compare APR side by side before choosing.
  4. Verify the lender's North Dakota licence with the regulator listed on this page.
  5. Weigh a shorter term's higher payment against the interest it saves.
  6. Borrow only what the purpose requires, not the maximum you are offered.
  7. Be clear on what the loan is for and how it gets repaid.

The process is identical across North Dakota; what changes is your credit file, not the fact that Loma holds 8 people.

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