Personal loans in Magnolia, MN

Read the disclosure for an origination fee and any prepayment penalty before signing in Magnolia. Roughly 190 residents live in Magnolia, the 656th-largest community in Minnesota. Lenders active in Magnolia report to a Minnesota supervisor, identified in the sourced rows below. The 2020 count to the 2023 estimate shows about 2.6% decline in Magnolia. For a bigger market, look to Luverne, MN about 7 miles away.

Magnolia: the sourced local profile

Set out below is Magnolia's local context next to the state-level rules that reach every lender here.

• Population: 190 residents; Magnolia is the 656th-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: A decline of about 2.6% across the 2020-to-2023 comparison.
• Absolute change: 5 residents lost between 2020 and 2023.
• Size percentile: about 23% of Minnesota communities are smaller than Magnolia (190 residents).
• Population density: 238 people per square mile on 0.8 square miles of land.
• Land area rank: Magnolia's 0.8 square miles rank 591st of 853 places in Minnesota.
• State population share: Magnolia accounts for about 0.0% of everyone in Minnesota.
• National standing: Magnolia ranks 16,625th of 19,457 US places.
• Growth in Minnesota: Magnolia stands 689th by percentage change from 2020 to 2023, among 853 places.
• Against the state trend: Magnolia's 2.6% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Magnolia places 650th among Minnesota's places by people per square mile.
• Against the state median: Magnolia runs about 238 residents per square mile, where the Minnesota median is 607.
• Location: mapped by the US Census Bureau at 43.6441, -96.0753.
• Nearest larger cities: Luverne (7 mi); Adrian (7 mi); Ellsworth (9 mi); Lismore (10 mi); Rushmore (14 mi). Living near a larger metro rarely changes what is available in Magnolia.
• Smaller communities within reach: Kenneth (8 mi); Hardwick (11 mi); Steen (13 mi).
• Smaller neighbours: 24 places smaller than Magnolia sit within 50 miles.
• Within 100 miles: 280 places are larger than Magnolia.

Magnolia on the map

The Census Gazetteer records about 0.8 square miles of land within Magnolia, with no significant water area listed. The resulting density is about 238 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 166 miles away. Counting outward 50 miles, 84 larger communities surround Magnolia. By land area it ranks 591st of 853 Minnesota places.

Lender access in Magnolia

With about 238 residents per square mile, Magnolia is lightly settled, and 84 larger Census places sit within 50 miles. What is available to Magnolia's 190 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Luverne, MN about 7 miles away.

Minnesota consumer-lending rules applied in Magnolia

These are Minnesota's sourced lending facts as they reach Magnolia's 190 residents; the state has no city-level rate rule.

How a Magnolia personal loan is priced

Most loans made to Magnolia's 190 residents are unsecured, so nothing is pledged and the lender relies on your credit history. The APR tracks your credit score rather than Magnolia's rank of 656th 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 Magnolia decides the split between a comfortable payment and the total interest you pay.

Magnolia against the rest of Minnesota

Against Minnesota's other places, Magnolia accounts for about 0.0% of the state's population and ranks 656th of 853 by size. Its 2020-to-2023 change ranks 689th of 853 Minnesota places, putting it near the 19th percentile for growth. By density, at about 238 people per square mile, it ranks 650th in Minnesota. The population moved by about 5 people between 2020 and 2023, a 2.6% shift.