Personal loans in Melrose, IA

About 111 people live in Melrose, placing it 804th of 940 Census places in Iowa. Lenders active in Melrose report to a Iowa supervisor, identified in the sourced rows below. Census figures show Melrose holding steady across 2020 to 2023. The nearest larger metro is Russell, IA about 8 miles away.

Melrose: the sourced local profile

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

• Population: about 111, ranked 804th of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
• Population trend: The 2020-to-2023 change is under a tenth of a percent.
• Size percentile: roughly 14% of Iowa's places have fewer residents than Melrose's 111.
• Population density: 109 people per square mile on 1.0 square miles of land.
• By land area: Melrose ranks 384th among Iowa's 940 places, at 1.0 sq mi.
• State population share: Melrose accounts for about 0.0% of everyone in Iowa.
• National rank: Melrose is 17,938th of 19,457 places nationwide.
• Growth rank: Melrose's 2020-to-2023 change ranks 259th of 940 places in Iowa.
• State comparison: Iowa's places average -0.7% for 2020-to-2023, against Melrose's 0.0%.
• Density rank: Melrose is the 893rd most densely settled place in Iowa.
• Against the state median: Melrose runs about 109 residents per square mile, where the Iowa median is 672.
• Location: 40.9791, -93.0508 (Census Gazetteer coordinates).
• Nearest larger cities: Russell (8 mi); Lovilia (13 mi); Williamson (13 mi); Albia (13 mi); Moravia (13 mi). Living near a larger metro rarely changes what is available in Melrose.
• Smaller places nearby: Marysville (15 mi); Rathbun (15 mi); Plano (15 mi).
• Smaller places within 50 miles: 30 of them.
• At 100 miles: 383 larger Census places fall inside that radius.

A pre-application checklist for Melrose

These steps shape the offer you get in Melrose, a place of about 111 people:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Line up several pre-qualified offers and let the APR decide.
4. Confirm the Iowa licence with the regulator named above before committing.
5. Write down the purpose of the loan and your repayment plan before you apply.
6. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
7. Read the disclosure for an origination fee and any prepayment penalty before signing.

What differs between Melrose and the rest of Iowa is not the process but the borrower's own file, among the 111 people here.

What Iowa law requires in Melrose

These are Iowa's sourced lending facts as they reach Melrose's 111 residents; the state has no city-level rate rule.

Where Melrose sits in Iowa

Within Iowa, Melrose holds roughly 0.0% of all residents, the 804th-largest share among 940 places. For population change between 2020 and 2023, Melrose ranks 259th of 940 in Iowa (about the 72th percentile). At about 109 people per square mile, Melrose is the 893rd most densely settled place in Iowa. The population moved by about 0 people between 2020 and 2023, a 0.0% shift.

What is available to Melrose borrowers

Melrose is a lightly settled community of about 111 people, with 89 larger places inside a 50-mile radius. Whether Melrose has a local branch or not, a Iowa-licensed lender can serve its 111 people online on the same terms. The nearest larger city, Russell, IA about 8 miles away.

The anatomy of a Melrose personal loan

Melrose is a small community of about 111 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. The APR tracks your credit score rather than Melrose's rank of 804th in Iowa: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. A longer term lowers the monthly payment on a Melrose loan but raises total interest, so the smallest payment is not the cheapest loan.