Personal loans in Melvin, IA

From the 2020 Census base to the 2023 estimate, the population declined by about 3.0%. Consumer lending that reaches Melvin's 196 residents is governed by Iowa statute; no city ordinance changes it. Work out your debt-to-income ratio first; lenders weigh it heavily, and Melvin's 196 residents are no exception. For a bigger market, look to Sanborn, IA about 8 miles away.

Melvin by the numbers

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

• Population: an estimated 196 residents, 671st of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
• Population trend: A decline of about 3.0% across the 2020-to-2023 comparison.
• Absolute change: 6 residents lost between 2020 and 2023.
• Size percentile: about 29% of Iowa's Census places are smaller than Melvin.
• Population density: about 1,210 people per square mile across 0.2 square miles of land (Census Gazetteer area, Vintage 2023 population).
• By land area: Melvin ranks 886th among Iowa's 940 places, at 0.2 sq mi.
• State population share: Melvin accounts for about 0.0% of everyone in Iowa.
• National standing: Melvin ranks 16,554th of 19,457 US places.
• Growth rank: Melvin ranks 807th among Iowa's 940 places for the 2020-to-2023 change.
• State comparison: Iowa's places average -0.7% for 2020-to-2023, against Melvin's 3.0%.
• Density in Iowa: Melvin ranks 159th by people per square mile.
• Density in context: Melvin's 1,210 people per square mile sit against a Iowa median of 672.
• Location: latitude 43.2865, longitude -95.6086 (Census Gazetteer).
• Nearest larger cities: Sanborn (8 mi); Ashton (9 mi); Ocheyedan (10 mi); Hartley (10 mi); Sibley (10 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
• Nearest smaller towns: Archer (14 mi); Harris (14 mi); Matlock (17 mi) — useful context for the surrounding area.
• Within a 50-mile radius: 34 smaller Census places.
• Larger places within 100 miles: 317.

The state rulebook for Melvin

This table holds the Iowa rate and licensing rules for consumer loans made to Melvin's 196 residents.

What is available to Melvin borrowers

Melvin is a moderately settled community of about 196 people, with 85 larger places inside a 50-mile radius. What is available to Melvin's 196 borrowers is set by Iowa licensing and your own credit, not by how many branches are nearby. The nearest bigger place is Sanborn, IA about 8 miles away.

Where Melvin sits in Iowa

Among Iowa's 940 places, Melvin sits at 671st for population, a share of roughly 0.0% of the state. On the 2020-to-2023 trend, Melvin stands 807th among Iowa's 940 places — roughly the 14th percentile. At about 1,210 people per square mile, Melvin is the 159th most densely settled place in Iowa. Between 2020 and 2023 the count changed by roughly 6 residents.

Melvin: area, density and distance

The Census Gazetteer records about 0.2 square miles of land within Melvin, with no significant water area listed. That land carries about 1,210 people per square mile. The largest place in Iowa, Des Moines, lies about 156 miles away. A 50-mile radius around Melvin takes in 85 places that are larger. By land area it ranks 886th of 940 Iowa places.

What a Melvin borrower is actually offered

A Melvin personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 196 residents. A lender serving Melvin's 196 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Melvin loan raises the monthly payment but cuts the interest; lengthening it does the reverse.