Personal loans in Mentor, MN

For a borrower among the roughly 101 residents of Mentor, a personal loan is a tool whose cost turns on the terms, not the address. A single loan can carry different costs on either side of a state line, and Mentor sits on the Minnesota side of that line. Decide the purpose of the loan and your repayment plan before sharing any details with a Mentor lender. The closest larger city is Erskine, MN about 6 miles away.

Mentor: population, trend and location

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

• Population: about 101, ranked 754th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: Lower by roughly 3.8% since the 2020 count.
• Change in people: the 2020-to-2023 comparison is a loss of about 4 residents.
• Size percentile: with 101 residents, Mentor is larger than about 12% of Minnesota's Census places.
• Population density: about 53 people per square mile across 1.9 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area rank: Mentor's 1.9 square miles rank 338th of 853 places in Minnesota.
• Share of state population: Mentor's 101 residents are about 0.0% of Minnesota.
• National rank: Mentor is 18,106th of 19,457 places nationwide.
• Growth rank: Mentor's 2020-to-2023 change ranks 807th of 853 places in Minnesota.
• Against the state trend: Mentor's 3.8% change compares with a Minnesota average of +0.1% across its 853 places.
• Density in Minnesota: Mentor ranks 821st by people per square mile.
• Against the state median: Mentor runs about 53 residents per square mile, where the Minnesota median is 607.
• Location: 47.6967 / -96.1440, per the US Census Bureau Gazetteer.
• Nearest larger cities: Erskine (6 mi); Brooks (11 mi); McIntosh (13 mi); Fertile (13 mi); Winger (13 mi). For most borrowers the comparison happens online, not at a branch.
• Smaller towns nearby: Bejou (19 mi); Beltrami (21 mi); Trail (22 mi).
• Smaller neighbours: 11 places smaller than Mentor sit within 50 miles.
• At 100 miles: 156 larger Census places fall inside that radius.

Lender access in Mentor

Mentor is a sparsely settled community of about 101 people, with 41 larger places inside a 50-mile radius. What is available to Mentor's 101 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. The nearest larger city, Erskine, MN about 6 miles away.

Which Minnesota laws govern a loan in Mentor

This table holds the Minnesota rate and licensing rules for consumer loans made to Mentor's 101 residents.

Before you apply in Mentor

Before you hand your details to a lender in Mentor, where the population is near 101:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Shop at least three lenders and judge them on APR and total cost.
4. Confirm the lender holds a Minnesota licence by checking the regulator named above.
5. Decide the purpose and how you will repay it before approaching any lender.
6. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
7. Check the disclosure for fees that raise the true cost above the quoted rate.

What differs between Mentor and the rest of Minnesota is not the process but the borrower's own file, among the 101 people here.

Mentor's place among Minnesota's 853 places

Against Minnesota's other places, Mentor accounts for about 0.0% of the state's population and ranks 754th of 853 by size. For population change between 2020 and 2023, Mentor ranks 807th of 853 in Minnesota (about the 5th percentile). By density, at about 53 people per square mile, it ranks 821st in Minnesota. The population moved by about 4 people between 2020 and 2023, a 3.8% shift.

What shapes a Mentor personal loan

A Mentor personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 101 residents. Two numbers drive a Mentor loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Mentor loan is knowable in advance — unlike a revolving card balance.