Personal loans in Mercer, ND

A 2020-to-2023 comparison shows Mercer up by about 40.4%. Read the disclosure for an origination fee and any prepayment penalty before signing in Mercer. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Mercer's 125 residents. For a bigger market, look to Turtle Lake, ND about 9 miles away.

Local context for Mercer

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

• Population: about 125, ranked 197th of 355 places in North Dakota (Census Vintage 2023 subcounty estimate).
• Population trend: Roughly 40.4% more residents than the 2020 Census counted.
• Change in people: the 2020-to-2023 comparison is a gain of about 36 residents.
• Size percentile: roughly 45% of North Dakota's places have fewer residents than Mercer's 125.
• Population density: about 563 people per square mile across 0.2 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area rank: Mercer's 0.2 square miles rank 299th of 355 places in North Dakota.
• State share: roughly 0.0% of North Dakota's residents live in Mercer (125 people).
• National rank: Mercer sits 17,688th by population among the 19,457 places in this dataset.
• Growth in North Dakota: Mercer stands 2nd by percentage change from 2020 to 2023, among 355 places.
• Against the state trend: Mercer's 40.4% change compares with a North Dakota average of -1.2% across its 355 places.
• Density in North Dakota: Mercer ranks 122nd by people per square mile.
• Against the state median: Mercer runs about 563 residents per square mile, where the North Dakota median is 352.
• Location: 47.4906, -100.7111 (Census Gazetteer coordinates).
• Nearest larger cities: Turtle Lake (9 mi); McClusky (13 mi); Washburn (20 mi); Underwood (20 mi); Wilton (23 mi). Online lenders reach Mercer no matter how far the nearest branch is.
• Nearest smaller towns: Butte (24 mi); Coleharbor (24 mi); Regan (25 mi) — useful context for the surrounding area.
• Smaller neighbours: 16 places smaller than Mercer sit within 50 miles.
• At 100 miles: 81 larger Census places fall inside that radius.

What to do before borrowing in Mercer

Complete these steps first when you borrow in Mercer (125 residents):

1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
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. Verify the lender's North Dakota licence with the regulator listed on this page.
5. Be clear on what the loan is for and how it gets repaid.
6. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
7. Check the disclosure for fees that raise the true cost above the quoted rate.

None of these steps is Mercer-specific: the same North Dakota licensing and disclosure rules reach all 125 residents.

The geography behind Mercer

Mercer's land area is roughly 0.2 square miles, and the Gazetteer records no significant water area within it. With 125 residents, the land area yields roughly 563 people per square mile. The state's population centre of gravity, Fargo, is roughly 187 miles away. Counting outward 50 miles, 22 larger communities surround Mercer. By land area it ranks 299th of 355 North Dakota places.

What is available to Mercer borrowers

With about 563 residents per square mile, Mercer is moderately settled, and 22 larger Census places sit within 50 miles. Distance to a branch rarely matters for Mercer's 125 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Turtle Lake, ND about 9 miles away.

How personal loans work in Mercer

Mercer is a small community of about 125 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Mercer loan: the APR, which includes fees, and the term, which decides how long you keep paying. Shortening the term on a Mercer loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

The North Dakota lending rules that reach Mercer

Every row below records a North Dakota rule, its publisher and its retrieval date — the same rules a Mercer lender must follow.