Personal loans in Milan, MN
Milan is a small community in Minnesota, with an estimated 414 residents, and every licensed lender here follows the same state rulebook. Milan is home to roughly 414 people and stands 526th by size out of 853 Census places in Minnesota.
A 2020-to-2023 comparison shows Milan down by about 3.7%. Rate-shopping from Milan costs nothing at pre-qualification, where a soft pull leaves your credit file alone. The nearest larger metro is Appleton, MN about 8 miles away. Which products a lender may offer to Milan's 414 residents follows from the Minnesota consumer-lending framework.
Milan: the sourced local profile
Here is the sourced Census picture for Milan, plus the Minnesota lending rules that apply to a loan taken out here.
- Population: the Census counts 414 residents in Milan (Vintage 2023 subcounty estimate), the 526th-largest figure among Minnesota's 853 places.
- Population trend: Lower by roughly 3.7% since the 2020 count.
- Change in people: the 2020-to-2023 comparison is a loss of about 16 residents.
- Size percentile: Milan sits ahead of around 38% of Minnesota places, at 414 people.
- Land and density: 0.7 square miles of land carry roughly 607 residents per square mile.
- Land area rank: Milan's 0.7 square miles rank 625th of 853 places in Minnesota.
- Water area: Milan has 0.01 square miles of water, ranking 366th of 853 places in Minnesota.
- Share of Minnesota: Milan holds about 0.0% of the state's population, some 414 people.
- National standing: Milan ranks 13,954th of 19,457 US places.
- Growth rank: Milan ranks 804th among Minnesota's 853 places for the 2020-to-2023 change.
- Versus Minnesota: the state average change is +0.1%, while Milan moved 3.7%.
- Density rank: Milan is the 428th most densely settled place in Minnesota.
- Against the state median: Milan runs about 607 residents per square mile, where the Minnesota median is 607.
- Location: mapped by the US Census Bureau at 45.1126, -95.9118.
- Nearest larger cities: Appleton (8 mi); Dawson (14 mi); Montevideo (15 mi); Madison (15 mi); Benson (20 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
- Smaller places close by: Watson (9 mi); Holloway (9 mi); Louisburg (13 mi).
- Smaller neighbours: 57 places smaller than Milan sit within 50 miles.
- At 100 miles: 171 larger Census places fall inside that radius.
Getting a loan in Milan
Milan is moderately settled, with about 607 people per square mile and 35 larger places within 50 miles. Whether Milan has a local branch or not, a Minnesota-licensed lender can serve its 414 people online on the same terms. The nearest larger city, Appleton, MN about 8 miles away.
How a Milan personal loan is priced
With roughly 414 residents, Milan is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. The APR tracks your credit score rather than Milan's rank of 526th in Minnesota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Shortening the term on a Milan loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Minnesota consumer-lending rules applied in Milan
Read the table as a lender's compliance picture for Milan: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota Department of Commerce (commissioner of commerce) Source says: ""Commissioner" means the commissioner of commerce" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01) Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Payday ability-to-repay requirement | Required for payday loans with an APR above 36% (Minn. Stat. § 47.603) Source says: "This section applies to all payday loans with an annual percentage rate that exceeds 36 percent." | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
How Milan compares across Minnesota
Milan is the 526th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. Its 2020-to-2023 change ranks 804th of 853 Minnesota places, putting it near the 6th percentile for growth. Its roughly 607 residents per square mile place it 428th among Minnesota's places. In land area, Milan ranks 625th among Minnesota's 853 places.
Milan: area, density and distance
Milan covers about 0.7 square miles of land, with 0.01 square miles of water inside its boundaries (Census Gazetteer). With 414 residents, the land area yields roughly 607 people per square mile. The largest place in Minnesota, Minneapolis, lies about 129 miles away. Milan has 35 larger places within a 50-mile radius. By land area it ranks 625th of 853 Minnesota places.
Common questions
What are my options in Milan if my credit is poor?
What loan size can I expect in Milan?
Do I have to pledge anything to borrow in Milan?
Does comparing loans in Milan cost me credit score points?
Nearby places
- Holloway, MN — population 84
- Appleton, MN — population 1,365
- Watson, MN — population 174
- Danvers, MN — population 100
- Dawson, MN — population 1,433
- Montevideo, MN — population 5,235
- Boyd, MN — population 140
- Louisburg, MN — population 31