Personal loans in Milroy, MN

Personal loans in Milroy are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 252 population. Compare APR, not the interest rate, because the APR folds in most fees on a Milroy loan. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Milroy's 252 residents. For a bigger market, look to Vesta, MN about 9 miles away.

Borrowing in Milroy: the local picture

Read the local figures below as context; read the sourced Minnesota table as the rulebook a lender here must follow.

• Population: a Census-estimated 252, 612th among Minnesota's 853 places (Vintage 2023).
• Population trend: Lower by roughly 1.9% since the 2020 count.
• Absolute change: 5 residents lost between 2020 and 2023.
• Size percentile: about 28% of Minnesota's Census places are smaller than Milroy.
• Population density: about 966 people per square mile (Census land area 0.3 sq mi).
• By land area: Milroy ranks 793rd among Minnesota's 853 places, at 0.3 sq mi.
• State share: roughly 0.0% of Minnesota's residents live in Milroy (252 people).
• National rank: Milroy is 15,730th of 19,457 places nationwide.
• Growth rank: Milroy ranks 624th among Minnesota's 853 places for the 2020-to-2023 change.
• Against the state trend: Milroy's 1.9% change compares with a Minnesota average of +0.1% across its 853 places.
• Density in Minnesota: Milroy ranks 280th by people per square mile.
• Against the state median: Milroy runs about 966 residents per square mile, where the Minnesota median is 607.
• Location: coordinates 44.4177, -95.5536 (US Census Bureau Gazetteer).
• Nearest larger cities: Vesta (9 mi); Marshall (12 mi); Tracy (13 mi); Walnut Grove (14 mi); Cottonwood (15 mi). Larger metros often have more branches, but online lenders reach Milroy on the same terms.
• Smaller towns nearby: Lucan (7 mi); Seaforth (11 mi); Echo (15 mi).
• Within a 50-mile radius: 40 smaller Census places.
• At 100 miles: 273 larger Census places fall inside that radius.

Where Milroy sits

The Census Gazetteer records about 0.3 square miles of land within Milroy, with no significant water area listed. Spread across it are roughly 966 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 118 miles away. A 50-mile radius around Milroy takes in 56 places that are larger. Within the same 50 miles lie 40 smaller Census places.

Milroy against the rest of Minnesota

Among Minnesota's 853 places, Milroy sits at 612th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Milroy ranks 624th of 853 in Minnesota (about the 27th percentile). At about 966 people per square mile, Milroy is the 280th most densely settled place in Minnesota. By land area, its 0.3 square miles rank 793rd of 853 places in Minnesota.

A pre-application checklist for Milroy

Before you apply in Milroy, a community of about 252, work through these steps:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Test your amount and term in the personal loan calculator first.
3. Shop at least three lenders and judge them on APR and total cost.
4. Look the lender up in the Minnesota regulator's licence records before you sign.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Make sure the new payment leaves room in a budget you already keep.
7. Choose a term you can live with; stretching it lowers the payment but raises total interest.

None of these steps is Milroy-specific: the same Minnesota licensing and disclosure rules reach all 252 residents.

The state rulebook for Milroy

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

Borrowing reach in Milroy

With about 966 residents per square mile, Milroy is moderately settled, and 56 larger Census places sit within 50 miles. Lenders licensed in Minnesota reach Milroy's 252 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Vesta, MN about 9 miles away.