Personal loans in Monticello, MN

The Census estimates 14,831 residents in Monticello, which ranks it 74th of 853 places in Minnesota. Begin with the payment, then weigh APR and total interest across the lenders that reach Monticello's 14,831 residents. From the 2020 Census base to the 2023 estimate, the population rose by about 2.6%. For the 14,831 people in Monticello, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. The nearest larger city is St. Michael, MN about 8 miles away.

Monticello: population, trend and location

Two layers matter for a Monticello borrower: the local population picture and Minnesota's consumer-lending statutes.

• Population: an estimated 14,831 residents, 74th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: The 2020-to-2023 change is positive, near 2.6%.
• Absolute change: 371 residents added between 2020 and 2023.
• Size percentile: about 91% of Minnesota communities are smaller than Monticello (14,831 residents).
• Population density: 1,622 people per square mile on 9.1 square miles of land.
• Land area rank: Monticello's 9.1 square miles rank 116th of 853 places in Minnesota.
• Water area: Monticello has 0.34 square miles of water, ranking 152nd of 853 places in Minnesota.
• Within Minnesota: about 0.3% of the state's population lives in Monticello.
• Nationally: Monticello is the 2,369th-largest of 19,457 Census places in the dataset.
• Growth rank: Monticello ranks 141st among Minnesota's 853 places for the 2020-to-2023 change.
• Against the state trend: Monticello's 2.6% change compares with a Minnesota average of +0.1% across its 853 places.
• Density in Minnesota: Monticello ranks 115th by people per square mile.
• Density in context: Monticello's 1,622 people per square mile sit against a Minnesota median of 607.
• Location: latitude 45.2941, longitude -93.7863 (Census Gazetteer).
• Nearest larger cities: St. Michael (8 mi); Otsego (8 mi); Buffalo (9 mi); Elk River (11 mi); Ramsey (16 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Smaller places nearby: Big Lake (4 mi); Albertville (7 mi); Becker (8 mi).
• Smaller places within 50 miles: 153 of them.
• At 100 miles: 68 larger Census places fall inside that radius.

Which Minnesota laws govern a loan in Monticello

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

Before you apply in Monticello

A sensible order of operations for a loan in Monticello, home to about 14,831 people:

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. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Verify the lender's Minnesota licence with the regulator listed on this page.
5. Weigh a shorter term's higher payment against the interest it saves.
6. Borrow only what the purpose requires, not the maximum you are offered.
7. Write down the purpose of the loan and your repayment plan before you apply.

What differs between Monticello and the rest of Minnesota is not the process but the borrower's own file, among the 14,831 people here.

Borrowing reach in Monticello

At roughly 1,622 people per square mile, Monticello is moderately settled; 53 larger places lie within 50 miles. Distance to a branch rarely matters for Monticello's 14,831 residents: the application is online and the price follows your credit file. The nearest bigger place is St. Michael, MN about 8 miles away.

Monticello in state context

Set beside Minnesota's 853 places, Monticello ranks 74th by population and holds about 0.3% of the state total. Its 2020-to-2023 change ranks 141st of 853 Minnesota places, putting it near the 83th percentile for growth. By density, at about 1,622 people per square mile, it ranks 115th in Minnesota. By land area, its 9.1 square miles rank 116th of 853 places in Minnesota.

The anatomy of a Monticello personal loan

Most loans made to Monticello's 14,831 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Federal Truth in Lending rules require a Monticello lender to disclose the APR and finance charge before you sign. Because the payment is fixed, the total cost of a Monticello loan is knowable in advance — unlike a revolving card balance.