Personal loans in Nielsville, MN
If you are weighing a personal loan in Nielsville, start from the payment you can carry; its 77 residents face the same statewide rules. With 77 residents, Nielsville outranks about 8% of the communities in Minnesota.
Population in Nielsville dropped about 3.8% over the three years from 2020 to 2023. Verify the lender's Minnesota licence against the regulator named below before borrowing in Nielsville. The next larger city is Shelly, MN about 5 miles away. Lenders active in Nielsville report to a Minnesota supervisor, identified in the sourced rows below.
Local context for Nielsville
Two layers matter for a Nielsville borrower: the local population picture and Minnesota's consumer-lending statutes.
- Population: about 77, ranked 786th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
- Population trend: Down about 3.8% from the 2020 Census base to the 2023 estimate.
- People gained or lost: about 3 fewer since the 2020 base.
- Size percentile: about 8% of Minnesota's Census places are smaller than Nielsville.
- Population density: about 266 people per square mile (Census land area 0.3 sq mi).
- By land area: Nielsville ranks 784th among Minnesota's 853 places, at 0.3 sq mi.
- Share of state population: Nielsville's 77 residents are about 0.0% of Minnesota.
- National rank: Nielsville sits 18,535th by population among the 19,457 places in this dataset.
- Growth in Minnesota: Nielsville stands 805th by percentage change from 2020 to 2023, among 853 places.
- Against the state trend: Nielsville's 3.8% change compares with a Minnesota average of +0.1% across its 853 places.
- Density rank: Nielsville is the 636th most densely settled place in Minnesota.
- Against the state median: Nielsville runs about 266 residents per square mile, where the Minnesota median is 607.
- Location: coordinates 47.5293, -96.8157 (US Census Bureau Gazetteer).
- Nearest larger cities: Shelly (5 mi); Climax (6 mi); Halstad (12 mi); Beltrami (13 mi); Buxton (14 mi). Online lenders reach Nielsville no matter how far the nearest branch is.
- Nearest smaller towns: Clifford (30 mi); North River (40 mi); Ayr (46 mi) — useful context for the surrounding area.
- Smaller neighbours: 4 places smaller than Nielsville sit within 50 miles.
- Larger places within 100 miles: 180.
What a Nielsville borrower is actually offered
Most loans made to Nielsville's 77 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Federal Truth in Lending rules require a Nielsville lender to disclose the APR and finance charge before you sign. A longer term lowers the monthly payment on a Nielsville loan but raises total interest, so the smallest payment is not the cheapest loan.
How Minnesota law applies in Nielsville
For the roughly 77 residents of Nielsville, the rules below are Minnesota's own; each row carries its publisher and retrieval 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 |
| 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 |
| Maximum legal interest rate (usury cap) | 6% per year legal rate of interest; a different rate may be contracted for in writing (Minn. Stat. § 334.01) Source says: "The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
Where Nielsville sits in Minnesota
Within Minnesota, Nielsville holds roughly 0.0% of all residents, the 786th-largest share among 853 places. Its 2020-to-2023 change ranks 805th of 853 Minnesota places, putting it near the 6th percentile for growth. At about 266 people per square mile, Nielsville is the 636th most densely settled place in Minnesota. The population moved by about 3 people between 2020 and 2023, a 3.8% shift.
Land, water and location for Nielsville
Inside Nielsville's boundaries lie about 0.3 square miles of land, with no significant water area recorded. With 77 residents, the land area yields roughly 266 people per square mile. Minneapolis, the largest place in Minnesota, is about 245 miles from Nielsville. Nielsville has 67 larger places within a 50-mile radius. The 100-mile radius contains 180 larger places.
How lenders reach Nielsville
At roughly 266 people per square mile, Nielsville is lightly settled; 67 larger places lie within 50 miles. Lenders licensed in Minnesota reach Nielsville's 77 residents online, so the nearest branch is not what sets your APR. The nearest larger city, Shelly, MN about 5 miles away.
Common questions
What are my options in Nielsville if my credit is poor?
What loan size can I expect in Nielsville?
Do I have to pledge anything to borrow in Nielsville?
Does comparing loans in Nielsville cost me credit score points?
Nearby places
- Shelly, MN — population 176
- Climax, MN — population 240
- Halstad, MN — population 560
- Hendrum, MN — population 285
- Fisher, MN — population 404
- Hillsboro, ND — population 1,641
- Beltrami, MN — population 84
- Buxton, ND — population 349