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.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

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.

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.

RuleDetailSource
State lending regulatorMinnesota 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 requirementRequired 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.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Nielsville if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Nielsville is the same as anywhere in Minnesota.
What loan size can I expect in Nielsville?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Nielsville?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Nielsville cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

Related