Personal loans in Oak Grove, MN

Oak Grove is a small town of about 9,194 residents, and a personal loan taken out here is governed by Minnesota statute. An estimated 9,194 people make their home in Oak Grove, a figure that ranks 107th in Minnesota.

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

Compare loan offers Run the numbers first

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.

From the 2020 Census base to the 2023 estimate, the population rose by about 3.0%. Decide the purpose of the loan and your repayment plan before sharing any details with a Oak Grove lender. The nearest larger city is East Bethel, MN about 5 miles away. A single loan can carry different costs on either side of a state line, and Oak Grove sits on the Minnesota side of that line.

Local context for Oak Grove

Only a few things actually differ by place — population, area, location, and the Minnesota rules a lender must follow — and they are below.

Oak Grove on the map

The Census Gazetteer records 33.9 square miles of land and 1.30 square miles of water within Oak Grove. That land carries about 271 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 27 miles away. Counting outward 50 miles, 80 larger communities surround Oak Grove. The 100-mile radius contains 96 larger places.

The state rulebook for Oak Grove

The rows below set out what a licensed lender must follow in Minnesota, and so for Oak Grove's roughly 9,194 residents.

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
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
Payday lending statusLegal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603)
Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis"		Minnesota Department of Commerce
as of 2026-09-16

What is available to Oak Grove borrowers

Oak Grove is a lightly settled community of about 9,194 people, with 80 larger places inside a 50-mile radius. Lenders licensed in Minnesota reach Oak Grove's 9,194 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is East Bethel, MN about 5 miles away.

How Oak Grove compares across Minnesota

Oak Grove is the 107th-largest of 853 Census places in Minnesota and contains about 0.2% of the state's people. For population change between 2020 and 2023, Oak Grove ranks 117th of 853 in Minnesota (about the 86th percentile). At about 271 people per square mile, Oak Grove is the 632nd most densely settled place in Minnesota. Within 50 miles sit 129 smaller Census places, alongside the 80 that are larger.

Before you apply in Oak Grove

For Oak Grove's roughly 9,194 residents, these are the steps that most influence the offer:

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Model the payment on the calculator before a lender models it for you.
  3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
  4. Look the lender up in the Minnesota regulator's licence records before you sign.
  5. Decide the purpose and how you will repay it before approaching any lender.
  6. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
  7. Look for an origination fee or prepayment penalty in the written disclosure.

In Oak Grove as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 9,194 residents.

Compare personal loan offers Run the numbers first

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 Oak Grove 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 Oak Grove is the same as anywhere in Minnesota.
What loan size can I expect in Oak Grove?
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 Oak Grove?
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 Oak Grove 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.

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