Personal loans in Parshall, ND

Parshall is home to roughly 898 people and stands 60th by size out of 355 Census places in North Dakota. Parshall lost roughly 5.0% of its population across the 2020-to-2023 comparison.

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.

With roughly 898 residents, Parshall is a small community, and the lending rules its borrowers live under are written in North Dakota, not by the city. State law, not city hall, decides what a lender may do to Parshall's roughly 898 residents, and a state regulator supervises it. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Parshall loan. The closest larger place is New Town, ND about 17 miles away.

Parshall by the numbers

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

A practical checklist for Parshall borrowers

Before you apply in Parshall, a community of about 898, 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. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Get several pre-qualifications and compare APR side by side before choosing.
  4. Make sure the lender appears in the North Dakota regulator's licence list.
  5. Check the disclosure for fees that raise the true cost above the quoted rate.
  6. Check that the monthly payment fits your budget next to your existing obligations.
  7. Choose a term you can live with; stretching it lowers the payment but raises total interest.

The process is identical across North Dakota; what changes is your credit file, not the fact that Parshall holds 898 people.

North Dakota consumer-lending rules applied in Parshall

The rows below set out what a licensed lender must follow in North Dakota, and so for Parshall's roughly 898 residents.

RuleDetailSource
State lending regulatorNorth Dakota Department of Financial Institutions (NDDFI)
Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters."		North Dakota Department of Financial Institutions
as of 2026-09-16
Small-loan / installment lender licensingMoney broker license required to engage in money brokering (arranging/providing loans); issued by the commissioner of financial institutions.
Source says: "may not engage in money brokering in the state of North Dakota without a money broker license issued by the commissioner" (N.D.C.C. 13-04.1-02).		North Dakota Legislative Branch
as of 2026-09-16
Usury penalties (state-specific rule)Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor.
Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11).		North Dakota Legislative Branch
as of 2026-09-16

Parshall: area, density and distance

The Census Gazetteer records about 3.5 square miles of land within Parshall, with no significant water area listed. That land carries about 253 people per square mile. The largest place in North Dakota, Fargo, lies about 259 miles away. Counting outward 50 miles, 8 larger communities surround Parshall. The 100-mile radius contains 22 larger places.

Parshall's place among North Dakota's 355 places

Among North Dakota's 355 places, Parshall sits at 60th for population, a share of roughly 0.1% of the state. On the 2020-to-2023 trend, Parshall stands 334th among North Dakota's 355 places — roughly the 6th percentile. By density, at about 253 people per square mile, it ranks 215th in North Dakota. Between 2020 and 2023 the count changed by roughly 47 residents.

The anatomy of a Parshall personal loan

With roughly 898 residents, Parshall is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving Parshall's 898 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Parshall loan is knowable in advance — unlike a revolving card balance.

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 Parshall 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 Parshall is the same as anywhere in North Dakota.
What loan size can I expect in Parshall?
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 Parshall?
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 Parshall 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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