Personal loans in Round Lake, MN

The Census counts 361 people in Round Lake, the 555th-largest figure among Minnesota's 853 places. A larger market lies at Ocheyedan, IA about 9 miles away. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Round Lake's 361 residents. For a community of about 361, the practical step is to compare APR across at least three lenders before committing.

Round Lake: the sourced local profile

Set out below is Round Lake's local context next to the state-level rules that reach every lender here.

• Population: 361 people, a figure that places Round Lake 555th among the 853 Census places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: The 2020-to-2023 change is negative, near 3.2%.
• People gained or lost: about 12 fewer since the 2020 base.
• Size percentile: Round Lake sits ahead of around 35% of Minnesota places, at 361 people.
• Land and density: 0.7 square miles of land carry roughly 498 residents per square mile.
• Land area rank: Round Lake's 0.7 square miles rank 613th of 853 places in Minnesota.
• Share of Minnesota: Round Lake holds about 0.0% of the state's population, some 361 people.
• National standing: Round Lake ranks 14,507th of 19,457 US places.
• Growth rank: Round Lake ranks 765th among Minnesota's 853 places for the 2020-to-2023 change.
• Versus Minnesota: the state average change is +0.1%, while Round Lake moved 3.2%.
• Density rank: Round Lake is the 477th most densely settled place in Minnesota.
• Density in context: Round Lake's 498 people per square mile sit against a Minnesota median of 607.
• Location: coordinates 43.5372, -95.4719 (US Census Bureau Gazetteer).
• Nearest larger cities: Ocheyedan (9 mi); Worthington (9 mi); Lake Park (10 mi); Brewster (11 mi); Sibley (17 mi). For most borrowers the comparison happens online, not at a branch.
• Nearest smaller towns: Harris (7 mi); Bigelow (11 mi); Okabena (16 mi) — useful context for the surrounding area.
• Smaller places within 50 miles: 60 of them.
• Larger places within 100 miles: 242.

What a Round Lake borrower is actually offered

Most loans made to Round Lake's 361 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Federal Truth in Lending rules require a Round Lake lender to disclose the APR and finance charge before you sign. Shortening the term on a Round Lake loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

The geography behind Round Lake

Round Lake covers about 0.7 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. That land carries about 498 people per square mile. The largest place in Minnesota, Minneapolis, lies about 147 miles away. Within 50 miles of Round Lake there are 59 larger Census places. Within the same 50 miles lie 60 smaller Census places.

Borrowing reach in Round Lake

With about 498 residents per square mile, Round Lake is lightly settled, and 59 larger Census places sit within 50 miles. A Minnesota licence lets a lender serve Round Lake without a local office, so branch density does not change what its 361 residents are offered. The nearest larger city, Ocheyedan, IA about 9 miles away.

Minnesota consumer-lending rules applied in Round Lake

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

The Round Lake borrowing checklist

A sensible order of operations for a loan in Round Lake, home to about 361 people:

1. Pull your credit reports first and correct any error before a lender sees the file.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Line up several pre-qualified offers and let the APR decide.
4. Look the lender up in the Minnesota regulator's licence records before you sign.
5. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
6. Be clear on what the loan is for and how it gets repaid.
7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

None of these steps is Round Lake-specific: the same Minnesota licensing and disclosure rules reach all 361 residents.