Personal loans in Sherwood, ND

A lender serving Sherwood holds a North Dakota licence and answers to a North Dakota regulator; no city office is involved for its 189 residents.

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.

The Census counts 189 people in Sherwood, the 163rd-largest figure among North Dakota's 355 places. Rate-shopping from Sherwood costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Census figures put the 2020-to-2023 increase in Sherwood at about 0.5%. State law, not city hall, decides what a lender may do to Sherwood's roughly 189 residents, and a state regulator supervises it. For a bigger market, look to Mohall, ND about 15 miles away.

Sherwood: the sourced local profile

What follows is Sherwood's place in the Census record, alongside the North Dakota rules that govern a personal loan made here.

Sherwood against the rest of North Dakota

Sherwood is the 163rd-largest of 355 Census places in North Dakota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Sherwood ranks 43rd of 355 in North Dakota (about the 88th percentile). By density, at about 598 people per square mile, it ranks 116th in North Dakota. The population moved by about 1 people between 2020 and 2023, a 0.5% shift.

Lender access in Sherwood

At roughly 598 people per square mile, Sherwood is moderately settled; 8 larger places lie within 50 miles. A North Dakota licence lets a lender serve Sherwood without a local office, so branch density does not change what its 189 residents are offered. The nearest larger city, Mohall, ND about 15 miles away.

Land, water and location for Sherwood

Inside Sherwood's boundaries lie about 0.3 square miles of land, with no significant water area recorded. Spread across it are roughly 598 residents per square mile. The state's population centre of gravity, Fargo, is roughly 265 miles away. Sherwood has 8 larger places within a 50-mile radius. The 100-mile radius contains 32 larger places.

The North Dakota lending rules that reach Sherwood

Read the table as a lender's compliance picture for Sherwood: the rule, the sourced figure, the publisher and the date.

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
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
Maximum legal interest rate (usury cap)Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%.
Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%).
North Dakota Department of Financial Institutions
as of 2026-09-16

What a Sherwood borrower is actually offered

A Sherwood personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 189 residents. The rate you see advertised is a range, not a promise, until a lender reviews your file in Sherwood. Because the payment is fixed, the total cost of a Sherwood loan is knowable in advance — unlike a revolving card balance.

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

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