Personal loans in Walters, MN
Walters, Minnesota — home to about 70 people — is a small community, so the terms you are offered follow Minnesota law rather than any local rule. Walters ranks 796th of 853 places in Minnesota, with a population near 70.
The closest larger place is Kiester, MN about 5 miles away. Census figures show Walters holding steady across 2020 to 2023. Rate ceilings, licensing requirements and product limits for Walters are all set at the Minnesota level. Decide the purpose of the loan and your repayment plan before sharing any details with a Walters lender.
The Walters data picture
Here is the sourced Census picture for Walters, plus the Minnesota lending rules that apply to a loan taken out here.
- Population: an estimated 70 residents, 796th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
- Population trend: About level with the 2020 Census.
- Size percentile: Walters sits ahead of around 7% of Minnesota places, at 70 people.
- Land and density: 0.2 square miles of land carry roughly 354 residents per square mile.
- By land area: Walters ranks 825th among Minnesota's 853 places, at 0.2 sq mi.
- Within Minnesota: about 0.0% of the state's population lives in Walters.
- Nationally: Walters is the 18,661st-largest of 19,457 Census places in the dataset.
- Growth rank: Walters's 2020-to-2023 change ranks 341st of 853 places in Minnesota.
- Versus Minnesota: the state average change is +0.1%, while Walters moved 0.0%.
- Density in Minnesota: Walters ranks 576th by people per square mile.
- Density vs Minnesota: Walters's 354 people per square mile compare with a state median of 607.
- Location: it lies at 43.6049, -93.6743 in the Census Gazetteer.
- Nearest larger cities: Kiester (5 mi); Alden (7 mi); Conger (7 mi); Bricelyn (8 mi); Scarville (10 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Smaller communities within reach: Manchester (14 mi); Myrtle (26 mi); Sargeant (46 mi).
- Smaller neighbours: 4 places smaller than Walters sit within 50 miles.
- Larger places within 100 miles: 485.
Walters on the map
Inside Walters's boundaries lie about 0.2 square miles of land, with no significant water area recorded. The resulting density is about 354 people per square mile. Minneapolis, the largest place in Minnesota, is about 96 miles from Walters. Walters has 115 larger places within a 50-mile radius. Within the same 50 miles lie 4 smaller Census places.
Minnesota consumer-lending rules applied in Walters
This table holds the Minnesota rate and licensing rules for consumer loans made to Walters's 70 residents.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota 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 status | Legal 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 |
Getting a loan in Walters
At roughly 354 people per square mile, Walters is lightly settled; 115 larger places lie within 50 miles. Distance to a branch rarely matters for Walters's 70 residents: the application is online and the price follows your credit file. The nearest bigger place is Kiester, MN about 5 miles away.
What shapes a Walters personal loan
With roughly 70 residents, Walters is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Walters loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Walters loan but raises total interest, so the smallest payment is not the cheapest loan.
Walters in state context
Walters is the 796th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Walters ranks 341st of 853 in Minnesota (about the 60th percentile). By density, at about 354 people per square mile, it ranks 576th in Minnesota. In land area, Walters ranks 825th among Minnesota's 853 places.
Common questions
What are my options in Walters if my credit is poor?
What loan size can I expect in Walters?
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Does comparing loans in Walters cost me credit score points?
Nearby places
- Kiester, MN — population 486
- Alden, MN — population 576
- Scarville, IA — population 78
- Bricelyn, MN — population 350
- Conger, MN — population 151
- Wells, MN — population 2,398
- Freeborn, MN — population 260
- Emmons, MN — population 363