Personal loans in Barrett, MN

For a bigger market, look to Elbow Lake, MN about 6 miles away. From the 2020 Census base to the 2023 estimate, the population rose by about 1.6%. To lend to Barrett's 375 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. Begin with the payment, then weigh APR and total interest across the lenders that reach Barrett's 375 residents.

Barrett by the numbers

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

• Population: a Census-estimated 375, 549th among Minnesota's 853 places (Vintage 2023).
• Population trend: A rise of about 1.6% from 2020 to 2023.
• People gained or lost: about 6 more since the 2020 base.
• Size percentile: about 36% of Minnesota communities are smaller than Barrett (375 residents).
• Population density: about 180 people per square mile (Census land area 2.1 sq mi).
• By land area: Barrett ranks 320th among Minnesota's 853 places, at 2.1 sq mi.
• Water: Barrett holds about 0.02 square miles, the 343rd-largest water area in Minnesota.
• Share of state population: Barrett's 375 residents are about 0.0% of Minnesota.
• National rank: Barrett is the 14,345th most populous of the 19,457 Census places covered here.
• Growth in Minnesota: Barrett stands 192nd by percentage change from 2020 to 2023, among 853 places.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Barrett's 1.6%.
• Density rank: Barrett places 692nd among Minnesota's places by people per square mile.
• Density in context: Barrett's 180 people per square mile sit against a Minnesota median of 607.
• Location: mapped by the US Census Bureau at 45.9132, -95.9047.
• Nearest larger cities: Elbow Lake (6 mi); Hoffman (8 mi); Evansville (12 mi); Ashby (13 mi); Herman (13 mi). Larger metros often have more branches, but online lenders reach Barrett on the same terms.
• Smaller communities within reach: Wendell (13 mi); Kensington (14 mi); Norcross (14 mi).
• Within a 50-mile radius: 49 smaller Census places.
• Within 100 miles: 161 places are larger than Barrett.

What Minnesota law requires in Barrett

These are Minnesota's sourced lending facts as they reach Barrett's 375 residents; the state has no city-level rate rule.

How Barrett compares across Minnesota

Set beside Minnesota's 853 places, Barrett ranks 549th by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 192nd of 853 Minnesota places, putting it near the 77th percentile for growth. Its roughly 180 residents per square mile place it 692nd among Minnesota's places. By land area, its 2.1 square miles rank 320th of 853 places in Minnesota.

How personal loans work in Barrett

Barrett is a small community of about 375 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. A lender serving Barrett's 375 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Barrett loan is knowable in advance — unlike a revolving card balance.

Lender access in Barrett

Barrett is lightly settled, with about 180 people per square mile and 40 larger places within 50 miles. Whether Barrett has a local branch or not, a Minnesota-licensed lender can serve its 375 people online on the same terms. For a larger market, the closest option is Elbow Lake, MN about 6 miles away.

A pre-application checklist for Barrett

Complete these steps first when you borrow in Barrett (375 residents):

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Test your amount and term in the personal loan calculator first.
3. Line up several pre-qualified offers and let the APR decide.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. Check that the monthly payment fits your budget next to your existing obligations.
6. Weigh a shorter term's higher payment against the interest it saves.
7. Borrow only what the purpose requires, not the maximum you are offered.

The process is identical across Minnesota; what changes is your credit file, not the fact that Barrett holds 375 people.