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Personal loans in Biwabik, MN

Biwabik is home to roughly 963 people and stands 363rd by size out of 853 Census places in Minnesota. In Biwabik, one of 853 Census places in Minnesota, the figure to compare across lenders is the APR, not the advertised rate. Population in Biwabik climbed about 0.5% over the three years from 2020 to 2023. Read the disclosure for an origination fee and any prepayment penalty before signing in Biwabik. For the 963 people in Biwabik, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. The closest larger place is Aurora, MN about 5 miles away.

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.

Biwabik: population, trend and location

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

Biwabik's place among Minnesota's 853 places

Against Minnesota's other places, Biwabik accounts for about 0.0% of the state's population and ranks 363rd of 853 by size. On the 2020-to-2023 trend, Biwabik stands 278th among Minnesota's 853 places — roughly the 67th percentile. By density, at about 110 people per square mile, it ranks 757th in Minnesota. Between 2020 and 2023 the count changed by roughly 5 residents.

Where Biwabik sits

The Census Gazetteer records 8.8 square miles of land and 1.17 square miles of water within Biwabik. The resulting density is about 110 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 183 miles away. Counting outward 50 miles, 13 larger communities surround Biwabik. By land area it ranks 119th of 853 Minnesota places.

The anatomy of a Biwabik personal loan

In Biwabik, a small community of about 963, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Biwabik lender to disclose the APR and finance charge before you sign. Shortening the term on a Biwabik loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

A pre-application checklist for Biwabik

A sensible order of operations for a loan in Biwabik, home to about 963 people:

  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. Collect three or more offers and compare them on APR, not on the advertised rate.
  4. Confirm the lender holds a Minnesota licence by checking the regulator named above.
  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 Biwabik holds 963 people.

Minnesota consumer-lending rules applied in Biwabik

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

RuleDetailSource
State lending regulatorMinnesota 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 statusLegal 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
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 Biwabik 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 Biwabik is the same as anywhere in Minnesota.
What loan size can I expect in Biwabik?
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 Biwabik?
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 Biwabik 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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