Personal loans in Borup, MN

Two households in Borup with comparable incomes can still be offered different rates; the city's 95 residents are not the reason. Borup's population held flat through the 2020-to-2023 comparison.

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.

At about 95 residents, Borup is larger than roughly 11% of the places in Minnesota. Work out your debt-to-income ratio first; lenders weigh it heavily, and Borup's 95 residents are no exception. State law, not city hall, decides what a lender may do to Borup's roughly 95 residents, and a state regulator supervises it. A larger market lies at Felton, MN about 7 miles away.

Borup: the sourced local profile

Two layers matter for a Borup borrower: the local population picture and Minnesota's consumer-lending statutes.

What Minnesota law requires in Borup

For the roughly 95 residents of Borup, the rules below are Minnesota's own; each row carries its publisher and retrieval date.

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

How a Borup personal loan is priced

In Borup, a small community of about 95, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Two numbers drive a Borup 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 Borup loan but raises total interest, so the smallest payment is not the cheapest loan.

Borup against the rest of Minnesota

Within Minnesota, Borup holds roughly 0.0% of all residents, the 761st-largest share among 853 places. Its 2020-to-2023 change ranks 335th of 853 Minnesota places, putting it near the 61th percentile for growth. At about 374 people per square mile, Borup is the 560th most densely settled place in Minnesota. Within 50 miles sit 11 smaller Census places, alongside the 66 that are larger.

What is available to Borup borrowers

At roughly 374 people per square mile, Borup is lightly settled; 66 larger places lie within 50 miles. What is available to Borup's 95 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Felton, MN about 7 miles away.

Where Borup sits

Borup covers about 0.3 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 374 people per square mile. The largest place in Minnesota, Minneapolis, lies about 218 miles away. Within 50 miles of Borup there are 66 larger Census places. The 100-mile radius contains 181 larger places.

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 Borup 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 Borup is the same as anywhere in Minnesota.
What loan size can I expect in Borup?
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 Borup?
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 Borup 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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