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.
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.
- Population: the Census counts 95 residents in Borup (Vintage 2023 subcounty estimate), the 761st-largest figure among Minnesota's 853 places.
- Population trend: About level with the 2020 Census.
- Size percentile: about 11% of Minnesota's Census places are smaller than Borup.
- Population density: about 374 people per square mile (Census land area 0.3 sq mi).
- Land area: Borup covers 0.3 square miles, the 798th-largest area among Minnesota's 853 places.
- Share of state population: Borup's 95 residents are about 0.0% of Minnesota.
- National rank: Borup sits 18,208th by population among the 19,457 places in this dataset.
- Growth rank: Borup's 2020-to-2023 change ranks 335th of 853 places in Minnesota.
- State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Borup's 0.0%.
- Density rank: Borup places 560th among Minnesota's places by people per square mile.
- Density vs Minnesota: Borup's 374 people per square mile compare with a state median of 607.
- Location: the Census Gazetteer records it at 47.1803, -96.5058.
- Nearest larger cities: Felton (7 mi); Ada (8 mi); Twin Valley (13 mi); Ulen (14 mi); Perley (14 mi). Living near a larger metro rarely changes what is available in Borup.
- Nearest smaller towns: Georgetown (15 mi); North River (21 mi); Beltrami (25 mi) — useful context for the surrounding area.
- Smaller neighbours: 11 places smaller than Borup sit within 50 miles.
- At 100 miles: 181 larger Census places fall inside that radius.
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.
| 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 |
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.
Common questions
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Nearby places
- Felton, MN — population 168
- Ada, MN — population 1,703
- Twin Valley, MN — population 704
- Ulen, MN — population 475
- Perley, MN — population 108
- Georgetown, MN — population 87
- Gary, MN — population 223
- Hendrum, MN — population 285