Personal loans in Buffalo Lake, MN

For a bigger market, look to Hector, MN about 5 miles away. Census figures put the 2020-to-2023 decrease in Buffalo Lake at about 2.8%. When Minnesota caps or restricts a product, lenders either change the terms or withdraw it from Buffalo Lake as from the rest of the state. Decide the purpose of the loan and your repayment plan before sharing any details with a Buffalo Lake lender.

Buffalo Lake: the sourced local profile

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

• Population: a Census-estimated 636, 441st among Minnesota's 853 places (Vintage 2023).
• Population trend: About 2.8% below the 2020 Census base.
• Change in people: the 2020-to-2023 comparison is a loss of about 18 residents.
• Size percentile: about 48% of Minnesota's Census places are smaller than Buffalo Lake.
• Land and density: 0.7 square miles of land carry roughly 933 residents per square mile.
• By land area: Buffalo Lake ranks 624th among Minnesota's 853 places, at 0.7 sq mi.
• Share of state population: Buffalo Lake's 636 residents are about 0.0% of Minnesota.
• National rank: Buffalo Lake sits 12,192nd by population among the 19,457 places in this dataset.
• Growth rank: Buffalo Lake ranks 717th among Minnesota's 853 places for the 2020-to-2023 change.
• Against the state trend: Buffalo Lake's 2.8% change compares with a Minnesota average of +0.1% across its 853 places.
• Density in Minnesota: Buffalo Lake ranks 297th by people per square mile.
• Density vs Minnesota: Buffalo Lake's 933 people per square mile compare with a state median of 607.
• Location: it lies at 44.7368, -94.6170 in the Census Gazetteer.
• Nearest larger cities: Hector (5 mi); Brownton (13 mi); Bird Island (14 mi); Gibbon (15 mi); Fairfax (15 mi). Online lenders reach Buffalo Lake no matter how far the nearest branch is.
• Smaller communities within reach: Stewart (6 mi); Cosmos (14 mi); Cedar Mills (15 mi).
• Smaller neighbours: 42 places smaller than Buffalo Lake sit within 50 miles.
• Within 100 miles: 311 places are larger than Buffalo Lake.

What is available to Buffalo Lake borrowers

Buffalo Lake is a moderately settled community of about 636 people, with 72 larger places inside a 50-mile radius. A Minnesota licence lets a lender serve Buffalo Lake without a local office, so branch density does not change what its 636 residents are offered. For a larger market, the closest option is Hector, MN about 5 miles away.

Minnesota rules behind a Buffalo Lake personal loan

This table holds the Minnesota rate and licensing rules for consumer loans made to Buffalo Lake's 636 residents.

Buffalo Lake against the rest of Minnesota

Set beside Minnesota's 853 places, Buffalo Lake ranks 441st by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Buffalo Lake ranks 717th of 853 in Minnesota (about the 16th percentile). Its roughly 933 residents per square mile place it 297th among Minnesota's places. By land area, its 0.7 square miles rank 624th of 853 places in Minnesota.

How a Buffalo Lake personal loan is priced

A Buffalo Lake personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 636 residents. Federal Truth in Lending rules require a Buffalo Lake lender to disclose the APR and finance charge before you sign. Shortening the term on a Buffalo Lake loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Buffalo Lake on the map

Inside Buffalo Lake's boundaries lie about 0.7 square miles of land, with no significant water area recorded. The resulting density is about 933 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 68 miles away. Buffalo Lake has 72 larger places within a 50-mile radius. The 100-mile radius contains 311 larger places.