Personal loans in Canby, MN
Canby counts about 1,683 people, and what is genuinely local about borrowing here is limited — Minnesota law does the governing. Pull your credit reports and line up at least three offers before you apply from Canby.
Roughly 1,683 residents live in Canby, the 286th-largest community in Minnesota. Rate ceilings, licensing requirements and product limits for Canby are all set at the Minnesota level. Canby shed about 0.7% of its population between the 2020 base and the 2023 estimate. The closest larger place is Marshall, MN about 30 miles away.
Canby: the sourced local profile
Canby is a small community; the notes below cover its population profile and the statewide rules that apply.
- Population: about 1,683, ranked 286th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
- Population trend: The 2020-to-2023 change is negative, near 0.7%.
- People gained or lost: about 12 fewer since the 2020 base.
- Size percentile: bigger than about 66% of the places in Minnesota, with 1,683 residents in Canby.
- Population density: 752 people per square mile on 2.2 square miles of land.
- By land area: Canby ranks 303rd among Minnesota's 853 places, at 2.2 sq mi.
- State share: roughly 0.0% of Minnesota's residents live in Canby (1,683 people).
- National rank: Canby sits 8,271st by population among the 19,457 places in this dataset.
- Growth in Minnesota: Canby stands 419th by percentage change from 2020 to 2023, among 853 places.
- Against the state trend: Canby's 0.7% change compares with a Minnesota average of +0.1% across its 853 places.
- Density rank: Canby places 369th among Minnesota's places by people per square mile.
- Density in context: Canby's 752 people per square mile sit against a Minnesota median of 607.
- Location: 44.7161 / -96.2698, per the US Census Bureau Gazetteer.
- Nearest larger cities: Marshall (30 mi); Montevideo (32 mi); Granite Falls (36 mi); Brookings (38 mi); Milbank (39 mi). For most borrowers the comparison happens online, not at a branch.
- Smaller towns nearby: Porter (7 mi); Gary (11 mi); St. Leo (11 mi).
- Smaller neighbours: 76 places smaller than Canby sit within 50 miles.
- Within 100 miles: 49 places are larger than Canby.
What Minnesota law requires in Canby
These are Minnesota's sourced lending facts as they reach Canby's 1,683 residents; the state has no city-level rate rule.
| 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 |
Getting a loan in Canby
Canby is a moderately settled community of about 1,683 people, with 11 larger places inside a 50-mile radius. A Minnesota licence lets a lender serve Canby without a local office, so branch density does not change what its 1,683 residents are offered. For a larger market, the closest option is Marshall, MN about 30 miles away.
The anatomy of a Canby personal loan
With roughly 1,683 residents, Canby is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving Canby's 1,683 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Canby loan is knowable in advance — unlike a revolving card balance.
Canby on the map
Canby covers about 2.2 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. That land carries about 752 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 148 miles away. Counting outward 50 miles, 11 larger communities surround Canby. The 100-mile radius contains 49 larger places.
Where Canby sits in Minnesota
Within Minnesota, Canby holds roughly 0.0% of all residents, the 286th-largest share among 853 places. Its 2020-to-2023 change ranks 419th of 853 Minnesota places, putting it near the 51th percentile for growth. Its roughly 752 residents per square mile place it 369th among Minnesota's places. In land area, Canby ranks 303rd among Minnesota's 853 places.
Common questions
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Nearby places
- Porter, MN — population 163
- Gary, SD — population 238
- St. Leo, MN — population 92
- Taunton, MN — population 132
- Ivanhoe, MN — population 537
- Hendricks, MN — population 601
- Dawson, MN — population 1,433
- Madison, MN — population 1,491