Personal loans in Detroit Lakes, MN

The closest larger place is Fergus Falls, MN about 38 miles away. The 2020 count to the 2023 estimate shows about 0.4% decline in Detroit Lakes. For the 9,981 people in Detroit Lakes, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. For a community of about 9,981, the practical step is to compare APR across at least three lenders before committing.

The Detroit Lakes data picture

Here is the sourced Census picture for Detroit Lakes, plus the Minnesota lending rules that apply to a loan taken out here.

• Population: about 9,981 people live here, which puts Detroit Lakes 103rd of 853 Census places in Minnesota (Vintage 2023).
• Population trend: Roughly 0.4% fewer residents than the 2020 Census counted.
• Net change: roughly 40 fewer people than the 2020 Census counted.
• Size percentile: about 88% of Minnesota communities are smaller than Detroit Lakes (9,981 residents).
• Population density: about 843 people per square mile (Census land area 11.8 sq mi).
• Land area rank: Detroit Lakes's 11.8 square miles rank 101st of 853 places in Minnesota.
• Water area rank: Detroit Lakes ranks 8th among Minnesota's 853 places, with 5.62 sq mi.
• State share: roughly 0.2% of Minnesota's residents live in Detroit Lakes (9,981 people).
• National rank: Detroit Lakes is the 3,169th most populous of the 19,457 Census places covered here.
• Growth in Minnesota: Detroit Lakes stands 385th by percentage change from 2020 to 2023, among 853 places.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Detroit Lakes's 0.4%.
• Density rank: Detroit Lakes places 331st among Minnesota's places by people per square mile.
• Density in context: Detroit Lakes's 843 people per square mile sit against a Minnesota median of 607.
• Location: 46.8076, -95.8466 (US Census Bureau Gazetteer).
• Nearest larger cities: Fergus Falls (38 mi); Moorhead (43 mi); Fargo (47 mi); West Fargo (50 mi); Bemidji (65 mi). Living near a larger metro rarely changes what is available in Detroit Lakes.
• Smaller places nearby: Audubon (8 mi); Frazee (9 mi); Vergas (11 mi).
• Smaller neighbours: 63 places smaller than Detroit Lakes sit within 50 miles.
• Within 100 miles: 8 places are larger than Detroit Lakes.

Where Detroit Lakes sits

Detroit Lakes's land area is about 11.8 square miles; a further 5.62 square miles is water. The resulting density is about 843 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 178 miles. A 50-mile radius around Detroit Lakes takes in 3 places that are larger. The 100-mile radius contains 8 larger places.

How Detroit Lakes compares across Minnesota

Against Minnesota's other places, Detroit Lakes accounts for about 0.2% of the state's population and ranks 103rd of 853 by size. On the 2020-to-2023 trend, Detroit Lakes stands 385th among Minnesota's 853 places — roughly the 55th percentile. Its roughly 843 residents per square mile place it 331st among Minnesota's places. Within 50 miles sit 63 smaller Census places, alongside the 3 that are larger.

How a Detroit Lakes personal loan is priced

With roughly 9,981 residents, Detroit Lakes is a small town; its personal loans are typically unsecured, priced from your credit rather than the city's size. Federal Truth in Lending rules require a Detroit Lakes lender to disclose the APR and finance charge before you sign. The term you choose in Detroit Lakes decides the split between a comfortable payment and the total interest you pay.

Steps to take before a Detroit Lakes loan

Before you apply in Detroit Lakes, a community of about 9,981, work through these steps:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Check the Minnesota regulator's records to confirm the lender is licensed here.
5. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
6. Look for an origination fee or prepayment penalty in the written disclosure.
7. Check that the monthly payment fits your budget next to your existing obligations.

The process is identical across Minnesota; what changes is your credit file, not the fact that Detroit Lakes holds 9,981 people.

How Minnesota law applies in Detroit Lakes

This table holds the Minnesota rate and licensing rules for consumer loans made to Detroit Lakes's 9,981 residents.