Personal loans in Elmdale, MN

The first question in Elmdale is not the rate on offer but whether the payment fits; about 116 people live here under Minnesota lending law. Population in Elmdale climbed about 1.8% over the three years from 2020 to 2023. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Elmdale loan. The nearest larger metro is Upsala, MN about 4 miles away.

Elmdale: population, trend and location

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

• Population: the Census counts 116 residents in Elmdale (Vintage 2023 subcounty estimate), the 738th-largest figure among Minnesota's 853 places.
• Population trend: Growth of about 1.8% across the 2020-to-2023 comparison.
• People gained or lost: about 2 more since the 2020 base.
• Size percentile: roughly 13% of Minnesota's places have fewer residents than Elmdale's 116.
• Population density: about 34 people per square mile across 3.4 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area rank: Elmdale's 3.4 square miles rank 222nd of 853 places in Minnesota.
• Share of Minnesota: Elmdale holds about 0.0% of the state's population, some 116 people.
• National rank: Elmdale is 17,841st of 19,457 places nationwide.
• Growth rank: Elmdale ranks 184th among Minnesota's 853 places for the 2020-to-2023 change.
• Against the state trend: Elmdale's 1.8% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Elmdale places 836th among Minnesota's places by people per square mile.
• Against the state median: Elmdale runs about 34 residents per square mile, where the Minnesota median is 607.
• Location: the Census Gazetteer records it at 45.8340, -94.4942.
• Nearest larger cities: Upsala (4 mi); Bowlus (4 mi); Sobieski (6 mi); Holdingford (7 mi); Flensburg (8 mi). Larger metros often have more branches, but online lenders reach Elmdale on the same terms.
• Smaller communities close by: St. Anthony (12 mi); St. Rosa (13 mi); Genola (20 mi), each with its own Census population profile.
• Within a 50-mile radius: 14 smaller Census places.
• Within 100 miles: 393 places are larger than Elmdale.

What Minnesota law requires in Elmdale

The rows below set out what a licensed lender must follow in Minnesota, and so for Elmdale's roughly 116 residents.

The Elmdale borrowing checklist

Before you hand your details to a lender in Elmdale, where the population is near 116:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Test your amount and term in the personal loan calculator first.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. Borrow only what the purpose requires, not the maximum you are offered.
6. Write down the purpose of the loan and your repayment plan before you apply.
7. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.

In Elmdale as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 116 residents.

How a Elmdale personal loan is priced

In Elmdale, a small community of about 116, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Federal Truth in Lending rules require a Elmdale lender to disclose the APR and finance charge before you sign. Shortening the term on a Elmdale loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Elmdale on the map

Elmdale covers about 3.4 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. Spread across it are roughly 34 residents per square mile. The state's population centre of gravity, Minneapolis, is roughly 85 miles away. A 50-mile radius around Elmdale takes in 90 places that are larger. By land area it ranks 222nd of 853 Minnesota places.

Where Elmdale sits in Minnesota

Against Minnesota's other places, Elmdale accounts for about 0.0% of the state's population and ranks 738th of 853 by size. For population change between 2020 and 2023, Elmdale ranks 184th of 853 in Minnesota (about the 78th percentile). Its roughly 34 residents per square mile place it 836th among Minnesota's places. In land area, Elmdale ranks 222nd among Minnesota's 853 places.