Personal loans in Foley, MN

A single loan can carry different costs on either side of a state line, and Foley sits on the Minnesota side of that line. By population, Foley sits at 226th in Minnesota, with an estimated 2,673 residents.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

A lender serving Foley holds a Minnesota licence and answers to a Minnesota regulator; no city office is involved for its 2,673 residents. The 2020 count to the 2023 estimate shows about 1.2% decline in Foley. Verify the lender's Minnesota licence against the regulator named below before borrowing in Foley. The nearest larger city is Sauk Rapids, MN about 13 miles away.

Foley by the numbers

What follows is Foley's place in the Census record, alongside the Minnesota rules that govern a personal loan made here.

What Minnesota law requires in Foley

This table holds the Minnesota rate and licensing rules for consumer loans made to Foley's 2,673 residents.

RuleDetailSource
State lending regulatorMinnesota 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
Small-loan / installment lender licensingRegulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01)
Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money"
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16
Payday ability-to-repay requirementRequired for payday loans with an APR above 36% (Minn. Stat. § 47.603)
Source says: "This section applies to all payday loans with an annual percentage rate that exceeds 36 percent."
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16

Land, water and location for Foley

Inside Foley's boundaries lie about 2.6 square miles of land, with no significant water area recorded. Spread across it are roughly 1,041 residents per square mile. For the state's biggest city, Minneapolis, the distance is roughly 58 miles. Counting outward 50 miles, 58 larger communities surround Foley. By land area it ranks 284th of 853 Minnesota places.

Borrowing reach in Foley

With about 1,041 residents per square mile, Foley is moderately settled, and 58 larger Census places sit within 50 miles. Distance to a branch rarely matters for Foley's 2,673 residents: the application is online and the price follows your credit file. The nearest bigger place is Sauk Rapids, MN about 13 miles away.

Foley's place among Minnesota's 853 places

Against Minnesota's other places, Foley accounts for about 0.1% of the state's population and ranks 226th of 853 by size. Its 2020-to-2023 change ranks 507th of 853 Minnesota places, putting it near the 41th percentile for growth. By density, at about 1,041 people per square mile, it ranks 257th in Minnesota. Between 2020 and 2023 the count changed by roughly 33 residents.

Inside a Foley personal loan

With roughly 2,673 residents, Foley is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. The APR tracks your credit score rather than Foley's rank of 226th in Minnesota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. A longer term lowers the monthly payment on a Foley loan but raises total interest, so the smallest payment is not the cheapest loan.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Foley if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Foley is the same as anywhere in Minnesota.
What loan size can I expect in Foley?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Foley?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Foley cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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