Personal loans in Foreston, MN
Foreston is a small community of about 573 residents, and a personal loan taken out here is governed by Minnesota statute.
State law, not city hall, decides what a lender may do to Foreston's roughly 573 residents, and a state regulator supervises it. The Census counts 573 people in Foreston, the 461st-largest figure among Minnesota's 853 places. Read the disclosure for an origination fee and any prepayment penalty before signing in Foreston. The trend for Foreston between 2020 and 2023 is upward by roughly 2.7%. The next larger city is Milaca, MN about 3 miles away.
Foreston: the sourced local profile
Most of what governs a Foreston loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.
- Population: a Census-estimated 573, 461st among Minnesota's 853 places (Vintage 2023).
- Population trend: About 2.7% above the 2020 Census base.
- People gained or lost: about 15 more since the 2020 base.
- Size percentile: roughly 46% of Minnesota's places have fewer residents than Foreston's 573.
- Population density: about 400 people per square mile across 1.4 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area: Foreston covers 1.4 square miles, the 407th-largest area among Minnesota's 853 places.
- Share of state population: Foreston's 573 residents are about 0.0% of Minnesota.
- National rank: Foreston is 12,621st of 19,457 places nationwide.
- Growth rank: Foreston ranks 135th among Minnesota's 853 places for the 2020-to-2023 change.
- Against the state trend: Foreston's 2.7% change compares with a Minnesota average of +0.1% across its 853 places.
- Density rank: Foreston places 545th among Minnesota's places by people per square mile.
- Density vs Minnesota: Foreston's 400 people per square mile compare with a state median of 607.
- Location: coordinates 45.7270, -93.7089 (US Census Bureau Gazetteer).
- Nearest larger cities: Milaca (3 mi); Foley (11 mi); Princeton (12 mi); Zimmerman (21 mi); Mora (23 mi). Larger metros often have more branches, but online lenders reach Foreston on the same terms.
- Smaller communities within reach: Pease (3 mi); Bock (9 mi); Gilman (12 mi).
- Within a 50-mile radius: 31 smaller Census places.
- Larger places within 100 miles: 307.
What is available to Foreston borrowers
Foreston is a lightly settled community of about 573 people, with 96 larger places inside a 50-mile radius. Distance to a branch rarely matters for Foreston's 573 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Milaca, MN about 3 miles away.
Minnesota rules behind a Foreston personal loan
Below are the Minnesota rules that apply to a loan made in Foreston, each with the regulator that issued it.
| 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 |
| Payday ability-to-repay requirement | Required 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 |
| 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 |
Inside a Foreston personal loan
Most loans made to Foreston's 573 residents are unsecured, so nothing is pledged and the lender relies on your credit history. The APR tracks your credit score rather than Foreston's rank of 461st 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 Foreston loan but raises total interest, so the smallest payment is not the cheapest loan.
How Foreston compares across Minnesota
Within Minnesota, Foreston holds roughly 0.0% of all residents, the 461st-largest share among 853 places. For population change between 2020 and 2023, Foreston ranks 135th of 853 in Minnesota (about the 84th percentile). Its roughly 400 residents per square mile place it 545th among Minnesota's places. By land area, its 1.4 square miles rank 407th of 853 places in Minnesota.
Land, water and location for Foreston
Foreston covers about 1.4 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. The resulting density is about 400 people per square mile. Minneapolis, the largest place in Minnesota, is about 57 miles from Foreston. A 50-mile radius around Foreston takes in 96 places that are larger. By land area it ranks 407th of 853 Minnesota places.
Common questions
What are my options in Foreston if my credit is poor?
What loan size can I expect in Foreston?
Do I have to pledge anything to borrow in Foreston?
Does comparing loans in Foreston cost me credit score points?
Nearby places
- Milaca, MN — population 3,053
- Pease, MN — population 243
- Bock, MN — population 80
- Princeton, MN — population 5,312
- Foley, MN — population 2,673
- Gilman, MN — population 217
- Ogilvie, MN — population 399
- Zimmerman, MN — population 6,762