Personal loans in Fredonia, ND

For a borrower among the roughly 38 residents of Fredonia, a personal loan is a tool whose cost turns on the terms, not the address. With 38 residents, Fredonia outranks about 17% of the communities in North Dakota.

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

Compare loan offers Run the numbers first

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.

Price two or three terms so you can see which payment is truly affordable in Fredonia. For practical purposes, Fredonia's population was stable from the 2020 base to the 2023 estimate. A lender that serves Fredonia operates under North Dakota lending statutes and a North Dakota supervisor. The closest larger city is Kulm, ND about 7 miles away.

The Fredonia data picture

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

Where Fredonia sits in North Dakota

Fredonia is the 296th-largest of 355 Census places in North Dakota and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Fredonia stands 59th among North Dakota's 355 places — roughly the 83th percentile. By density, at about 158 people per square mile, it ranks 266th in North Dakota. The population moved by about 0 people between 2020 and 2023, a 0.0% shift.

How personal loans work in Fredonia

Fredonia is a small community of about 38 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Federal Truth in Lending rules require a Fredonia lender to disclose the APR and finance charge before you sign. The term you choose in Fredonia decides the split between a comfortable payment and the total interest you pay.

What to do before borrowing in Fredonia

A sensible order of operations for a loan in Fredonia, home to about 38 people:

  1. Get your credit reports, dispute what is wrong, and only then start shopping.
  2. Run the numbers on the personal loan calculator so you know the payment before you apply.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Confirm the North Dakota licence with the regulator named above before committing.
  5. Make sure the new payment leaves room in a budget you already keep.
  6. Choose a term you can live with; stretching it lowers the payment but raises total interest.
  7. Do not borrow more than the expense calls for, even if a lender approves a larger amount.

The process is identical across North Dakota; what changes is your credit file, not the fact that Fredonia holds 38 people.

What is available to Fredonia borrowers

Fredonia is lightly settled, with about 158 people per square mile and 28 larger places within 50 miles. What is available to Fredonia's 38 borrowers is set by North Dakota licensing and your own credit, not by how many branches are nearby. The nearest larger city, Kulm, ND about 7 miles away.

North Dakota consumer-lending rules applied in Fredonia

When North Dakota does not publish a figure, the row links to the source instead of inventing a number; Fredonia is bound by the same rules.

RuleDetailSource
State lending regulatorNorth Dakota Department of Financial Institutions (NDDFI)
Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters."		North Dakota Department of Financial Institutions
as of 2026-09-16
Usury penalties (state-specific rule)Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor.
Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11).		North Dakota Legislative Branch
as of 2026-09-16
Maximum legal interest rate (usury cap)Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%.
Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%).		North Dakota Department of Financial Institutions
as of 2026-09-16
Compare personal loan offers Run the numbers first

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 Fredonia 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 Fredonia is the same as anywhere in North Dakota.
What loan size can I expect in Fredonia?
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 Fredonia?
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 Fredonia 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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