Personal loans in Greenwald, MN
Two households in Greenwald with comparable incomes can still be offered different rates; the city's 206 residents are not the reason. An estimated 206 people make their home in Greenwald, a figure that ranks 648th in Minnesota.
A 2020-to-2023 comparison shows Greenwald up by about 3.5%. Verify the lender's Minnesota licence against the regulator named below before borrowing in Greenwald. For a bigger market, look to Elrosa, MN about 5 miles away. Which products a lender may offer to Greenwald's 206 residents follows from the Minnesota consumer-lending framework.
Greenwald: the sourced local profile
Set out below is Greenwald's local context next to the state-level rules that reach every lender here.
- Population: 206 residents; Greenwald is the 648th-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
- Population trend: A rise of about 3.5% from 2020 to 2023.
- Absolute change: 7 residents added between 2020 and 2023.
- Size percentile: with 206 residents, Greenwald is larger than about 24% of Minnesota's Census places.
- Density: roughly 289 residents per square mile, spread over 0.7 sq mi of land.
- Land area: Greenwald covers 0.7 square miles, the 614th-largest area among Minnesota's 853 places.
- Share of Minnesota: Greenwald holds about 0.0% of the state's population, some 206 people.
- National rank: Greenwald is the 16,390th most populous of the 19,457 Census places covered here.
- Growth in Minnesota: Greenwald stands 99th by percentage change from 2020 to 2023, among 853 places.
- Against the state trend: Greenwald's 3.5% change compares with a Minnesota average of +0.1% across its 853 places.
- Density in Minnesota: Greenwald ranks 621st by people per square mile.
- Density in context: Greenwald's 289 people per square mile sit against a Minnesota median of 607.
- Location: 45.6014, -94.8593 (US Census Bureau Gazetteer).
- Nearest larger cities: Elrosa (5 mi); New Munich (6 mi); Melrose (6 mi); Freeport (9 mi); Sauk Centre (10 mi). A branch is convenient; it is not what sets your APR.
- Nearest smaller places: Meire Grove (2 mi); Spring Hill (6 mi); Lake Henry (10 mi).
- Smaller neighbours: 28 places smaller than Greenwald sit within 50 miles.
- Within 100 miles: 353 places are larger than Greenwald.
The Minnesota lending rules that reach Greenwald
Every row below records a Minnesota rule, its publisher and its retrieval date — the same rules a Greenwald lender must follow.
| 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 |
| 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 |
| Payday lending status | Legal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603) Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis" | Minnesota Department of Commerce as of 2026-09-16 |
Where Greenwald sits in Minnesota
Within Minnesota, Greenwald holds roughly 0.0% of all residents, the 648th-largest share among 853 places. On the 2020-to-2023 trend, Greenwald stands 99th among Minnesota's 853 places — roughly the 88th percentile. By density, at about 289 people per square mile, it ranks 621st in Minnesota. The population moved by about 7 people between 2020 and 2023, a 3.5% shift.
Before you apply in Greenwald
For Greenwald's roughly 206 residents, these are the steps that most influence the offer:
- Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
- Model the payment on the calculator before a lender models it for you.
- Collect three or more offers and compare them on APR, not on the advertised rate.
- Make sure the lender appears in the Minnesota regulator's licence list.
- Make sure the new payment leaves room in a budget you already keep.
- Weigh a shorter term's higher payment against the interest it saves.
- Do not borrow more than the expense calls for, even if a lender approves a larger amount.
None of these steps is Greenwald-specific: the same Minnesota licensing and disclosure rules reach all 206 residents.
Greenwald on the map
Inside Greenwald's boundaries lie about 0.7 square miles of land, with no significant water area recorded. Spread across it are roughly 289 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 89 miles away. Counting outward 50 miles, 84 larger communities surround Greenwald. Within the same 50 miles lie 28 smaller Census places.
The anatomy of a Greenwald personal loan
Most loans made to Greenwald's 206 residents are unsecured, so nothing is pledged and the lender relies on your credit history. The rate you see advertised is a range, not a promise, until a lender reviews your file in Greenwald. Shortening the term on a Greenwald loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Common questions
What are my options in Greenwald if my credit is poor?
What loan size can I expect in Greenwald?
Do I have to pledge anything to borrow in Greenwald?
Does comparing loans in Greenwald cost me credit score points?
Nearby places
- Meire Grove, MN — population 184
- Spring Hill, MN — population 69
- Melrose, MN — population 3,611
- Elrosa, MN — population 221
- New Munich, MN — population 363
- Lake Henry, MN — population 76
- Sauk Centre, MN — population 4,610
- Freeport, MN — population 678