Personal loans in Hadley, MN

A personal loan taken out in Hadley, Minnesota is priced from your credit file and your income, not from your address. Roughly 55 residents live in Hadley, the 820th-largest community in Minnesota. The city's population held flat through the 2020-to-2023 comparison. State law, not city hall, decides what a lender may do in Minnesota, and a state regulator supervises it; the source is named below. Begin with the payment, then weigh APR and total interest across lenders. The nearest larger city is Slayton, MN about 5 miles away.

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

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Borrowing in Hadley: the local picture

Set out below is Hadley's local context next to the state-level rules that reach every lender here.

Population: the Census counts 55 residents in Hadley (Vintage 2023 subcounty estimate), the 820th-largest figure among Minnesota's 853 places.
Population trend: Steady across the 2020-to-2023 comparison.
Size percentile: roughly 4% of Minnesota places rank below it.
Location: it lies at 44.0018, -95.8556 in the Census Gazetteer.
Nearest larger cities: Slayton (5 mi); Lake Wilson (5 mi); Chandler (7 mi); Iona (7 mi); Currie (11 mi). Larger metros often have more branches, but online lenders reach Hadley on the same terms.
Nearest smaller towns: Dovray (16 mi); Hatfield (17 mi); Florence (19 mi).

What Minnesota law requires in Hadley

Each figure in the table below carries a publisher and a date; where the state publishes nothing, we point to the source rather than estimate.

Rule	Detail	Source
Small-loan / installment lender licensing	Regulated 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
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
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

What a Hadley personal loan looks like

Most personal loans made to Hadley residents are unsecured, so no collateral is pledged and the lender leans on your credit history. Compare the APR rather than the interest rate, because origination fees and sometimes prepayment penalties are folded into it. Deal only with a lender licensed in Minnesota, which you can check with the regulator named below.

A pre-application checklist for Hadley

Before you hand your details to a lender in Hadley:

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
Price the payment first with our personal loan calculator before any lender quotes you.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Confirm the lender holds a Minnesota licence by checking the regulator named above.
Check that the monthly payment fits your budget next to your existing obligations.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Hadley 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 Hadley is the same as anywhere in Minnesota.

What loan size can I expect in Hadley?

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 Hadley?

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 Hadley 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.

Nearby places

Slayton, MN — population 1,977
Lake Wilson, MN — population 246
Iona, MN — population 164
Chandler, MN — population 270
Currie, MN — population 215
Avoca, MN — population 108
Garvin, MN — population 119
Balaton, MN — population 583