Personal loans in Henderson, MN
For a borrower among the roughly 975 residents of Henderson, a personal loan is a tool whose cost turns on the terms, not the address. At about 975 residents, Henderson is larger than roughly 58% of the places in Minnesota. Population in Henderson climbed about 2.2% over the three years from 2020 to 2023. Pull your credit reports and line up at least three offers before you apply from Henderson. The next larger city is Le Sueur, MN about 4 miles away. A single loan can carry different costs on either side of a state line, and Henderson sits on the Minnesota side of that line.
Henderson: population, trend and location
Set out below is Henderson's local context next to the state-level rules that reach every lender here.
- Population: the Census counts 975 residents in Henderson (Vintage 2023 subcounty estimate), the 361st-largest figure among Minnesota's 853 places.
- Population trend: Roughly 2.2% more residents than the 2020 Census counted.
- Absolute change: 21 residents added between 2020 and 2023.
- Size percentile: about 58% of Minnesota communities are smaller than Henderson (975 residents).
- Population density: about 908 people per square mile across 1.1 square miles of land (Census Gazetteer area, Vintage 2023 population).
- By land area: Henderson ranks 480th among Minnesota's 853 places, at 1.1 sq mi.
- Water: Henderson holds about 0.03 square miles, the 316th-largest water area in Minnesota.
- Share of Minnesota: Henderson holds about 0.0% of the state's population, some 975 people.
- National rank: Henderson is 10,321st of 19,457 places nationwide.
- Growth rank: Henderson's 2020-to-2023 change ranks 164th of 853 places in Minnesota.
- State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Henderson's 2.2%.
- Density rank: Henderson places 309th among Minnesota's places by people per square mile.
- Against the state median: Henderson runs about 908 residents per square mile, where the Minnesota median is 607.
- Location: mapped by the US Census Bureau at 44.5243, -93.9135.
- Nearest larger cities: Le Sueur (4 mi); Belle Plaine (10 mi); Arlington (10 mi); Le Center (13 mi); St. Peter (14 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
- Nearest smaller towns: Green Isle (12 mi); Heidelberg (14 mi); Cleveland (14 mi).
- Smaller neighbours: 50 places smaller than Henderson sit within 50 miles.
- At 100 miles: 290 larger Census places fall inside that radius.
Getting a loan in Henderson
At roughly 908 people per square mile, Henderson is moderately settled; 112 larger places lie within 50 miles. A Minnesota licence lets a lender serve Henderson without a local office, so branch density does not change what its 975 residents are offered. For a larger market, the closest option is Le Sueur, MN about 4 miles away.
The state rulebook for Henderson
These are Minnesota's sourced lending facts as they reach Henderson's 975 residents; the state has no city-level rate rule.
| 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 |
How a Henderson personal loan is priced
With roughly 975 residents, Henderson is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Because pricing is borrower-level, two people in Henderson can be quoted different APRs on the same amount and term. The term you choose in Henderson decides the split between a comfortable payment and the total interest you pay.
Henderson in state context
Among Minnesota's 853 places, Henderson sits at 361st for population, a share of roughly 0.0% of the state. Its 2020-to-2023 change ranks 164th of 853 Minnesota places, putting it near the 81th percentile for growth. By density, at about 908 people per square mile, it ranks 309th in Minnesota. Between 2020 and 2023 the count changed by roughly 21 residents.
Land, water and location for Henderson
The Census Gazetteer records 1.1 square miles of land and 0.03 square miles of water within Henderson. That land carries about 908 people per square mile. The largest place in Minnesota, Minneapolis, lies about 44 miles away. Counting outward 50 miles, 112 larger communities surround Henderson. Within the same 50 miles lie 50 smaller Census places.
Common questions
What are my options in Henderson if my credit is poor?
What loan size can I expect in Henderson?
Do I have to pledge anything to borrow in Henderson?
Does comparing loans in Henderson cost me credit score points?
Nearby places
- Le Sueur, MN — population 4,221
- Belle Plaine, MN — population 7,416
- Green Isle, MN — population 663
- Arlington, MN — population 2,305
- St. Peter, MN — population 12,291
- Hamburg, MN — population 553
- Cleveland, MN — population 765
- Le Center, MN — population 2,517