Personal loans in Hermantown, MN

Hermantown is a small town of about 10,202 residents, and a personal loan taken out here is governed by Minnesota statute. Price two or three terms so you can see which payment is truly affordable in Hermantown. For the 10,202 people in Hermantown, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. The nearest larger metro is Duluth, MN about 5 miles away.

Borrowing in Hermantown: the local picture

Hermantown is a small town; the notes below cover its population profile and the statewide rules that apply.

• Population: a Census-estimated 10,202, 101st among Minnesota's 853 places (Vintage 2023).
• Population trend: A loss of roughly 0.2% between 2020 and 2023.
• Change in people: the 2020-to-2023 comparison is a loss of about 20 residents.
• Size percentile: bigger than about 88% of the places in Minnesota, with 10,202 residents in Hermantown.
• Density: the Census land area of 34.4 sq mi holds about 297 people per square mile.
• Land area: Hermantown covers 34.4 square miles, the 23rd-largest area among Minnesota's 853 places.
• Water area: Hermantown has 0.02 square miles of water, ranking 341st of 853 places in Minnesota.
• Share of Minnesota: Hermantown holds about 0.2% of the state's population, some 10,202 people.
• National rank: Hermantown is 3,117th of 19,457 places nationwide.
• Growth rank: Hermantown's 2020-to-2023 change ranks 366th of 853 places in Minnesota.
• Against the state trend: Hermantown's 0.2% change compares with a Minnesota average of +0.1% across its 853 places.
• Density in Minnesota: Hermantown ranks 616th by people per square mile.
• Density in context: Hermantown's 297 people per square mile sit against a Minnesota median of 607.
• Location: the Census Gazetteer records it at 46.8023, -92.2408.
• Nearest larger cities: Duluth (5 mi); Superior (11 mi); Cloquet (13 mi); Hibbing (53 mi); Grand Rapids (68 mi). Living near a larger metro rarely changes what is available in Hermantown.
• Smaller places nearby: Proctor (4 mi); Rice Lake (9 mi); Scanlon (11 mi).
• Smaller places within 50 miles: 32 of them.
• At 100 miles: 8 larger Census places fall inside that radius.

Getting a loan in Hermantown

At roughly 297 people per square mile, Hermantown is lightly settled; 3 larger places lie within 50 miles. Distance to a branch rarely matters for Hermantown's 10,202 residents: the application is online and the price follows your credit file. The nearest larger city, Duluth, MN about 5 miles away.

What Minnesota law requires in Hermantown

Below are the Minnesota rules that apply to a loan made in Hermantown, each with the regulator that issued it.

Hermantown: area, density and distance

Inside Hermantown's boundaries lie roughly 34.4 square miles of land and 0.02 square miles of water. That land carries about 297 people per square mile. The largest place in Minnesota, Minneapolis, lies about 136 miles away. A 50-mile radius around Hermantown takes in 3 places that are larger. The 100-mile radius contains 8 larger places.

How Hermantown compares across Minnesota

Hermantown is the 101st-largest of 853 Census places in Minnesota and contains about 0.2% of the state's people. For population change between 2020 and 2023, Hermantown ranks 366th of 853 in Minnesota (about the 57th percentile). Its roughly 297 residents per square mile place it 616th among Minnesota's places. By land area, its 34.4 square miles rank 23rd of 853 places in Minnesota.

How a Hermantown personal loan is priced

A Hermantown personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 10,202 residents. Because pricing is borrower-level, two people in Hermantown can be quoted different APRs on the same amount and term. A longer term lowers the monthly payment on a Hermantown loan but raises total interest, so the smallest payment is not the cheapest loan.