Personal loans in Horace, ND

For the 5,643 people in Horace, North Dakota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Roughly 5,643 residents live in Horace, the 14th-largest community 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.

With roughly 5,643 residents, Horace is a small town, and the lending rules its borrowers live under are written in North Dakota, not by the city. The trend for Horace between 2020 and 2023 is upward by roughly 76.0%. Rate-shopping from Horace costs nothing at pre-qualification, where a soft pull leaves your credit file alone. The next larger city is West Fargo, ND about 7 miles away.

Horace by the numbers

Read the local figures below as context; read the sourced North Dakota table as the rulebook a lender here must follow.

Getting a loan in Horace

Horace is a lightly settled community of about 5,643 people, with 4 larger places inside a 50-mile radius. Distance to a branch rarely matters for Horace's 5,643 residents: the application is online and the price follows your credit file. The nearest bigger place is West Fargo, ND about 7 miles away.

The state rulebook for Horace

Every row below records a North Dakota rule, its publisher and its retrieval date — the same rules a Horace lender must follow.

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
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
Payday lending statusLegal for licensed deferred presentment service providers; fee capped at 20% of amount advanced; max $500 per transaction; $600 aggregate outstanding per customer.
Source says: "A licensee may charge a fee for the deferred presentment service, not to exceed twenty percent of the amount paid to the customer" (N.D.C.C. 13-08-12); "may not disburse more than five hundred dollars to the customer in a deferred presentment service transaction" (13-08-12.3).		North Dakota Legislative Branch
as of 2026-09-16

What to do before borrowing in Horace

Before you hand your details to a lender in Horace, where the population is near 5,643:

  1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
  2. Model the payment on the calculator before a lender models it for you.
  3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
  4. Confirm the North Dakota licence with the regulator named above before committing.
  5. Choose a term you can live with; stretching it lowers the payment but raises total interest.
  6. Keep the amount to the expense; an approval is not a reason to take more.
  7. Decide the purpose and how you will repay it before approaching any lender.

In Horace as elsewhere in North Dakota, the written terms — not the advertisement — are what count for its 5,643 residents.

Horace's place among North Dakota's 355 places

Among North Dakota's 355 places, Horace sits at 14th for population, a share of roughly 0.9% of the state. For population change between 2020 and 2023, Horace ranks 1st of 355 in North Dakota (about the 100th percentile). At about 445 people per square mile, Horace is the 151st most densely settled place in North Dakota. By land area, its 12.7 square miles rank 12th of 355 places in North Dakota.

Horace: area, density and distance

The Census Gazetteer records about 12.7 square miles of land within Horace, with no significant water area listed. With 5,643 residents, the land area yields roughly 445 people per square mile. The largest place in North Dakota, Fargo, lies about 8 miles away. A 50-mile radius around Horace takes in 4 places that are larger. By land area it ranks 12th of 355 North Dakota places.

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