Personal loans in Iona, MN
Iona, Minnesota — home to about 164 people — is a small community, so the terms you are offered follow Minnesota law rather than any local rule.
Iona is home to roughly 164 people and stands 687th by size out of 853 Census places in Minnesota. From the 2020 Census base to the 2023 estimate, the population declined by about 0.6%. Every figure below is Minnesota's own, applied to Iona's 164 residents, with the publisher and retrieval date attached. Begin with the payment, then weigh APR and total interest across the lenders that reach Iona's 164 residents. The closest larger place is Slayton, MN about 5 miles away.
Iona by the numbers
Two layers matter for a Iona borrower: the local population picture and Minnesota's consumer-lending statutes.
- Population: 164 residents; Iona is the 687th-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
- Population trend: About 0.6% below the 2020 Census base.
- Change in people: the 2020-to-2023 comparison is a loss of about 1 residents.
- Size percentile: Iona's 164 people outrank roughly 19% of the places in Minnesota.
- Density: the Census land area of 0.5 sq mi holds about 301 people per square mile.
- By land area: Iona ranks 675th among Minnesota's 853 places, at 0.5 sq mi.
- Share of Minnesota: Iona holds about 0.0% of the state's population, some 164 people.
- Nationally: Iona is the 17,057th-largest of 19,457 Census places in the dataset.
- Growth rank: Iona ranks 405th among Minnesota's 853 places for the 2020-to-2023 change.
- State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Iona's 0.6%.
- Density in Minnesota: Iona ranks 610th by people per square mile.
- Density vs Minnesota: Iona's 301 people per square mile compare with a state median of 607.
- Location: 43.9156 / -95.7831, per the US Census Bureau Gazetteer.
- Nearest larger cities: Slayton (5 mi); Chandler (8 mi); Fulda (9 mi); Lake Wilson (10 mi); Wilmont (11 mi). Living near a larger metro rarely changes what is available in Iona.
- Nearest smaller towns: Hadley (7 mi); Avoca (7 mi); Dovray (15 mi).
- Within a 50-mile radius: 26 smaller Census places.
- Larger places within 100 miles: 293.
The Minnesota lending rules that reach Iona
When Minnesota does not publish a figure, the row links to the source instead of inventing a number; Iona is bound by the same rules.
| 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 |
| 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 |
| 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 |
The geography behind Iona
Inside Iona's boundaries lie about 0.5 square miles of land, with no significant water area recorded. That land carries about 301 people per square mile. For the state's biggest city, Minneapolis, the distance is roughly 144 miles. Iona has 80 larger places within a 50-mile radius. By land area it ranks 675th of 853 Minnesota places.
How Iona compares across Minnesota
Among Minnesota's 853 places, Iona sits at 687th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Iona ranks 405th of 853 in Minnesota (about the 53th percentile). At about 301 people per square mile, Iona is the 610th most densely settled place in Minnesota. The population moved by about 1 people between 2020 and 2023, a 0.6% shift.
Before you apply in Iona
Complete these steps first when you borrow in Iona (164 residents):
- Pull your credit reports first and correct any error before a lender sees the file.
- Run the numbers on the personal loan calculator so you know the payment before you apply.
- Get several pre-qualifications and compare APR side by side before choosing.
- Confirm the Minnesota licence with the regulator named above before committing.
- If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
- Read the disclosure for an origination fee and any prepayment penalty before signing.
- Check that the monthly payment fits your budget next to your existing obligations.
What differs between Iona and the rest of Minnesota is not the process but the borrower's own file, among the 164 people here.
How lenders reach Iona
At roughly 301 people per square mile, Iona is lightly settled; 80 larger places lie within 50 miles. Whether Iona has a local branch or not, a Minnesota-licensed lender can serve its 164 people online on the same terms. The nearest larger city, Slayton, MN about 5 miles away.
Common questions
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Nearby places
- Slayton, MN — population 1,977
- Hadley, MN — population 55
- Avoca, MN — population 108
- Wilmont, MN — population 320
- Chandler, MN — population 270
- Fulda, MN — population 1,333
- Lake Wilson, MN — population 246
- Currie, MN — population 215