Personal loans in Jasper, MN
A personal loan in Jasper is priced from your credit file and income, not from the fact that the city holds 596 people.
To lend to Jasper's 596 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. With 596 residents, Jasper outranks about 47% of the communities in Minnesota. Decide the purpose of the loan and your repayment plan before sharing any details with a Jasper lender. Jasper shed about 2.8% of its population between the 2020 base and the 2023 estimate. The closest larger city is Garretson, SD about 11 miles away.
Borrowing in Jasper: the local picture
Most of what governs a Jasper loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.
- Population: 596 — Jasper ranks 452nd of 853 communities in Minnesota (US Census Bureau, Vintage 2023).
- Population trend: A decline of about 2.8% across the 2020-to-2023 comparison.
- Absolute change: 17 residents lost between 2020 and 2023.
- Size percentile: Jasper sits ahead of around 47% of Minnesota places, at 596 people.
- Land and density: 1.0 square miles of land carry roughly 585 residents per square mile.
- By land area: Jasper ranks 503rd among Minnesota's 853 places, at 1.0 sq mi.
- Share of state population: Jasper's 596 residents are about 0.0% of Minnesota.
- National standing: Jasper ranks 12,454th of 19,457 US places.
- Growth rank: Jasper's 2020-to-2023 change ranks 719th of 853 places in Minnesota.
- State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Jasper's 2.8%.
- Density rank: Jasper places 438th among Minnesota's places by people per square mile.
- Against the state median: Jasper runs about 585 residents per square mile, where the Minnesota median is 607.
- Location: latitude 43.8489, longitude -96.3996 (Census Gazetteer).
- Nearest larger cities: Garretson (11 mi); Pipestone (11 mi); Edgerton (14 mi); Dell Rapids (16 mi); Luverne (16 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Smaller communities close by: Ihlen (5 mi); Sherman (7 mi); Trosky (8 mi), each with its own Census population profile.
- Smaller neighbours: 57 places smaller than Jasper sit within 50 miles.
- Larger places within 100 miles: 149.
Where Jasper sits in Minnesota
Set beside Minnesota's 853 places, Jasper ranks 452nd by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Jasper ranks 719th of 853 in Minnesota (about the 16th percentile). Its roughly 585 residents per square mile place it 438th among Minnesota's places. Within 50 miles sit 57 smaller Census places, alongside the 45 that are larger.
The state rulebook for Jasper
For the roughly 596 residents of Jasper, the rules below are Minnesota's own; each row carries its publisher and retrieval date.
| 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 |
What is available to Jasper borrowers
With about 585 residents per square mile, Jasper is moderately settled, and 45 larger Census places sit within 50 miles. What is available to Jasper's 596 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. For a larger market, the closest option is Garretson, SD about 11 miles away.
The geography behind Jasper
Inside Jasper's boundaries lie about 1.0 square miles of land, with no significant water area recorded. The resulting density is about 585 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 173 miles away. Counting outward 50 miles, 45 larger communities surround Jasper. Within the same 50 miles lie 57 smaller Census places.
A practical checklist for Jasper borrowers
Complete these steps first when you borrow in Jasper (596 residents):
- Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
- Model the payment on the calculator before a lender models it for you.
- Shop at least three lenders and judge them on APR and total cost.
- Confirm the Minnesota licence with the regulator named above before committing.
- Test the payment against your current bills before you commit.
- Pick the shortest term whose payment you can comfortably afford.
- Keep the amount to the expense; an approval is not a reason to take more.
None of these steps is Jasper-specific: the same Minnesota licensing and disclosure rules reach all 596 residents.
Common questions
What are my options in Jasper if my credit is poor?
What loan size can I expect in Jasper?
Do I have to pledge anything to borrow in Jasper?
Does comparing loans in Jasper cost me credit score points?
Nearby places
- Ihlen, MN — population 59
- Sherman, SD — population 75
- Trosky, MN — population 102
- Garretson, SD — population 1,175
- Pipestone, MN — population 4,103
- Hardwick, MN — population 181
- Hatfield, MN — population 51
- Beaver Creek, MN — population 274