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.

By the Personalloaner Editorial Team · Last updated 2026-09-16

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.

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.

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.

RuleDetailSource
State lending regulatorMinnesota 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 statusLegal 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):

  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. Shop at least three lenders and judge them on APR and total cost.
  4. Confirm the Minnesota licence with the regulator named above before committing.
  5. Test the payment against your current bills before you commit.
  6. Pick the shortest term whose payment you can comfortably afford.
  7. 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.

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 Jasper 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 Jasper is the same as anywhere in Minnesota.
What loan size can I expect in Jasper?
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 Jasper?
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 Jasper 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.

Nearby places

Related