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Personal loans in Lake Benton, MN

The 2020 count to the 2023 estimate shows about 3.0% decline in Lake Benton. Lake Benton counts about 669 people, and what is genuinely local about borrowing here is limited — Minnesota law does the governing. The Census estimates 669 residents in Lake Benton, which ranks it 431st of 853 places in Minnesota. For a bigger market, look to Tyler, MN about 8 miles away. For the 669 people in Lake Benton, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Work out your debt-to-income ratio first; lenders weigh it heavily, and Lake Benton's 669 residents are no exception.

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.

Lake Benton: the sourced local profile

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

Lake Benton in state context

Within Minnesota, Lake Benton holds roughly 0.0% of all residents, the 431st-largest share among 853 places. On the 2020-to-2023 trend, Lake Benton stands 748th among Minnesota's 853 places — roughly the 12th percentile. At about 209 people per square mile, Lake Benton is the 673rd most densely settled place in Minnesota. Between 2020 and 2023 the count changed by roughly 21 residents.

The state rulebook for Lake Benton

When Minnesota does not publish a figure, the row links to the source instead of inventing a number; Lake Benton is bound by the same rules.

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
Payday ability-to-repay requirementRequired 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
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

Where Lake Benton sits

Inside Lake Benton's boundaries lie roughly 3.2 square miles of land and 0.84 square miles of water. With 669 residents, the land area yields roughly 209 people per square mile. Minneapolis, the largest place in Minnesota, is about 157 miles from Lake Benton. Counting outward 50 miles, 33 larger communities surround Lake Benton. The 100-mile radius contains 122 larger places.

What is available to Lake Benton borrowers

Lake Benton is a lightly settled community of about 669 people, with 33 larger places inside a 50-mile radius. What is available to Lake Benton's 669 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. The nearest larger city, Tyler, MN about 8 miles away.

Inside a Lake Benton personal loan

Lake Benton is a small community of about 669 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Two numbers drive a Lake Benton loan: the APR, which includes fees, and the term, which decides how long you keep paying. Because the payment is fixed, the total cost of a Lake Benton loan is knowable in advance — unlike a revolving card balance.

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