Personal loans in Lester Prairie, MN
With roughly 1,901 residents, Lester Prairie is a small community, and the lending rules its borrowers live under are written in Minnesota, not by the city.
Every figure below is Minnesota's own, applied to Lester Prairie's 1,901 residents, with the publisher and retrieval date attached. Roughly 1,901 residents live in Lester Prairie, the 272nd-largest community in Minnesota. Verify the lender's Minnesota licence against the regulator named below before borrowing in Lester Prairie. Population in Lester Prairie climbed about 0.2% over the three years from 2020 to 2023. For a bigger market, look to Winsted, MN about 5 miles away.
The Lester Prairie data picture
Most of what governs a Lester Prairie loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.
- Population: an estimated 1,901 residents, 272nd of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
- Population trend: About 0.2% above the 2020 Census base.
- People gained or lost: about 3 more since the 2020 base.
- Size percentile: roughly 68% of Minnesota places rank below Lester Prairie.
- Density: the Census land area of 1.0 sq mi holds about 1,895 people per square mile.
- Land area rank: Lester Prairie's 1.0 square miles rank 519th of 853 places in Minnesota.
- Share of state population: Lester Prairie's 1,901 residents are about 0.0% of Minnesota.
- Nationally: Lester Prairie is the 7,818th-largest of 19,457 Census places in the dataset.
- Growth rank: Lester Prairie's 2020-to-2023 change ranks 301st of 853 places in Minnesota.
- Versus Minnesota: the state average change is +0.1%, while Lester Prairie moved 0.2%.
- Density rank: Lester Prairie places 83rd among Minnesota's places by people per square mile.
- Density vs Minnesota: Lester Prairie's 1,895 people per square mile compare with a state median of 607.
- Location: the Census Gazetteer records it at 44.8833, -94.0370.
- Nearest larger cities: Winsted (5 mi); Mayer (7 mi); Glencoe (10 mi); Norwood Young America (10 mi); Watertown (11 mi). Larger metros often have more branches, but online lenders reach Lester Prairie on the same terms.
- Smaller places close by: New Germany (3 mi); Plato (8 mi); Silver Lake (8 mi).
- Within a 50-mile radius: 54 smaller Census places.
- Larger places within 100 miles: 221.
Lester Prairie's place among Minnesota's 853 places
Against Minnesota's other places, Lester Prairie accounts for about 0.0% of the state's population and ranks 272nd of 853 by size. On the 2020-to-2023 trend, Lester Prairie stands 301st among Minnesota's 853 places — roughly the 65th percentile. Its roughly 1,895 residents per square mile place it 83rd among Minnesota's places. Within 50 miles sit 54 smaller Census places, alongside the 129 that are larger.
Before you apply in Lester Prairie
A sensible order of operations for a loan in Lester Prairie, home to about 1,901 people:
- Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
- Run the numbers on the personal loan calculator so you know the payment before you apply.
- Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
- Confirm the lender holds a Minnesota licence by checking the regulator named above.
- When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
- Read the disclosure for an origination fee and any prepayment penalty before signing.
- Test the payment against your current bills before you commit.
In Lester Prairie as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 1,901 residents.
What is available to Lester Prairie borrowers
With about 1,895 residents per square mile, Lester Prairie is moderately settled, and 129 larger Census places sit within 50 miles. What is available to Lester Prairie's 1,901 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 Winsted, MN about 5 miles away.
Which Minnesota laws govern a loan in Lester Prairie
Minnesota has no separate rate rule for Lester Prairie; the sourced rows below are what reach every lender that serves its 1,901 people.
| 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 |
| 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 |
| 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 |
The geography behind Lester Prairie
Lester Prairie's land area is roughly 1.0 square miles, and the Gazetteer records no significant water area within it. The resulting density is about 1,895 people per square mile. The largest place in Minnesota, Minneapolis, lies about 38 miles away. Lester Prairie has 129 larger places within a 50-mile radius. Within the same 50 miles lie 54 smaller Census places.
Common questions
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Nearby places
- New Germany, MN — population 453
- Winsted, MN — population 2,225
- Plato, MN — population 325
- Mayer, MN — population 2,528
- Glencoe, MN — population 5,672
- Silver Lake, MN — population 861
- Norwood Young America, MN — population 3,811
- Hamburg, MN — population 553