Personal loans in Marshall, MN

The Census estimates 13,906 residents in Marshall, which ranks it 81st of 853 places in Minnesota. Population in Marshall climbed about 0.1% over the three years from 2020 to 2023.

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.

In Marshall, one of 853 Census places in Minnesota, the figure to compare across lenders is the APR, not the advertised rate. Every figure below is Minnesota's own, applied to Marshall's 13,906 residents, with the publisher and retrieval date attached. Rate-shopping from Marshall costs nothing at pre-qualification, where a soft pull leaves your credit file alone. Borrowers who want a bigger city can look to Brookings, SD about 50 miles away.

Marshall: the sourced local profile

Most of what governs a Marshall loan is written in Minnesota law rather than in the city; the sourced notes below make that split concrete.

Which Minnesota laws govern a loan in Marshall

Read the table as a lender's compliance picture for Marshall: the rule, the sourced figure, the publisher and the 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
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
Small-loan / installment lender licensingRegulated 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

What shapes a Marshall personal loan

A Marshall personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 13,906 residents. A lender serving Marshall's 13,906 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Marshall loan but raises total interest, so the smallest payment is not the cheapest loan.

Marshall in state context

Against Minnesota's other places, Marshall accounts for about 0.3% of the state's population and ranks 81st of 853 by size. For population change between 2020 and 2023, Marshall ranks 307th of 853 in Minnesota (about the 64th percentile). Its roughly 1,345 residents per square mile place it 171st among Minnesota's places. Between 2020 and 2023 the count changed by roughly 16 residents.

The geography behind Marshall

The Census Gazetteer records about 10.3 square miles of land within Marshall, with no significant water area listed. Spread across it are roughly 1,345 residents per square mile. Minneapolis, the largest place in Minnesota, is about 129 miles from Marshall. Counting outward 50 miles, 0 larger communities surround Marshall. By land area it ranks 111th of 853 Minnesota places.

Lender access in Marshall

Marshall is moderately settled, with about 1,345 people per square mile and 0 larger places within 50 miles. What is available to Marshall's 13,906 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. The nearest bigger place is Brookings, SD about 50 miles away.

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