Personal loans in McGrath, MN

A larger market lies at Isle, MN about 11 miles away. McGrath's population was effectively unchanged from the 2020 count to the 2023 estimate. For the 43 people in McGrath, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Compare APR, not the interest rate, because the APR folds in most fees on a McGrath loan.

Local context for McGrath

McGrath is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: 43 people, a figure that places McGrath 834th among the 853 Census places in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: Stable from the 2020 base to 2023.
• Size percentile: bigger than about 2% of the places in Minnesota, with 43 residents in McGrath.
• Population density: 116 people per square mile on 0.4 square miles of land.
• By land area: McGrath ranks 752nd among Minnesota's 853 places, at 0.4 sq mi.
• State population share: McGrath accounts for about 0.0% of everyone in Minnesota.
• Nationally: McGrath is the 19,068th-largest of 19,457 Census places in the dataset.
• Growth rank: McGrath ranks 349th among Minnesota's 853 places for the 2020-to-2023 change.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against McGrath's 0.0%.
• Density rank: McGrath is the 749th most densely settled place in Minnesota.
• Against the state median: McGrath runs about 116 residents per square mile, where the Minnesota median is 607.
• Location: mapped by the US Census Bureau at 46.2421, -93.2751.
• Nearest larger cities: Isle (11 mi); Wahkon (15 mi); Finlayson (17 mi); Rutledge (19 mi); Sandstone (21 mi). Larger metros often have more branches, but online lenders reach McGrath on the same terms.
• Nearest smaller towns: Denham (18 mi); Hillman (34 mi); Boy River (76 mi) — useful context for the surrounding area.
• Smaller neighbours: 2 places smaller than McGrath sit within 50 miles.
• At 100 miles: 377 larger Census places fall inside that radius.

The state rulebook for McGrath

This table holds the Minnesota rate and licensing rules for consumer loans made to McGrath's 43 residents.

How McGrath compares across Minnesota

McGrath is the 834th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. On the 2020-to-2023 trend, McGrath stands 349th among Minnesota's 853 places — roughly the 59th percentile. At about 116 people per square mile, McGrath is the 749th most densely settled place in Minnesota. The population moved by about 0 people between 2020 and 2023, a 0.0% shift.

Getting a loan in McGrath

McGrath is a lightly settled community of about 43 people, with 60 larger places inside a 50-mile radius. A Minnesota licence lets a lender serve McGrath without a local office, so branch density does not change what its 43 residents are offered. The nearest bigger place is Isle, MN about 11 miles away.

Inside a McGrath personal loan

A McGrath personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 43 residents. The APR tracks your credit score rather than McGrath's rank of 834th in Minnesota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. A longer term lowers the monthly payment on a McGrath loan but raises total interest, so the smallest payment is not the cheapest loan.

Before you apply in McGrath

Complete these steps first when you borrow in McGrath (43 residents):

1. Get your credit reports, dispute what is wrong, and only then start shopping.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. Decide the purpose and how you will repay it before approaching any lender.
6. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
7. Check the disclosure for fees that raise the true cost above the quoted rate.

What differs between McGrath and the rest of Minnesota is not the process but the borrower's own file, among the 43 people here.