Personal loans in Montevideo, MN

Montevideo is home to roughly 5,235 people and stands 147th by size out of 853 Census places in Minnesota. The closest larger city is Willmar, MN about 34 miles away. Montevideo shed about 3.1% of its population between the 2020 base and the 2023 estimate. To lend to Montevideo's 5,235 residents, a company must hold a Minnesota licence, and each sourced row below names the regulator behind it. For a community of about 5,235, the practical step is to compare APR across at least three lenders before committing.

Montevideo: the sourced local profile

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

• Population: 5,235 — Montevideo ranks 147th of 853 communities in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: Down about 3.1% from the 2020 Census base to the 2023 estimate.
• Absolute change: 166 residents lost between 2020 and 2023.
• Size percentile: about 83% of Minnesota's Census places are smaller than Montevideo.
• Density: roughly 1,111 residents per square mile, spread over 4.7 sq mi of land.
• By land area: Montevideo ranks 173rd among Minnesota's 853 places, at 4.7 sq mi.
• Water area: Montevideo has 0.09 square miles of water, ranking 250th of 853 places in Minnesota.
• Within Minnesota: about 0.1% of the state's population lives in Montevideo.
• Nationally: Montevideo is the 4,701st-largest of 19,457 Census places in the dataset.
• Growth in Minnesota: Montevideo stands 751st by percentage change from 2020 to 2023, among 853 places.
• Versus Minnesota: the state average change is +0.1%, while Montevideo moved 3.1%.
• Density rank: Montevideo is the 234th most densely settled place in Minnesota.
• Density vs Minnesota: Montevideo's 1,111 people per square mile compare with a state median of 607.
• Location: the Census Gazetteer records it at 44.9502, -95.7154.
• Nearest larger cities: Willmar (34 mi); Marshall (35 mi); Litchfield (59 mi); Hutchinson (66 mi); Alexandria (66 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
• Nearest smaller towns: Watson (6 mi); Boyd (11 mi); Clarkfield (12 mi) — useful context for the surrounding area.
• Within a 50-mile radius: 85 smaller Census places.
• Larger places within 100 miles: 27.

Montevideo on the map

Inside Montevideo's boundaries lie roughly 4.7 square miles of land and 0.09 square miles of water. Spread across it are roughly 1,111 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 120 miles away. Within 50 miles of Montevideo there are 2 larger Census places. By land area it ranks 173rd of 853 Minnesota places.

A pre-application checklist for Montevideo

A sensible order of operations for a loan in Montevideo, home to about 5,235 people:

1. Get your credit reports, dispute what is wrong, and only then start shopping.
2. Model the payment on the calculator before a lender models it for you.
3. Collect three or more offers and compare them on APR, not on the advertised rate.
4. Check the Minnesota regulator's records to confirm the lender is licensed here.
5. Keep the amount to the expense; an approval is not a reason to take more.
6. Decide the purpose and how you will repay it before approaching any lender.
7. When debt already feels heavy, a nonprofit credit counsellor is worth a call first.

The process is identical across Minnesota; what changes is your credit file, not the fact that Montevideo holds 5,235 people.

Lender access in Montevideo

Montevideo is moderately settled, with about 1,111 people per square mile and 2 larger places within 50 miles. A Minnesota licence lets a lender serve Montevideo without a local office, so branch density does not change what its 5,235 residents are offered. The nearest larger city, Willmar, MN about 34 miles away.

Minnesota consumer-lending rules applied in Montevideo

This table holds the Minnesota rate and licensing rules for consumer loans made to Montevideo's 5,235 residents.

Montevideo in state context

Against Minnesota's other places, Montevideo accounts for about 0.1% of the state's population and ranks 147th of 853 by size. On the 2020-to-2023 trend, Montevideo stands 751st among Minnesota's 853 places — roughly the 12th percentile. At about 1,111 people per square mile, Montevideo is the 234th most densely settled place in Minnesota. Within 50 miles sit 85 smaller Census places, alongside the 2 that are larger.