Personal loans in Montrose, MN

Montrose is home to roughly 3,906 people and stands 183rd by size out of 853 Census places in Minnesota. Which products a lender may offer to Montrose's 3,906 residents follows from the Minnesota consumer-lending framework. Montrose added about 3.4% to its population between the 2020 base and the 2023 estimate. The closest larger city is Delano, MN about 7 miles away.

Montrose: population, trend and location

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

• Population: 3,906 — Montrose ranks 183rd of 853 communities in Minnesota (US Census Bureau, Vintage 2023).
• Population trend: A gain of roughly 3.4% between 2020 and 2023.
• People gained or lost: about 130 more since the 2020 base.
• Size percentile: Montrose sits ahead of around 79% of Minnesota places, at 3,906 people.
• Population density: 1,269 people per square mile on 3.1 square miles of land.
• Land area: Montrose covers 3.1 square miles, the 246th-largest area among Minnesota's 853 places.
• State share: roughly 0.1% of Minnesota's residents live in Montrose (3,906 people).
• National rank: Montrose sits 5,505th by population among the 19,457 places in this dataset.
• Growth rank: Montrose ranks 102nd among Minnesota's 853 places for the 2020-to-2023 change.
• State comparison: Minnesota's places average +0.1% for 2020-to-2023, against Montrose's 3.4%.
• Density rank: Montrose places 185th among Minnesota's places by people per square mile.
• Against the state median: Montrose runs about 1,269 residents per square mile, where the Minnesota median is 607.
• Location: it lies at 45.0665, -93.9203 in the Census Gazetteer.
• Nearest larger cities: Delano (7 mi); Watertown (8 mi); Buffalo (8 mi); Rockford (9 mi); Minnetrista (13 mi). Larger metros often have more branches, but online lenders reach Montrose on the same terms.
• Nearest smaller towns: Waverly (2 mi); Howard Lake (7 mi); Winsted (10 mi).
• Within a 50-mile radius: 87 smaller Census places.
• At 100 miles: 154 larger Census places fall inside that radius.

How Montrose compares across Minnesota

Set beside Minnesota's 853 places, Montrose ranks 183rd by population and holds about 0.1% of the state total. For population change between 2020 and 2023, Montrose ranks 102nd of 853 in Minnesota (about the 88th percentile). Its roughly 1,269 residents per square mile place it 185th among Minnesota's places. In land area, Montrose ranks 246th among Minnesota's 853 places.

Montrose on the map

Montrose's land area is roughly 3.1 square miles, and the Gazetteer records no significant water area within it. Spread across it are roughly 1,269 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 33 miles away. Counting outward 50 miles, 116 larger communities surround Montrose. Within the same 50 miles lie 87 smaller Census places.

The Montrose borrowing checklist

Before you hand your details to a lender in Montrose, where the population is near 3,906:

1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Line up several pre-qualified offers and let the APR decide.
4. Confirm the Minnesota licence with the regulator named above before committing.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Make sure the new payment leaves room in a budget you already keep.
7. Weigh a shorter term's higher payment against the interest it saves.

What differs between Montrose and the rest of Minnesota is not the process but the borrower's own file, among the 3,906 people here.

What shapes a Montrose personal loan

Most loans made to Montrose's 3,906 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Because pricing is borrower-level, two people in Montrose can be quoted different APRs on the same amount and term. The term you choose in Montrose decides the split between a comfortable payment and the total interest you pay.

How Minnesota law applies in Montrose

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