Personal loans in Mylo, ND
The roughly 18 people who live in Mylo borrow under North Dakota rules; city hall sets no personal-loan rate. By population, Mylo sits at 329th in North Dakota, with an estimated 18 residents. Pull your credit reports and line up at least three offers before you apply from Mylo. Population in Mylo dropped about 5.3% over the three years from 2020 to 2023. A single loan can carry different costs on either side of a state line, and Mylo sits on the North Dakota side of that line. The next larger city is Wolford, ND about 10 miles away.
Mylo: the sourced local profile
Only a few things actually differ by place — population, area, location, and the North Dakota rules a lender must follow — and they are below.
- Population: 18 people, a figure that places Mylo 329th among the 355 Census places in North Dakota (US Census Bureau, Vintage 2023).
- Population trend: A drop of about 5.3% from 2020 to 2023.
- People gained or lost: about 1 fewer since the 2020 base.
- Size percentile: Mylo's 18 people outrank roughly 7% of the places in North Dakota.
- Population density: about 21 people per square mile across 0.9 square miles of land (Census Gazetteer area, Vintage 2023 population).
- Land area rank: Mylo's 0.9 square miles rank 130th of 355 places in North Dakota.
- State population share: Mylo accounts for about 0.0% of everyone in North Dakota.
- National standing: Mylo ranks 19,364th of 19,457 US places.
- Growth rank: Mylo's 2020-to-2023 change ranks 340th of 355 places in North Dakota.
- Against the state trend: Mylo's 5.3% change compares with a North Dakota average of -1.2% across its 355 places.
- Density in North Dakota: Mylo ranks 346th by people per square mile.
- Density vs North Dakota: Mylo's 21 people per square mile compare with a state median of 352.
- Location: mapped by the US Census Bureau at 48.6358, -99.6179.
- Nearest larger cities: Wolford (10 mi); Rolette (10 mi); Bisbee (11 mi); Rolla (14 mi); Rocklake (20 mi). Larger metros often have more branches, but online lenders reach Mylo on the same terms.
- Smaller communities within reach: Perth (9 mi); York (22 mi); Hansboro (24 mi).
- Smaller neighbours: 10 places smaller than Mylo sit within 50 miles.
- At 100 miles: 106 larger Census places fall inside that radius.
What to do before borrowing in Mylo
Before you apply in Mylo, a community of about 18, work through these steps:
- Start with the credit file: order the reports, fix the errors, then apply.
- Use the loan calculator to test the payment on your intended amount and term.
- Line up several pre-qualified offers and let the APR decide.
- Confirm the lender holds a North Dakota licence by checking the regulator named above.
- Keep the amount to the expense; an approval is not a reason to take more.
- Write down the purpose of the loan and your repayment plan before you apply.
- When debt already feels heavy, a nonprofit credit counsellor is worth a call first.
None of these steps is Mylo-specific: the same North Dakota licensing and disclosure rules reach all 18 residents.
North Dakota consumer-lending rules applied in Mylo
When North Dakota does not publish a figure, the row links to the source instead of inventing a number; Mylo is bound by the same rules.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | North Dakota Department of Financial Institutions (NDDFI) Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters." | North Dakota Department of Financial Institutions as of 2026-09-16 |
| Payday lending status | Legal for licensed deferred presentment service providers; fee capped at 20% of amount advanced; max $500 per transaction; $600 aggregate outstanding per customer. Source says: "A licensee may charge a fee for the deferred presentment service, not to exceed twenty percent of the amount paid to the customer" (N.D.C.C. 13-08-12); "may not disburse more than five hundred dollars to the customer in a deferred presentment service transaction" (13-08-12.3). | North Dakota Legislative Branch as of 2026-09-16 |
| Small-loan / installment lender licensing | Money broker license required to engage in money brokering (arranging/providing loans); issued by the commissioner of financial institutions. Source says: "may not engage in money brokering in the state of North Dakota without a money broker license issued by the commissioner" (N.D.C.C. 13-04.1-02). | North Dakota Legislative Branch as of 2026-09-16 |
Mylo on the map
The Census Gazetteer records about 0.9 square miles of land within Mylo, with no significant water area listed. That land carries about 21 people per square mile. The largest place in North Dakota, Fargo, lies about 178 miles away. Counting outward 50 miles, 27 larger communities surround Mylo. Within the same 50 miles lie 10 smaller Census places.
Mylo in state context
Against North Dakota's other places, Mylo accounts for about 0.0% of the state's population and ranks 329th of 355 by size. Its 2020-to-2023 change ranks 340th of 355 North Dakota places, putting it near the 4th percentile for growth. Its roughly 21 residents per square mile place it 346th among North Dakota's places. Within 50 miles sit 10 smaller Census places, alongside the 27 that are larger.
How lenders reach Mylo
With about 21 residents per square mile, Mylo is sparsely settled, and 27 larger Census places sit within 50 miles. Lenders licensed in North Dakota reach Mylo's 18 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Wolford, ND about 10 miles away.
Common questions
What are my options in Mylo if my credit is poor?
What loan size can I expect in Mylo?
Do I have to pledge anything to borrow in Mylo?
Does comparing loans in Mylo cost me credit score points?
Nearby places
- Wolford, ND — population 43
- Perth, ND — population 5
- Rolla, ND — population 1,165
- Rolette, ND — population 462
- Bisbee, ND — population 100
- Knox, ND — population 20
- St. John, ND — population 313
- York, ND — population 14