Personal loans in Nelson, MN

Where Nelson stands

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

• Population: a Census-estimated 183, 661st among Minnesota's 853 places (Vintage 2023).
• Population trend: The 2020-to-2023 change is positive, near 1.7%.
• Change in people: the 2020-to-2023 comparison is a gain of about 3 residents.
• Size percentile: Nelson's 183 people outrank roughly 23% of the places in Minnesota.
• Population density: about 277 people per square mile (Census land area 0.7 sq mi).
• Land area: Nelson covers 0.7 square miles, the 631st-largest area among Minnesota's 853 places.
• Within Minnesota: about 0.0% of the state's population lives in Nelson.
• Nationally: Nelson is the 16,738th-largest of 19,457 Census places in the dataset.
• Growth rank: Nelson's 2020-to-2023 change ranks 187th of 853 places in Minnesota.
• Versus Minnesota: the state average change is +0.1%, while Nelson moved 1.7%.
• Density rank: Nelson is the 627th most densely settled place in Minnesota.
• Density vs Minnesota: Nelson's 277 people per square mile compare with a state median of 607.
• Location: coordinates 45.8865, -95.2649 (US Census Bureau Gazetteer).
• Nearest larger cities: Alexandria (5 mi); Osakis (6 mi); Carlos (6 mi); Miltona (11 mi); Garfield (12 mi). For most borrowers the comparison happens online, not at a branch.
• Nearest smaller places: Forada (8 mi); West Union (10 mi); Westport (13 mi).
• Smaller neighbours: 27 places smaller than Nelson sit within 50 miles.
• At 100 miles: 257 larger Census places fall inside that radius.

The Minnesota lending rules that reach Nelson

This table holds the Minnesota rate and licensing rules for consumer loans made to Nelson's 183 residents.

Getting a loan in Nelson

At roughly 277 people per square mile, Nelson is lightly settled; 75 larger places lie within 50 miles. Distance to a branch rarely matters for Nelson's 183 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Alexandria, MN about 5 miles away.

The anatomy of a Nelson personal loan

Most loans made to Nelson's 183 residents are unsecured, so nothing is pledged and the lender relies on your credit history. Because pricing is borrower-level, two people in Nelson can be quoted different APRs on the same amount and term. Shortening the term on a Nelson loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Where Nelson sits in Minnesota

Nelson is the 661st-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Nelson stands 187th among Minnesota's 853 places — roughly the 78th percentile. At about 277 people per square mile, Nelson is the 627th most densely settled place in Minnesota. In land area, Nelson ranks 631st among Minnesota's 853 places.

Nelson: area, density and distance

Inside Nelson's boundaries lie about 0.7 square miles of land, with no significant water area recorded. With 183 residents, the land area yields roughly 277 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 116 miles away. Within 50 miles of Nelson there are 75 larger Census places. By land area it ranks 631st of 853 Minnesota places.