Personal loans in Roosevelt, MN

Two households in Roosevelt with comparable incomes can still be offered different rates; the city's 153 residents are not the reason. At about 153 residents, Roosevelt is larger than roughly 18% of the places in Minnesota. Pull your credit reports and line up at least three offers before you apply from Roosevelt. Roosevelt lost roughly 2.5% of its population across the 2020-to-2023 comparison. When Minnesota caps or restricts a product, lenders either change the terms or withdraw it from Roosevelt as from the rest of the state. For a bigger market, look to Williams, MN about 7 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

What the Census records for Roosevelt

Two layers matter for a Roosevelt borrower: the local population picture and Minnesota's consumer-lending statutes.

Land, water and location for Roosevelt

Roosevelt covers about 1.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. Spread across it are roughly 149 residents per square mile. Minneapolis, the largest place in Minnesota, is about 279 miles from Roosevelt. Within 50 miles of Roosevelt there are 7 larger Census places. The 100-mile radius contains 44 larger places.

A practical checklist for Roosevelt borrowers

Before you hand your details to a lender in Roosevelt, where the population is near 153:

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Use the loan calculator to test the payment on your intended amount and term.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Make sure the lender appears in the Minnesota regulator's licence list.
  5. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
  6. Decide the purpose and how you will repay it before approaching any lender.
  7. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

In Roosevelt as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 153 residents.

The state rulebook for Roosevelt

For the roughly 153 residents of Roosevelt, the rules below are Minnesota's own; each row carries its publisher and retrieval date.

RuleDetailSource
State lending regulatorMinnesota Department of Commerce (commissioner of commerce)
Source says: ""Commissioner" means the commissioner of commerce"
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16
Payday lending statusLegal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603)
Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis"
Minnesota Department of Commerce
as of 2026-09-16
Small-loan / installment lender licensingRegulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01)
Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money"
Minnesota Legislature, Office of the Revisor of Statutes
as of 2026-09-16

How a Roosevelt personal loan is priced

In Roosevelt, a small community of about 153, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The rate you see advertised is a range, not a promise, until a lender reviews your file in Roosevelt. Because the payment is fixed, the total cost of a Roosevelt loan is knowable in advance — unlike a revolving card balance.

Roosevelt in state context

Against Minnesota's other places, Roosevelt accounts for about 0.0% of the state's population and ranks 698th of 853 by size. Its 2020-to-2023 change ranks 684th of 853 Minnesota places, putting it near the 20th percentile for growth. Its roughly 149 residents per square mile place it 722nd among Minnesota's places. In land area, Roosevelt ranks 499th among Minnesota's 853 places.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Roosevelt if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Roosevelt is the same as anywhere in Minnesota.
What loan size can I expect in Roosevelt?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Roosevelt?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Roosevelt cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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