Personal loans in Sharon, ND

The first question in Sharon is not the rate on offer but whether the payment fits; about 85 people live here under North Dakota lending law. The Census counts 85 people in Sharon, the 239th-largest figure among North Dakota's 355 places.

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.

The nearest larger metro is Finley, ND about 7 miles away. Sharon shed about 3.4% of its population between the 2020 base and the 2023 estimate. For the 85 people in Sharon, North Dakota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Begin with the payment, then weigh APR and total interest across the lenders that reach Sharon's 85 residents.

Sharon: population, trend and location

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

What to do before borrowing in Sharon

Before you apply in Sharon, a community of about 85, work through these steps:

  1. Pull your credit reports first and correct any error before a lender sees the file.
  2. Price the payment first with our personal loan calculator before any lender quotes you.
  3. Shop at least three lenders and judge them on APR and total cost.
  4. Confirm the lender holds a North Dakota licence by checking the regulator named above.
  5. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
  6. Check the disclosure for fees that raise the true cost above the quoted rate.
  7. Make sure the new payment leaves room in a budget you already keep.

What differs between Sharon and the rest of North Dakota is not the process but the borrower's own file, among the 85 people here.

Borrowing reach in Sharon

Sharon is sparsely settled, with about 57 people per square mile and 43 larger places within 50 miles. Distance to a branch rarely matters for Sharon's 85 residents: the application is online and the price follows your credit file. The nearest bigger place is Finley, ND about 7 miles away.

What North Dakota law requires in Sharon

This table holds the North Dakota rate and licensing rules for consumer loans made to Sharon's 85 residents.

RuleDetailSource
State lending regulatorNorth 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
Usury penalties (state-specific rule)Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor.
Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11).
North Dakota Legislative Branch
as of 2026-09-16
Maximum legal interest rate (usury cap)Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%.
Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%).
North Dakota Department of Financial Institutions
as of 2026-09-16

The geography behind Sharon

Sharon covers about 1.5 square miles of land, with 0.01 square miles of water inside its boundaries (Census Gazetteer). With 85 residents, the land area yields roughly 57 people per square mile. For the state's biggest city, Fargo, the distance is roughly 71 miles. A 50-mile radius around Sharon takes in 43 places that are larger. By land area it ranks 63rd of 355 North Dakota places.

Sharon against the rest of North Dakota

Set beside North Dakota's 355 places, Sharon ranks 239th by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Sharon ranks 279th of 355 in North Dakota (about the 21th percentile). By density, at about 57 people per square mile, it ranks 320th in North Dakota. By land area, its 1.5 square miles rank 63rd of 355 places in North Dakota.

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 Sharon 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 Sharon is the same as anywhere in North Dakota.
What loan size can I expect in Sharon?
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 Sharon?
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 Sharon 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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