Personal loans in Shevlin, MN

Personal loans in Shevlin are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 142 population. Shevlin is one of 853 Census places in Minnesota; its 142 residents put it at 706th. The trend for Shevlin between 2020 and 2023 is upward by roughly 1.4%. Begin with the payment, then weigh APR and total interest across the lenders that reach Shevlin's 142 residents. The closest larger place is Bagley, MN about 7 miles away. Consumer lending that reaches Shevlin's 142 residents is governed by Minnesota statute; no city ordinance changes it.

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 Shevlin data picture

What follows is Shevlin's place in the Census record, alongside the Minnesota rules that govern a personal loan made here.

Land, water and location for Shevlin

The Census Gazetteer records about 0.8 square miles of land within Shevlin, with no significant water area listed. Spread across it are roughly 176 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 201 miles away. Shevlin has 25 larger places within a 50-mile radius. Within the same 50 miles lie 13 smaller Census places.

The Minnesota lending rules that reach Shevlin

For the roughly 142 residents of Shevlin, 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
Maximum legal interest rate (usury cap)6% per year legal rate of interest; a different rate may be contracted for in writing (Minn. Stat. § 334.01)
Source says: "The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year"
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

Shevlin's place among Minnesota's 853 places

Against Minnesota's other places, Shevlin accounts for about 0.0% of the state's population and ranks 706th of 853 by size. On the 2020-to-2023 trend, Shevlin stands 209th among Minnesota's 853 places — roughly the 75th percentile. Its roughly 176 residents per square mile place it 694th among Minnesota's places. The population moved by about 2 people between 2020 and 2023, a 1.4% shift.

Borrowing reach in Shevlin

At roughly 176 people per square mile, Shevlin is lightly settled; 25 larger places lie within 50 miles. Lenders licensed in Minnesota reach Shevlin's 142 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Bagley, MN about 7 miles away.

How a Shevlin personal loan is priced

In Shevlin, a small community of about 142, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. The APR tracks your credit score rather than Shevlin's rank of 706th in Minnesota: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. Because the payment is fixed, the total cost of a Shevlin loan is knowable in advance — unlike a revolving card balance.

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 Shevlin 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 Shevlin is the same as anywhere in Minnesota.
What loan size can I expect in Shevlin?
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 Shevlin?
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 Shevlin 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.

Nearby places

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