Personal loans in Walters, MN

Walters, Minnesota — home to about 70 people — is a small community, so the terms you are offered follow Minnesota law rather than any local rule. Walters ranks 796th of 853 places in Minnesota, with a population near 70.

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 closest larger place is Kiester, MN about 5 miles away. Census figures show Walters holding steady across 2020 to 2023. Rate ceilings, licensing requirements and product limits for Walters are all set at the Minnesota level. Decide the purpose of the loan and your repayment plan before sharing any details with a Walters lender.

The Walters data picture

Here is the sourced Census picture for Walters, plus the Minnesota lending rules that apply to a loan taken out here.

Walters on the map

Inside Walters's boundaries lie about 0.2 square miles of land, with no significant water area recorded. The resulting density is about 354 people per square mile. Minneapolis, the largest place in Minnesota, is about 96 miles from Walters. Walters has 115 larger places within a 50-mile radius. Within the same 50 miles lie 4 smaller Census places.

Minnesota consumer-lending rules applied in Walters

This table holds the Minnesota rate and licensing rules for consumer loans made to Walters's 70 residents.

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

Getting a loan in Walters

At roughly 354 people per square mile, Walters is lightly settled; 115 larger places lie within 50 miles. Distance to a branch rarely matters for Walters's 70 residents: the application is online and the price follows your credit file. The nearest bigger place is Kiester, MN about 5 miles away.

What shapes a Walters personal loan

With roughly 70 residents, Walters is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. Two numbers drive a Walters loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Walters loan but raises total interest, so the smallest payment is not the cheapest loan.

Walters in state context

Walters is the 796th-largest of 853 Census places in Minnesota and contains about 0.0% of the state's people. For population change between 2020 and 2023, Walters ranks 341st of 853 in Minnesota (about the 60th percentile). By density, at about 354 people per square mile, it ranks 576th in Minnesota. In land area, Walters ranks 825th 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 Walters 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 Walters is the same as anywhere in Minnesota.
What loan size can I expect in Walters?
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 Walters?
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 Walters 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

Related