Personal loans in Winsted, MN

By population, Winsted sits at 250th in Minnesota, with an estimated 2,225 residents. Census figures put the 2020-to-2023 decrease in Winsted at about 0.8%. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Winsted loan. A larger market lies at Mayer, MN about 9 miles away.

The Winsted data picture

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

• Population: an estimated 2,225 residents, 250th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
• Population trend: Lower by roughly 0.8% since the 2020 count.
• Absolute change: 18 residents lost between 2020 and 2023.
• Size percentile: about 71% of Minnesota communities are smaller than Winsted (2,225 residents).
• Density: roughly 1,176 residents per square mile, spread over 1.9 sq mi of land.
• Land area: Winsted covers 1.9 square miles, the 339th-largest area among Minnesota's 853 places.
• Water: Winsted holds about 0.01 square miles, the 363rd-largest water area in Minnesota.
• State population share: Winsted accounts for about 0.0% of everyone in Minnesota.
• Nationally: Winsted is the 7,246th-largest of 19,457 Census places in the dataset.
• Growth in Minnesota: Winsted stands 438th by percentage change from 2020 to 2023, among 853 places.
• Versus Minnesota: the state average change is +0.1%, while Winsted moved 0.8%.
• Density rank: Winsted places 209th among Minnesota's places by people per square mile.
• Density vs Minnesota: Winsted's 1,176 people per square mile compare with a state median of 607.
• Location: the Census Gazetteer records it at 44.9582, -94.0503.
• Nearest larger cities: Mayer (9 mi); Montrose (10 mi); Watertown (10 mi); Cokato (11 mi); Delano (14 mi). For most borrowers the comparison happens online, not at a branch.
• Smaller places close by: Lester Prairie (5 mi); New Germany (6 mi); Howard Lake (7 mi).
• Within a 50-mile radius: 65 smaller Census places.
• At 100 miles: 206 larger Census places fall inside that radius.

How Minnesota law applies in Winsted

For the roughly 2,225 residents of Winsted, the rules below are Minnesota's own; each row carries its publisher and retrieval date.

Where Winsted sits

The Census Gazetteer records 1.9 square miles of land and 0.01 square miles of water within Winsted. Spread across it are roughly 1,176 residents per square mile. The largest place in Minnesota, Minneapolis, lies about 38 miles away. Winsted has 123 larger places within a 50-mile radius. By land area it ranks 339th of 853 Minnesota places.

A practical checklist for Winsted borrowers

Before you hand your details to a lender in Winsted, where the population is near 2,225:

1. Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Get several pre-qualifications and compare APR side by side before choosing.
4. Check the Minnesota regulator's records to confirm the lender is licensed here.
5. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
6. Read the disclosure for an origination fee and any prepayment penalty before signing.
7. Test the payment against your current bills before you commit.

None of these steps is Winsted-specific: the same Minnesota licensing and disclosure rules reach all 2,225 residents.

Getting a loan in Winsted

Winsted is moderately settled, with about 1,176 people per square mile and 123 larger places within 50 miles. What is available to Winsted's 2,225 borrowers is set by Minnesota licensing and your own credit, not by how many branches are nearby. The nearest bigger place is Mayer, MN about 9 miles away.

How personal loans work in Winsted

A Winsted personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 2,225 residents. Federal Truth in Lending rules require a Winsted lender to disclose the APR and finance charge before you sign. The term you choose in Winsted decides the split between a comfortable payment and the total interest you pay.