Chisago City at a glance
- Population: 5,698 (US Census Bureau, Vintage 2023 subcounty estimate), the 138th-largest of 853 places in Minnesota.
- 2020 Census base: the 2020 count put the population at 5,572 (US Census Bureau).
- 2020 to 2023 change: a gain of roughly 2.3% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Minnesota places: 138th-largest of 853 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 84% of the places in Minnesota (US Census Bureau).
- Coordinates: it sits at 45.3723, -92.9167 in the US Census Bureau Gazetteer.
- Nearest larger cities: Wyoming, MN (3 mi); Forest Lake, MN (9 mi); North Branch, MN (10 mi); Hugo, MN (15 mi); East Bethel, MN (15 mi); each population is a US Census Bureau estimate.
- Smaller towns nearby: Lindstrom, MN (4 mi); Stacy, MN (4 mi); Center City, MN (5 mi) (US Census Bureau).
What a personal loan costs in Chisago City
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Minnesota lending rules that apply in Chisago City
The sourced rows below are the rules a licensed lender must follow when lending in Minnesota, and therefore in Chisago City.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota 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 ability-to-repay requirement | Required for payday loans with an APR above 36% (Minn. Stat. § 47.603) Source says: "This section applies to all payday loans with an annual percentage rate that exceeds 36 percent." | 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 status | Legal 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 licensing | Regulated 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 to compare offers in Chisago City
Run through this list before signing anything in Chisago City:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Minnesota using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.