Comfrey at a glance
- Population: a Census-estimated 375, placing it 550th among Minnesota's 853 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 383 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 2.1% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Minnesota places: 550th largest of 853 (US Census Bureau).
- Size percentile: roughly 36% of places in Minnesota rank below it by population (US Census Bureau).
- Coordinates: 44.1111 / -94.9028, per the US Census Bureau Gazetteer.
- Nearest larger cities: Springfield, MN (10 mi); Butterfield, MN (12 mi); Mountain Lake, MN (12 mi); Sleepy Eye, MN (16 mi); St. James, MN (16 mi); each population is a US Census Bureau estimate.
- Smaller towns nearby: Darfur, MN (5 mi); Cobden, MN (12 mi); Sanborn, MN (13 mi) (US Census Bureau).
What a personal loan costs in Comfrey
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Minnesota lending rules that apply in Comfrey
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Comfrey
A few practical steps will make the process in Comfrey less costly:
- 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.