Delavan at a glance
- Population: 170 (US Census Bureau, Vintage 2023 subcounty estimate), the 677th-largest of 853 places in Minnesota.
- 2020 Census base: 172 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 1.2% since the 2020 count (US Census Bureau).
- Rank among Minnesota places: the 677th-largest of 853 (US Census Bureau, 2023 estimate).
- Size percentile: larger than about 21% of the Census places in Minnesota (US Census Bureau).
- Coordinates: 43.7677, -94.0174 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Easton, MN (6 mi); Winnebago, MN (8 mi); Blue Earth, MN (10 mi); Minnesota Lake, MN (11 mi); Amboy, MN (11 mi) (US Census Bureau populations).
- Nearest smaller communities: Walters, MN (21 mi); Ledyard, IA (25 mi); Conger, MN (27 mi) (Census populations).
What a personal loan costs in Delavan
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest 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 Delavan
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 |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Delavan
Before you share your details with a lender in Delavan:
- 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.