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Personal loans in Felton, MN

A personal loan in Felton is a fixed-payment installment loan, and the rate you are offered turns on your credit, your income and your existing debts. About 168 people live in Felton, which ranks 682nd of 853 Census places in Minnesota. Minnesota's rate ceilings and lender-licensing requirements appear below, each with the publisher and date behind it.

By the Personalloaned Editorial Team · Last updated 2026-09-16

Advertising disclosure: Personalloaned may receive a referral fee if you apply through a link on this page. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.

Felton at a glance

  • Population: 168 residents, the 682nd-largest of 853 places in Minnesota (US Census Bureau, Vintage 2023).
  • 2020 Census base: the 2020 count put the population at 174 (US Census Bureau).
  • 2020 to 2023 change: roughly 3.4% fewer residents than at the 2020 Census (US Census Bureau).
  • Rank among Minnesota places: 682nd of the state's 853 Census places (US Census Bureau).
  • Size percentile: roughly 20% of Minnesota's places have fewer residents (US Census Bureau).
  • Coordinates: latitude 47.0750, longitude -96.5057 (US Census Bureau Gazetteer).
  • Nearest larger cities (120-mile radius): Ulen, MN (12 mi); Hitterdal, MN (13 mi); Glyndon, MN (15 mi); Ada, MN (15 mi); Hawley, MN (16 mi) (US Census Bureau).
  • Nearest smaller communities: Borup, MN (7 mi); Georgetown, MN (14 mi); Perley, MN (16 mi) (Census populations).

What a personal loan costs in Felton

A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.

Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.

A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.

If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.

Minnesota lending rules that apply in Felton

Read the table as the compliance picture for a lender serving Felton: label, sourced figure, publisher and date.

RuleDetailSource
Small-loan / installment lender licensingRegulated 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 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
Payday ability-to-repay requirementRequired 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 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

How to compare offers in Felton

A few practical steps will make the process in Felton less costly:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Minnesota using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Felton?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Felton are the same as elsewhere in Minnesota.
How much can I borrow with a personal loan in Felton?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Felton require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Felton hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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