Henriette at a glance
- Population: 59, the 811th-largest community in Minnesota out of 853 (US Census Bureau, Vintage 2023).
- 2020 Census base: 57 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: roughly 3.5% higher than at the 2020 Census (US Census Bureau).
- Rank among Minnesota places: 811th largest of 853 (US Census Bureau).
- Size percentile: roughly 5% of Minnesota's places have fewer residents (US Census Bureau).
- Coordinates: 45.8713, -93.1197 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Quamba, MN (4 mi); Grasston, MN (5 mi); Brook Park, MN (6 mi); Pine City, MN (8 mi); Mora, MN (8 mi), each a US Census place with its estimated population.
- Smaller towns nearby: McGrath, MN (27 mi); Denham, MN (35 mi); Hillman, MN (38 mi) (US Census Bureau).
What a personal loan costs in Henriette
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Minnesota lending rules that apply in Henriette
The sourced rows below are the rules a licensed lender must follow when lending in Minnesota, and therefore in Henriette.
| 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 Henriette
The order below is a sensible way to approach a loan in Henriette:
- 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.