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Personal loans in Mellen, WI

For a borrower in Mellen, a personal loan is a sum repaid in equal monthly installments, priced mainly from your credit profile, income and debt load. About 698 people live in Mellen, which ranks 428th of 605 Census places in Wisconsin. Wisconsin law sets the rate ceilings and the licensing a lender must hold, and the table below lists each sourced figure.

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

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Mellen at a glance

  • Population: 698 (US Census Bureau, Vintage 2023 subcounty estimate), the 428th-largest of 605 places in Wisconsin.
  • 2020 Census base: 700 residents (US Census Bureau, 2020 Census).
  • 2020 to 2023 change: a loss of about 0.3% since the 2020 count (US Census Bureau).
  • Rank among Wisconsin places: 428th largest of 605 (US Census Bureau).
  • Size percentile: about 29% of places in Wisconsin are smaller (US Census Bureau).
  • Coordinates: the Census Gazetteer places it at 46.3240, -90.6605.
  • Nearest larger cities (120-mile radius): Ashland, WI (20 mi); Montreal, WI (21 mi); Hurley, WI (23 mi); Ironwood, MI (26 mi); Washburn, WI (27 mi) (US Census Bureau).
  • Smaller places close by: Mason, WI (21 mi); Butternut, WI (23 mi); Bayfield, WI (35 mi) (US Census Bureau).

What a personal loan costs in Mellen

Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.

Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.

Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.

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.

Wisconsin lending rules that apply in Mellen

The table lists the Wisconsin rules that apply to a loan made in Mellen, each with the regulator that published it.

RuleDetailSource
Maximum legal interest rate (usury cap)12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a))
Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance		Wisconsin State Legislature
as of 2026-09-16
Payday lending statusLegal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14)
Source says: "Licensee" means a person holding a license issued by the division under sub. (5)		Wisconsin State Legislature
as of 2026-09-16
Small-loan / installment lender licensingLicensed lender license required from the Division of Banking (Wis. Stat. § 138.09)
Source says: Before any person may do business under this section, that person shall first obtain a license from the division.		Wisconsin State Legislature
as of 2026-09-16
State lending regulatorWisconsin Department of Financial Institutions (DFI), Division of Banking
Source says: "Department" means the department of financial institutions		Wisconsin State Legislature
as of 2026-09-16

How to compare offers in Mellen

Here is a short checklist for comparing personal loans in Mellen:

  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 Wisconsin 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 Mellen?
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 Mellen are the same as elsewhere in Wisconsin.
How much can I borrow with a personal loan in Mellen?
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 Mellen 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 Mellen 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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