Mineral Point at a glance
- Population: a Census-estimated 2,563, placing it 228th among Wisconsin's 605 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 2,582 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: down roughly 0.7% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Wisconsin places: the 228th-largest of 605 (US Census Bureau, 2023 estimate).
- Size percentile: about 62% of Wisconsin's Census places are smaller (US Census Bureau).
- Coordinates: 42.8632 latitude, -90.1818 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Dodgeville, WI (8 mi); Platteville, WI (17 mi); Mount Horeb, WI (25 mi); Fennimore, WI (25 mi); Lancaster, WI (27 mi) (US Census Bureau).
- Nearest smaller communities: Linden, WI (6 mi); Cobb, WI (10 mi); Rewey, WI (11 mi), each a US Census place.
What a personal loan costs in Mineral Point
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Wisconsin lending rules that apply in Mineral Point
The Wisconsin rate caps and licensing rules that reach Mineral Point are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal 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 licensing | Licensed 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 regulator | Wisconsin 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 |
| 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 |
How to compare offers in Mineral Point
A few practical steps will make the process in Mineral Point 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 Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.