St. Augusta at a glance
- Population: roughly 3,678 people; 191st of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 3,497 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 5.2% more residents than the 2020 Census base (US Census Bureau).
- Rank among Minnesota places: 191st out of 853 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 78% of Minnesota's Census places by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 45.4502, -94.1938.
- Nearest larger cities within 120 miles: St. Cloud, MN (5 mi); Waite Park, MN (5 mi); St. Joseph, MN (10 mi); Sauk Rapids, MN (10 mi); Cold Spring, MN (11 mi) (US Census Bureau).
- Nearest smaller towns: Rockville, MN (6 mi); Clearwater, MN (8 mi); Clear Lake, MN (9 mi) — US Census Bureau populations.
What a personal loan costs in St. Augusta
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
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.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Minnesota lending rules that apply in St. Augusta
Read the table as the compliance picture for a lender serving St. Augusta: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in St. Augusta
The order below is a sensible way to approach a loan in St. Augusta:
- 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.