Stacy at a glance
- Population: roughly 1,700 people; 284th of 853 places in Minnesota (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,705 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 0.3% below the 2020 Census base (US Census Bureau).
- Rank among Minnesota places: 284th of 853 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 67% of the places in Minnesota (US Census Bureau).
- Coordinates: 45.4230 latitude, -92.9703 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Chisago City, MN (4 mi); Wyoming, MN (6 mi); North Branch, MN (6 mi); Lindstrom, MN (7 mi); Forest Lake, MN (12 mi) (US Census Bureau).
- Smaller places nearby: Center City, MN (8 mi); Shafer, MN (11 mi); Harris, MN (12 mi), per US Census Bureau estimates.
What a personal loan costs in Stacy
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.
Minnesota lending rules that apply in Stacy
Read the table as the compliance picture for a lender serving Stacy: 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 Stacy
Run through this list before signing anything in Stacy:
- 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.