Personal loans in Thief River Falls, MN
Residents of Thief River Falls, Minnesota look for personal loans for many reasons: consolidating card balances, covering a repair, or smoothing out a one-off expense. The rules that apply to a lender in Minnesota are set by the state, not by federal law alone. That is why a rate you see advertised nationally may not be available on the terms shown where you live. Enter your own numbers rather than relying on an advertised example rate. Nothing on this page is a loan offer, and no figure here is a quote.
What to know before you borrow in Minnesota
| Interest rate cap (usury limit) | Usury limit: 6% legal rate; written contract up to 8% (Minn. Stat. § 334.01). Finance rates and fees for licensed lenders: The greater of: 21.75% per annum OR the total of 33% per annum on the portion not exceeding $1,200 19% per annum on the portion exceeding $1,200.Source: Conference of State Bank Supervisors · as of 2026 |
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| Consumer lending regulator | Consumer lenders in Minnesota are licensed and supervised by the Minnesota Department of Commerce.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Minnesota Attorney General's Office.Source: Minnesota Attorney General's Office · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans.Source: Consumer Financial Protection Bureau · as of 2024 |
See all Minnesota lending rules →
Compare offers in Thief River Falls
Start with the personal loan calculator to see your monthly payment and total interest, then check that the payment fits your budget with the debt-to-income calculator.
If you are weighing more than one offer, the loan comparison calculator shows which costs less over the full term.
Check your rate with a lending partner in about two minutes. Checking does not affect your credit score.
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Frequently asked questions
Can I get a personal loan in Thief River Falls, Minnesota?
Personal loans are offered in Thief River Falls by banks, credit unions and online lenders, subject to Minnesota licensing rules and the lender's own criteria. There is no city-level restriction; eligibility depends on your credit, income and the lender.
What credit score do I need for a personal loan in Thief River Falls?
Lenders do not publish a single cutoff, and it varies by lender. A higher score generally means a lower rate. Checking pre-qualification usually involves a soft credit pull that does not affect your score.
Does Minnesota cap the interest a lender can charge?
Yes, Minnesota sets its own consumer lending rules, including any rate or fee limits. The sourced table above names the regulator and the statute for each figure.
How much can I borrow in Thief River Falls?
Loan amounts depend on the lender and your income and credit profile rather than on the city. Use the calculators above to see what a given amount and term would cost you each month.
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