Personal loans in Bloomington, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Bloomington, MN.
The median household in Bloomington earns $93,211 a year, about the same as the Minnesota median of $89,062. About 9% of residents live below the federal poverty line, and 34.3% of households rent their home.
Minnesota law that applies in Bloomington
| Rate cap | Licensed regulated lenders and financial institutions may charge the greater of (1) 21.75% APR or (2) 33% a year on the part of the balance up to $1,425 plus 19% on the part above $1,425. |
|---|---|
| License required | Yes. |
| Loan sizes covered | Chapter 56 rates apply to loans up to $100,000 (or 15% of a Minnesota corporate licensee's capital and surplus, if greater). |
Full rules with statute citations: Personal Loans in Minnesota. Cities in Minnesota cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Bloomington
Lenders that serve Bloomington typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Bloomington
What Bloomington borrowers use it for
handle the unexpected the same week
Rent duecover a short gap before payday
Holiday expensesgifts and travel without maxing a card
Car repairskeep getting to work while the shop fixes it
Loans for your situation
How to get a personal loan in Bloomington
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Bloomington
19 FDIC-insured bank branches from 13 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Wells Fargo Bank, National Association | 3 | 7900 Xerxes Ave S, Bloomington 55431 |
| U.S. Bank National Association | 3 | 9633 Lyndale Ave S, Bloomington 55420 |
| The Huntington National Bank | 2 | 7800 Penn Ave S, Bloomington 55431 |
| Bank of America, National Association | 2 | 611 W 98th St, Bloomington 55420 |
| Highland Bank | 1 | 5270 W 84th St, Bloomington 55437 |
| BMO Bank National Association | 1 | 9320 Ensign Ave S, Bloomington 55438 |
| Associated Bank, National Association | 1 | 7760 France Ave S, Bloomington 55435 |
| Premier Bank Minnesota | 1 | 500 W 98th St, Bloomington 55420 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Bloomington
9 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| Trustone Financial | 2772 E 82Nd St, Bloomington 55425 |
| Topline Financial | 900 American Blvd W, Bloomington 55420 |
| My | 4025 W Old Shakopee Rd, Bloomington 55437 |
| Sharepoint | 5300 Hyland Greens Dr, Bloomington 55437 |
| Building Trades | 9741 Lyndale Ave S, Bloomington 55420 |
| Toro Employees | 8111 Lyndale Ave S, Bloomington 55420 |
| Ziegler | 901 W 94Th St, Bloomington 55420 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Hennepin County · Payday Loans in Bloomington · Title Loans in Bloomington
Frequently asked questions
Can I get a personal loan with bad credit in Bloomington?
Possibly. Lenders in our network consider applicants with fair and bad credit across Minnesota, including Bloomington. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Bloomington, MN?
Greater of 21.75% APR or 33% to $1,425/19% above; small loans 50%.
How fast can I get a personal loan in Bloomington?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
How do I apply for a personal loan with bad credit in Bloomington?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Where can I find a loan for bad credit in Bloomington?
You can apply at local banks and lenders in Bloomington, or go online to reach more lenders at once. Banks often have stricter credit requirements, while many online lenders consider all credit types. Our free form sends one request to multiple lenders in our network, so you don't have to apply one by one. Many applicants get a decision within minutes.
Can I get an emergency loan with bad credit in Bloomington?
Yes, many emergency loan lenders consider borrowers with bad credit. They often put more weight on your current income and ability to repay than on past credit problems. Approval isn't guaranteed, but applying through our network lets you reach multiple lenders with a single request instead of applying again and again. Bloomington residents can see if they qualify in about 3 minutes.
How do installment loans work in Bloomington?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Bloomington residents can see installment loan offers with our free 3-minute form.
Do I need to visit a store in Bloomington?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.