Personal loans in Lakeville, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Lakeville, MN.
The median household in Lakeville earns $139,041 a year, 56% above the Minnesota median of $89,062. About 3% of residents live below the federal poverty line, and 12.2% of households rent their home.
Minnesota law that applies in Lakeville
| 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 Lakeville
Here's what to have on hand before you start your personal loan request in Lakeville:
- 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 Lakeville
What Lakeville borrowers use it for
cover a short gap before payday
Emergencieshandle the unexpected the same week
Need money nowthe fastest options online
Car repairskeep getting to work while the shop fixes it
Loans for your situation
How to get a personal loan in Lakeville
- 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 Lakeville
13 FDIC-insured bank branches from 11 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Wells Fargo Bank, National Association | 2 | 8790 207th St W, Lakeville 55044 |
| Lakeview Bank | 2 | 9725 163rd St W, Lakeville 55044 |
| Frandsen Bank & Trust | 1 | 20280 Iberia Ave, Lakeville 55044 |
| New Market Bank | 1 | 20151 Icenic Trl, Lakeville 55044 |
| Sterling State Bank | 1 | 16366 Kenrick Ave, Lakeville 55044 |
| The Huntington National Bank | 1 | 17269 Kenyon Ave, Lakeville 55044 |
| U.S. Bank National Association | 1 | 20191 Iberia Ave, Lakeville 55044 |
| Citizens Bank Minnesota | 1 | 18476 Kenrick Ave, Lakeville 55044 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Lakeville
4 credit-union locations from 4 credit unions.
| Credit union | Location |
|---|---|
| Wings | 16042 Pilot Knob Rd, Lakeville 55044 |
| Affinity Plus | 17555 Kenwood Trl, Lakeville 55044 |
| Genisys | 16106 Pilot Knob Rd Ste 140, Lakeville 55044 |
| Trustone Financial | 17533 Cedar Ave, Lakeville 55044 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Dakota County · Payday Loans in Lakeville · Title Loans in Lakeville
Frequently asked questions
Can I get a personal loan with bad credit in Lakeville?
Possibly. Lenders in our network consider applicants with fair and bad credit across Minnesota, including Lakeville. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Lakeville, 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 Lakeville?
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.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Lakeville with our free 3-minute form.
How do installment loans work in Lakeville?
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. Lakeville residents can see installment loan offers with our free 3-minute form.
How do I apply for a personal loan with bad credit in Lakeville?
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 Lakeville?
You can apply at local banks and lenders in Lakeville, 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 Lakeville?
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. Lakeville residents can see if they qualify in about 3 minutes.
Do I need to visit a store in Lakeville?
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.