Personal loans in Marshall, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Marshall, MN.
The median household in Marshall earns $68,566 a year, 23% below the Minnesota median of $89,062. About 17% of residents live below the federal poverty line, and 37.1% of households rent their home.
Minnesota law that applies in Marshall
| 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 Marshall
Lenders that serve Marshall 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 Marshall
What Marshall borrowers use it for
deposits, trucks and first-week expenses
Need money nowthe fastest options online
Emergencieshandle the unexpected the same week
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
How to get a personal loan in Marshall
- 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 Marshall
6 FDIC-insured bank branches from 6 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Wells Fargo Bank, National Association | 1 | 400 W Main St, Marshall 56258 |
| Old National Bank | 1 | 208 E College Dr, Marshall 56258 |
| BMO Bank National Association | 1 | 1410 E College Dr, Marshall 56258 |
| Minnwest Bank | 1 | 301 Baseline Rd, Marshall 56258 |
| First Independent Bank | 1 | 105 Market St, Marshall 56258 |
| U.S. Bank National Association | 1 | 207 W Main St, Marshall 56258 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Marshall
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Leading Edge | 1406 E College Dr Ste 100, Marshall 56258 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Lyon County · Payday Loans in Marshall · Title Loans in Marshall
Frequently asked questions
Can I get a personal loan with bad credit in Marshall?
Possibly. Lenders in our network consider applicants with fair and bad credit across Minnesota, including Marshall. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Marshall, 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 Marshall?
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 is an installment loan?
An installment loan is money you borrow and repay in fixed, scheduled payments, usually every two weeks or monthly, until it's paid off. Personal loans, auto loans and many short-term loans are installment loans. Because repayment is spread out, each payment is smaller than a lump sum. Lenders in our network offer installment loans from $100 to $5,000 to Marshall borrowers who qualify.
How can I get an emergency loan in Marshall?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
How do installment loans work in Marshall?
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. Marshall residents can see installment loan offers with our free 3-minute form.
How long does it take to get a personal loan in Marshall?
With online lenders, the process is usually fast. Our form takes about 3 minutes, many lenders make a decision within minutes, and approved funds are often deposited by the next business day. Some lenders may ask for documents such as pay stubs, which can add a little time. Having your information ready before you start helps you get money sooner in Marshall.
Can I get a personal loan in Marshall with bad credit?
Yes, it's possible. Many lenders in our network work with borrowers who have fair, poor or limited credit, and they look at factors like income and employment, not just your score. Approval and rates depend on your full profile, and nothing is guaranteed, but checking your options is free. Marshall residents can see if they qualify for $100 to $5,000 in about 3 minutes.
Do I need to visit a store in Marshall?
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.