Personal loans in Ramsey, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Ramsey, MN.
The median household in Ramsey earns $116,415 a year, 31% above the Minnesota median of $89,062. About 4% of residents live below the federal poverty line, and 15.0% of households rent their home.
Minnesota law that applies in Ramsey
| 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 Ramsey
Here's what to have on hand before you start your personal loan request in Ramsey:
- 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 Ramsey
What Ramsey borrowers use it for
cover a short gap before payday
Medical billspay a doctor, dentist or pharmacy bill now
Car repairskeep getting to work while the shop fixes it
Moving costsdeposits, trucks and first-week expenses
Loans for your situation
How to get a personal loan in Ramsey
- 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 Ramsey
3 FDIC-insured bank branches from 3 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| BMO Bank National Association | 1 | 14125 Saint Francis Blvd, Ramsey 55303 |
| Security Bank & Trust Company | 1 | 14150 Saint Francis Blvd, Ramsey 55303 |
| Village Bank | 1 | 7125 Riverdale Dr Nw, Ramsey 55303 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Anoka County
26 credit-union locations from 15 credit unions.
| Credit union | Location |
|---|---|
| Wings | 10400 Baltimore St Ne Ste 140, Blaine 55449 |
| Affinity Plus | 13025 Riverdale Dr Nw Ste 100, Coon Rapids 55448 |
| Blaze | 10 Northtown Dr Ne, Blaine 55434 |
| Trustone Financial | 6303 Central Ave Ne, Fridley 55432 |
| Magnifi Financial | 10210 Baltimore St Ne, Blaine 55449 |
| Topline Financial | 4 S Pine Dr, Circle Pines 55014 |
| Ideal | 10777 Austin St Ne, Blaine 55449 |
| Minnco | 2121 Station Pkwy Nw, Andover 55304 |
| Sharepoint | 13735 Round Lake Blvd Nw, Andover 55304 |
| Expedition | 11599 Robinson Dr Nw, Coon Rapids 55433 |
| Associated Healthcare | 500 Osborne Rd Ne, Fridley 55432 |
| Members Choice Wv | 7989 Lake Dr, Lino Lakes 55014 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Anoka County · Payday Loans in Ramsey · Title Loans in Ramsey
Frequently asked questions
Can I get a personal loan with bad credit in Ramsey?
Possibly. Lenders in our network consider applicants with fair and bad credit across Minnesota, including Ramsey. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Ramsey, 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 Ramsey?
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 in Ramsey 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. Ramsey residents can see if they qualify for $100 to $5,000 in about 3 minutes.
How long does it take to get a personal loan in Ramsey?
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 Ramsey.
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.
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 Ramsey borrowers who qualify.
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 Ramsey with our free 3-minute form.
Do I need to visit a store in Ramsey?
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.