Personal loans in Savage, MN
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Savage, MN.
The median household in Savage earns $125,513 a year, 41% above the Minnesota median of $89,062. About 6% of residents live below the federal poverty line, and 14.2% of households rent their home.
Minnesota law that applies in Savage
| 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 Savage
Here's what to have on hand before you start your personal loan request in Savage:
- 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 Savage
What Savage borrowers use it for
cover a short gap before payday
Car repairskeep getting to work while the shop fixes it
Need money nowthe fastest options online
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Savage
- 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 Savage
6 FDIC-insured bank branches from 6 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| Old National Bank | 1 | 14141 Glendale Rd, Savage 55378 |
| Associated Bank, National Association | 1 | 7533 Egan Dr, Savage 55378 |
| Wells Fargo Bank, National Association | 1 | 5705 Loftus Ln, Savage 55378 |
| The Huntington National Bank | 1 | 14075 Highway 13 S, Savage 55378 |
| Sterling State Bank | 1 | 14185 Highway 13 S, Savage 55378 |
| JPMorgan Chase Bank, National Association | 1 | 7450 Egan Dr, Savage 55378 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Savage
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Wings | 14411 Highway 13 S, Savage 55378 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Scott County · Payday Loans in Savage · Title Loans in Savage
Frequently asked questions
Can I get a personal loan with bad credit in Savage?
Possibly. Lenders in our network consider applicants with fair and bad credit across Minnesota, including Savage. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Savage, 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 Savage?
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 an emergency loan with bad credit in Savage?
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. Savage residents can see if they qualify in about 3 minutes.
How do installment loans work in Savage?
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. Savage residents can see installment loan offers with our free 3-minute form.
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 Savage with our free 3-minute form.
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 Savage?
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.
Do I need to visit a store in Savage?
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.