Personal loans in Minot, ND
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Minot, ND.
The median household in Minot earns $73,219 a year, about the same as the North Dakota median of $76,657. About 11% of residents live below the federal poverty line, and 43.3% of households rent their home.
North Dakota law that applies in Minot
| Rate cap | Finance charges may not exceed 36% a year, including all charges and fees needed to get the loan at origination. |
|---|---|
| License required | A money broker license from the Department of Financial Institutions is required to arrange or make loans to North Dakota residents, unless exempt (such as banks and credit unions). |
| Loan sizes covered | The 36% cap applies to licensed loans of any size. |
Full rules with statute citations: Personal Loans in North Dakota. Cities in North Dakota 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 Minot
Most Minot applicants can finish in one sitting if they have these ready:
- 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 Minot
What Minot borrowers use it for
pay a doctor, dentist or pharmacy bill now
Car repairskeep getting to work while the shop fixes it
Rent duecover a short gap before payday
Emergencieshandle the unexpected the same week
Loans for your situation
How to get a personal loan in Minot
- 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 Minot
16 FDIC-insured bank branches from 10 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| First Western Bank & Trust | 3 | 900 S Broadway, Minot 58701 |
| First International Bank & Trust | 3 | 1600 S Broadway, Minot 58701 |
| Old National Bank | 2 | 1615 36th Ave Sw, Minot 58701 |
| Gate City Bank | 2 | 1017 S Broadway, Minot 58701 |
| Wells Fargo Bank, National Association | 1 | 3106 16th St Sw, Minot 58701 |
| Bravera Bank | 1 | 925 20th Ave Sw, Minot 58701 |
| U.S. Bank National Association | 1 | 1925 S Broadway, Minot 58701 |
| Dacotah Bank | 1 | 1121 S Broadway, Minot 58701 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Minot
13 credit-union locations from 7 credit unions.
| Credit union | Location |
|---|---|
| Credit Union 1 | 2401 N Broadway, Minot 58703 |
| Town And Country | 615 S Broadway, Minot 58701 |
| North Star Community | 1819 S Broadway, Minot 58701 |
| Aspire Community | 1430 S Broadway, Minot 58701 |
| Affinity First | 811 S Broadway, Minot 58701 |
| Minot Area Schools | 215 2Nd St Se, Minot 58701 |
| Tel-U-Watt | 24 2Nd Ave Se, Minot 58701 |
Source: NCUA credit union branch data, June 30, 2026.
County: Ward County · Payday Loans in Minot
Frequently asked questions
Can I get a personal loan with bad credit in Minot?
Possibly. Lenders in our network consider applicants with fair and bad credit across North Dakota, including Minot. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Minot, ND?
36% APR cap (including origination charges) for licensed lenders; loans under $2,000 limited to 36 months with equal payments.
How fast can I get a personal loan in Minot?
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.
How long does it take to get a personal loan in Minot?
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 Minot.
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.
Can I get an emergency loan with bad credit in Minot?
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. Minot residents can see if they qualify in about 3 minutes.
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 Minot with our free 3-minute form.
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 Minot borrowers who qualify.
Do I need to visit a store in Minot?
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.