Mellen at a glance
- Population: 698 (US Census Bureau, Vintage 2023 subcounty estimate), the 428th-largest of 605 places in Wisconsin.
- 2020 Census base: 700 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: a loss of about 0.3% since the 2020 count (US Census Bureau).
- Rank among Wisconsin places: 428th largest of 605 (US Census Bureau).
- Size percentile: about 29% of places in Wisconsin are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 46.3240, -90.6605.
- Nearest larger cities (120-mile radius): Ashland, WI (20 mi); Montreal, WI (21 mi); Hurley, WI (23 mi); Ironwood, MI (26 mi); Washburn, WI (27 mi) (US Census Bureau).
- Smaller places close by: Mason, WI (21 mi); Butternut, WI (23 mi); Bayfield, WI (35 mi) (US Census Bureau).
What a personal loan costs in Mellen
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Wisconsin lending rules that apply in Mellen
The table lists the Wisconsin rules that apply to a loan made in Mellen, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a)) Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance | Wisconsin State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14) Source says: "Licensee" means a person holding a license issued by the division under sub. (5) | Wisconsin State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed lender license required from the Division of Banking (Wis. Stat. § 138.09) Source says: Before any person may do business under this section, that person shall first obtain a license from the division. | Wisconsin State Legislature as of 2026-09-16 |
| State lending regulator | Wisconsin Department of Financial Institutions (DFI), Division of Banking Source says: "Department" means the department of financial institutions | Wisconsin State Legislature as of 2026-09-16 |
How to compare offers in Mellen
Here is a short checklist for comparing personal loans in Mellen:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.