Zemple at a glance
- Population: 81 (US Census Bureau, Vintage 2023 subcounty estimate), the 782nd-largest of 853 places in Minnesota.
- 2020 Census base: 76 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 6.6% more residents than the 2020 Census base (US Census Bureau).
- Rank among Minnesota places: 782nd out of 853 Census places (US Census Bureau).
- Size percentile: about 8% of Minnesota's Census places are smaller (US Census Bureau).
- Coordinates: latitude 47.3207, longitude -93.7859 (US Census Bureau Gazetteer).
- Nearest larger cities (within 120 miles): Deer River, MN (1 mi); Cohasset, MN (8 mi); Grand Rapids, MN (13 mi); La Prairie, MN (15 mi); Coleraine, MN (16 mi) (US Census Bureau populations).
- Smaller places close by: Boy River, MN (19 mi); Manhattan Beach, MN (44 mi); Funkley, MN (44 mi) (US Census Bureau).
What a personal loan costs in Zemple
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Minnesota lending rules that apply in Zemple
The table carries the Minnesota rate and licensing rules that apply to consumer loans made in Zemple.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Minnesota Department of Commerce (commissioner of commerce) Source says: ""Commissioner" means the commissioner of commerce" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Payday ability-to-repay requirement | Required for payday loans with an APR above 36% (Minn. Stat. § 47.603) Source says: "This section applies to all payday loans with an annual percentage rate that exceeds 36 percent." | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 6% per year legal rate of interest; a different rate may be contracted for in writing (Minn. Stat. § 334.01) Source says: "The interest for any legal indebtedness shall be at the rate of $6 upon $100 for a year" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed; APR capped at 36%, or up to 50% with an ability-to-repay analysis (Minn. Stat. §§ 47.60, 47.601, 47.603) Source says: "The cap on that annual percentage rate is set at either 36%, or up to 50% if the lender conducts an ability to repay analysis" | Minnesota Department of Commerce as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated loan license required from the commissioner for loans within the Chapter 56 threshold (Minn. Stat. § 56.01) Source says: "without first obtaining a license from the commissioner, no person shall engage in the business of making loans of money" | Minnesota Legislature, Office of the Revisor of Statutes as of 2026-09-16 |
How to compare offers in Zemple
Here is a short checklist for comparing personal loans in Zemple:
- 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 Minnesota using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.