Personal loans in South Heart, ND
South Heart, ND is a small community in North Dakota with a Census-estimated population of 403, making it the 102nd-largest of 355 places in the state. Its population grew about 2.3% between the 2020 Census base and the 2023 estimate. Borrowers in South Heart compare personal loans the same way borrowers do anywhere in North Dakota: the lender prices the loan from your credit history, income and debt load, not from your city.
What is specific to borrowing in South Heart
- Population: 403 (US Census Bureau, Vintage 2023 subcounty estimate) — the 102nd-largest place of 355 in North Dakota.
- Population trend: Its population grew about 2.3% between the 2020 Census base and the 2023 estimate.
- Size percentile: larger than about 71% of the Census places in North Dakota.
- Location: 46.8681, -102.9905 (US Census Bureau Gazetteer).
- Nearest larger cities: Dickinson (9 mi); Belfield (10 mi); New England (23 mi); Richardton (31 mi); Killdeer (36 mi). Larger metros often have more walk-in branches, but online lenders serve South Heart on the same terms.
- Nearest smaller towns: Gladstone (20 mi); Medora (25 mi); Taylor (27 mi).
North Dakota lending rules that apply in South Heart
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | Formula ceiling: 6-month U.S. Treasury bill average + 5.5 percentage points, never less than 7%; NDDFI-published rate for September 2026: 9.204%. Source says: "The rate is equal to five and one-half percent (5.5%) higher than the current cost of money" and "the maximum allowable interest rate ceiling may not be less than seven (7) percent" (NDDFI Usury Rate page; September 2026 rate 9.204%). | North Dakota Department of Financial Institutions as of 2026-09-16 |
| Payday lending status | Legal for licensed deferred presentment service providers; fee capped at 20% of amount advanced; max $500 per transaction; $600 aggregate outstanding per customer. Source says: "A licensee may charge a fee for the deferred presentment service, not to exceed twenty percent of the amount paid to the customer" (N.D.C.C. 13-08-12); "may not disburse more than five hundred dollars to the customer in a deferred presentment service transaction" (13-08-12.3). | North Dakota Legislative Branch as of 2026-09-16 |
| Small-loan / installment lender licensing | Money broker license required to engage in money brokering (arranging/providing loans); issued by the commissioner of financial institutions. Source says: "may not engage in money brokering in the state of North Dakota without a money broker license issued by the commissioner" (N.D.C.C. 13-04.1-02). | North Dakota Legislative Branch as of 2026-09-16 |
| State lending regulator | North Dakota Department of Financial Institutions (NDDFI) Source says: "The Department also licenses and regulates Money Brokers... Deferred Presentment Service Providers (Payday Lenders), Collection Agencies, Debt Settlement Service Providers, and Money Transmitters." | North Dakota Department of Financial Institutions as of 2026-09-16 |
| Usury penalties (state-specific rule) | Usury forfeits all interest plus 25% of principal; charging usurious interest is a class B misdemeanor. Source says: "shall be deemed a forfeiture of the entire interest" and "a forfeiture of twenty-five percent of the principal" (N.D.C.C. 47-14-10); usury is a class B misdemeanor (47-14-11). | North Dakota Legislative Branch as of 2026-09-16 |
How a personal loan works in South Heart
A personal loan in South Heart is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years. Because the payment is fixed, the total cost is predictable up front — which is the main advantage over a credit card, where the balance revolves and the payoff date is open-ended. The two numbers that matter are the APR (which includes fees, not just interest) and the term. A longer term lowers the monthly payment but raises the total interest you pay.
Before you apply in South Heart
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run the numbers with our personal loan calculator so you know the payment before a lender tells you.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check the lender is licensed in North Dakota using the regulator listed above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.
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Frequently asked questions
Can I get a personal loan with bad credit in South Heart?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in South Heart are the same as elsewhere in North Dakota.
How much can I borrow with a personal loan in South Heart?
Most personal loans range from about $1,000 to $50,000, but the amount you are approved for depends on the lender and your income and credit. Use our personal loan calculator to model the payment before you apply.
Does a personal loan in South Heart require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in South Heart hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.
Nearby places
- Dickinson, ND — population 25,130
- Belfield, ND — population 969
- New England, ND — population 676
- Gladstone, ND — population 271
- Amidon, ND — population 23
- Medora, ND — population 155
- Killdeer, ND — population 908
- Taylor, ND — population 224