Personal Loans in Devils Lake, ND

Connect with 6+ Local & National Lenders

⚡ Avg Loan: $13,700
📊 Avg Credit: 660
🏙️ Population: 7,100
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AI SUMMARY SNAPSHOT

Devils Lake, ND Loan Education Hub

Reviewed October 1, 2025
  • Devils Lake borrowers work with 6+ lenders, with average loan amounts near $13,700.
  • Local credit profiles average 660, so aim to exceed that benchmark for the best offers.
  • Tourism and Education employers are driving demand for outdoor recreation equipment financing.
  • Upload income documentation and authorize bank connection for the fastest AI underwriting approvals.

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Devils Lake Personal Loan Overview

MEDIAN HOUSEHOLD INCOME

$53,200

MEDIAN HOME PRICE

$205,000

AVERAGE LOAN AMOUNT

$13,700

AVAILABLE LENDERS

6+

Devils Lake Economy & Loan Demand

Devils Lake’s walleye tourism, Spirit Lake Nation enterprises, and Lake Region State College housing foster borrowing for guide boats, weatherized homes, and consolidating seasonal hospitality cash flow.

Key Industries:

TourismEducationGovernmentHealthcareRetail

Most Popular Loan Types in Devils Lake

#1

Outdoor Recreation Equipment

#2

Home Renovation

#3

Debt Consolidation

How to Get a Personal Loan in Devils Lake

1

Complete Our Quick Form

Takes just 2-3 minutes. We'll ask about your loan needs and basic financial information.

2

Get Matched with Devils Lake Lenders

Our AI instantly connects you with lenders serving Devils Lake, ND.

3

Compare Multiple Offers

Review loan offers from multiple lenders and choose the best rate and terms for you.

4

Get Funded Fast

Many Devils Lake residents receive funds in as little as 1 business day after approval.

COMPLIANCE BRIEFING

North Dakota & Devils Lake Regulation Watch

Money Broker Act applies

Effective Jan 2025

North Dakota lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.

Review official guidance

Department of Financial Institutions

Effective Feb 2025

North Dakota lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.

Review official guidance

Consumer protections

Effective Mar 2025

North Dakota lenders should document procedures that reflect this requirement and capture borrower acknowledgements during 2025 audits.

Review official guidance

CREDIT PLAYBOOK

Devils Lake Credit Readiness Checklist

Borrowers with strong credit (700+)

  • Lock rates before the busy season—Devils Lake lenders tighten spreads when application volume spikes.
  • Enable autopay at application time to qualify for 0.25% rate reductions at many regional banks.
  • Bundle home-improvement or consolidation goals to reach lenders’ minimum loan sizes for best pricing.

Credit rebuilders (600-660)

  • Share alternative data—rent, utilities, and streaming payments—to offset thin credit files.
  • Pay down revolving balances and avoid new credit pulls for 60 days pre-application.
  • Target community development financial institutions (CDFIs) serving Devils Lake neighborhoods for flexible underwriting.

EDUCATION FAQ

Devils Lake Loan Education FAQ

What loan amounts can Devils Lake residents expect in 2025?

Devils Lake personal loans average $13,700, with top-tier borrowers seeing offers above that figure when debt-to-income stays under 35%.

How does Devils Lake's average credit score impact approvals?

The typical applicant scores 660. Arrive 20 points above that and lenders often waive origination fees for outdoor recreation equipment loans.

Which regulations matter most for Devils Lake borrowers?

Follow North Dakota's consumer finance rules and federal disclosures on APR and fees—most Devils Lake lenders mirror state-level rate caps and documentation requirements.

How quickly do Devils Lake lenders release funds?

Devils Lake borrowers commonly receive deposits within one business day after final approval. Completing income verification and bank account linking during the application helps avoid back-and-forth delays.

What paperwork speeds up Devils Lake loan approvals?

Have photo ID, recent pay stubs or 1099s, proof of North Dakota residency, and documentation of monthly housing costs ready. Uploading these with your application keeps Devils Lake underwriting teams on schedule.

FURTHER READING

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