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Personal loans in Ferris, IL

With an estimated 122 residents, Ferris is the 1,203rd-largest of 1,294 places in Illinois. Ferris shed about 3.9% of its population between the 2020 base and the 2023 estimate. Ferris is a small community of about 122 residents, and a personal loan taken out here is governed by Illinois statute. For the 122 people in Ferris, Illinois runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Work out your debt-to-income ratio first; lenders weigh it heavily, and Ferris's 122 residents are no exception. For a bigger market, look to Carthage, IL about 4 miles away.

By the Personalloaner Editorial Team · Last updated 2026-09-16

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

The Ferris data picture

Two layers matter for a Ferris borrower: the local population picture and Illinois's consumer-lending statutes.

Ferris against the rest of Illinois

Ferris is the 1,203rd-largest of 1,294 Census places in Illinois and contains about 0.0% of the state's people. On the 2020-to-2023 trend, Ferris stands 1,118th among Illinois's 1,294 places — roughly the 14th percentile. At about 62 people per square mile, Ferris is the 1,287th most densely settled place in Illinois. In land area, Ferris ranks 497th among Illinois's 1,294 places.

What shapes a Ferris personal loan

A Ferris personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 122 residents. A lender serving Ferris's 122 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Ferris loan but raises total interest, so the smallest payment is not the cheapest loan.

Illinois consumer-lending rules applied in Ferris

This table holds the Illinois rate and licensing rules for consumer loans made to Ferris's 122 residents.

RuleDetailSource
State lending regulatorIllinois Department of Financial and Professional Regulation (IDFPR), Division of Financial Institutions
Source says: "DFI licenses, charters, and examines a wide variety of financial products and services including: Consumer and Sales Finance and Collection Agencies".		Illinois Department of Financial and Professional Regulation
as of 2026-09-16
Payday lending statusPermitted under license; capped at 36% annual percentage rate (payday loans)
Source says: "shall not contract for or receive a charge exceeding a 36% annual percentage rate ... for a payday loan".		Illinois General Assembly (Illinois Compiled Statutes)
as of 2026-09-16
Small-loan / installment lender licensingConsumer Installment Loan Act license required from the Director of Financial Institutions (loans above 9% APR)
Source says: "No person ... shall engage in the business of making loans of money ... except ... after first obtaining a license from the Director of Financial Institutions".		Illinois General Assembly (Illinois Compiled Statutes)
as of 2026-09-16

Ferris: area, density and distance

Inside Ferris's boundaries lie about 2.0 square miles of land, with no significant water area recorded. The resulting density is about 62 people per square mile. For the state's biggest city, Chicago, the distance is roughly 204 miles. Counting outward 50 miles, 91 larger communities surround Ferris. Within the same 50 miles lie 28 smaller Census places.

Borrowing reach in Ferris

At roughly 62 people per square mile, Ferris is sparsely settled; 91 larger places lie within 50 miles. What is available to Ferris's 122 borrowers is set by Illinois licensing and your own credit, not by how many branches are nearby. The nearest larger city, Carthage, IL about 4 miles away.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Ferris if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Ferris is the same as anywhere in Illinois.
What loan size can I expect in Ferris?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Ferris?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Ferris cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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