Personal loans in Foosland, IL

A lender serving Foosland holds a Illinois license and answers to a Illinois regulator, not to any city office. Foosland is home to roughly 73 people and stands 1,261st by size out of 1,294 Census places in Illinois. Census figures put the 2020-to-2023 decrease at about 2.7%. Illinois runs its own consumer-lending licensing through a state agency, and the sourced table on this page lists the figures that apply. Price two or three terms so you can see which payment is truly affordable. The nearest larger city is Fisher, IL about 5 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.

Borrowing in Foosland: the local picture

Here is the sourced Census picture for Foosland, plus the Illinois lending rules that apply to a loan taken out here.

Population: 73 people, a figure that places Foosland 1,261st among the 1,294 Census places in Illinois (US Census Bureau, Vintage 2023).
Population trend: Roughly 2.7% fewer residents than the 2020 Census counted.
Size percentile: by population it outranks roughly 3% of the places in Illinois.
Location: it lies at 40.3611, -88.4291 in the Census Gazetteer.
Nearest larger cities: Fisher (5 mi); Bellflower (5 mi); Saybrook (7 mi); Gibson City (8 mi); Elliott (11 mi). Online lenders reach Foosland no matter how far the nearest branch is.
Smaller communities within reach: Panola (43 mi); Irwin (53 mi); Union Hill (54 mi).

What Illinois law requires in Foosland

Every row below records a Illinois rule, its publisher and its retrieval date.

Rule	Detail	Source
Maximum legal interest rate (usury cap)	9% annual percentage rate (general written-contract interest cap) Source says: "it shall be lawful for the parties to stipulate or agree that an annual percentage rate of 9%, or any less sum".	Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16
Payday lending status	Permitted 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 licensing	Consumer 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
State lending regulator	Illinois 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
Installment lender net-worth requirement	$30,000 minimum positive net worth (plus $25,000 surety bond) Source says: "every applicant shall prove ... that the applicant has and will maintain a positive net worth of a minimum of $30,000".	Illinois General Assembly (Illinois Compiled Statutes) as of 2026-09-16

What a Foosland personal loan looks like

Most personal loans made to Foosland residents are unsecured, so no collateral is pledged and the lender leans on your credit history. Most scoring models treat rate-shopping within a focused window as one inquiry, so comparing offers early is usually safe. The rate you see advertised is a range, not a promise, until a lender reviews your file.

A pre-application checklist for Foosland

Before you apply in Foosland, complete these steps:

Order your free credit reports and dispute anything inaccurate — it is the cheapest way to move the rate you are offered.
Price the payment first with our personal loan calculator before any lender quotes you.
Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
Confirm the lender holds a Illinois licence by checking the regulator named above.
Write down the purpose of the loan and your repayment plan before you apply.

Compare personal loan offers Run the numbers first

Common questions

What are my options in Foosland 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 Foosland is the same as anywhere in Illinois.

What loan size can I expect in Foosland?

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 Foosland?

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 Foosland 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.

Nearby places

Fisher, IL — population 2,001
Bellflower, IL — population 340
Gibson City, IL — population 3,396
Saybrook, IL — population 643
Mansfield, IL — population 928
Mahomet, IL — population 10,273
Elliott, IL — population 271
Arrowsmith, IL — population 270