Personal loans in Franklin Park, IL
State law, not city hall, decides what a lender may do to Franklin Park's roughly 17,871 residents, and a state regulator supervises it. With 17,871 residents, Franklin Park outranks about 89% of the communities in Illinois. Two households in Franklin Park with comparable incomes can still be offered different rates; the city's 17,871 residents are not the reason. From the 2020 Census base to the 2023 estimate, the population declined by about 3.3%. Verify the lender's Illinois licence against the regulator named below before borrowing in Franklin Park. The closest larger city is Melrose Park, IL about 2 miles away.
What the Census records for Franklin Park
Set out below is Franklin Park's local context next to the state-level rules that reach every lender here.
- Population: the Census counts 17,871 residents in Franklin Park (Vintage 2023 subcounty estimate), the 141st-largest figure among Illinois's 1,294 places.
- Population trend: Roughly 3.3% fewer residents than the 2020 Census counted.
- People gained or lost: about 602 fewer since the 2020 base.
- Size percentile: with 17,871 residents, Franklin Park is larger than about 89% of Illinois's Census places.
- Population density: about 3,741 people per square mile across 4.8 square miles of land (Census Gazetteer area, Vintage 2023 population).
- By land area: Franklin Park ranks 269th among Illinois's 1,294 places, at 4.8 sq mi.
- Within Illinois: about 0.2% of the state's population lives in Franklin Park.
- National rank: Franklin Park is the 2,077th most populous of the 19,457 Census places covered here.
- Growth in Illinois: Franklin Park stands 978th by percentage change from 2020 to 2023, among 1,294 places.
- Against the state trend: Franklin Park's 3.3% change compares with a Illinois average of -2.0% across its 1,294 places.
- Density rank: Franklin Park places 88th among Illinois's places by people per square mile.
- Density in context: Franklin Park's 3,741 people per square mile sit against a Illinois median of 993.
- Location: coordinates 41.9360, -87.8792 (US Census Bureau Gazetteer).
- Nearest larger cities: Melrose Park (2 mi); Elmwood Park (3 mi); Bensenville (4 mi); Bellwood (4 mi); Elmhurst (4 mi). Lenders licensed in the state serve Franklin Park whether or not they keep a local branch.
- Smaller communities close by: Schiller Park (2 mi); Northlake (2 mi); Stone Park (2 mi), each with its own Census population profile.
- Smaller places within 50 miles: 203 of them.
- At 100 miles: 157 larger Census places fall inside that radius.
The state rulebook for Franklin Park
Every row below records a Illinois rule, its publisher and its retrieval date — the same rules a Franklin Park lender must follow.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
Franklin Park against the rest of Illinois
Franklin Park is the 141st-largest of 1,294 Census places in Illinois and contains about 0.2% of the state's people. On the 2020-to-2023 trend, Franklin Park stands 978th among Illinois's 1,294 places — roughly the 24th percentile. By density, at about 3,741 people per square mile, it ranks 88th in Illinois. Within 50 miles sit 203 smaller Census places, alongside the 123 that are larger.
How lenders reach Franklin Park
With about 3,741 residents per square mile, Franklin Park is fairly dense, and 123 larger Census places sit within 50 miles. Distance to a branch rarely matters for Franklin Park's 17,871 residents: the application is online and the price follows your credit file. For a larger market, the closest option is Melrose Park, IL about 2 miles away.
The Franklin Park borrowing checklist
Complete these steps first when you borrow in Franklin Park (17,871 residents):
- Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
- Model the payment on the calculator before a lender models it for you.
- Shop at least three lenders and judge them on APR and total cost.
- Verify the lender's Illinois licence with the regulator listed on this page.
- Look for an origination fee or prepayment penalty in the written disclosure.
- Test the payment against your current bills before you commit.
- Pick the shortest term whose payment you can comfortably afford.
The process is identical across Illinois; what changes is your credit file, not the fact that Franklin Park holds 17,871 people.
The anatomy of a Franklin Park personal loan
A Franklin Park personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 17,871 residents. A lender serving Franklin Park's 17,871 residents must disclose the APR and finance charge in writing before you sign. The term you choose in Franklin Park decides the split between a comfortable payment and the total interest you pay.
Common questions
What are my options in Franklin Park if my credit is poor?
What loan size can I expect in Franklin Park?
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Does comparing loans in Franklin Park cost me credit score points?
Nearby places
- Schiller Park, IL — population 11,164
- Stone Park, IL — population 4,402
- Northlake, IL — population 12,270
- Melrose Park, IL — population 23,666
- River Grove, IL — population 10,282
- Bellwood, IL — population 17,890
- Rosemont, IL — population 3,766
- Berkeley, IL — population 5,089