Personal loans in Jerome, IL

Personal loans in Jerome are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 1,644 population. Jerome shed about 2.8% of its population between the 2020 base and the 2023 estimate.

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.

About 1,644 people live in Jerome, placing it 513th of 1,294 Census places in Illinois. Verify the lender's Illinois licence against the regulator named below before borrowing in Jerome. A single loan can carry different costs on either side of a state line, and Jerome sits on the Illinois side of that line. The next larger city is Springfield, IL about 2 miles away.

What the Census records for Jerome

Set out below is Jerome's local context next to the state-level rules that reach every lender here.

Jerome on the map

Inside Jerome's boundaries lie about 0.5 square miles of land, with no significant water area recorded. Spread across it are roughly 3,558 residents per square mile. The largest place in Illinois, Chicago, lies about 177 miles away. Jerome has 31 larger places within a 50-mile radius. By land area it ranks 1,058th of 1,294 Illinois places.

The anatomy of a Jerome personal loan

In Jerome, a small community of about 1,644, the amount is advanced up front and repaid in fixed installments; the city's size does not change the pricing. Because pricing is borrower-level, two people in Jerome can be quoted different APRs on the same amount and term. Shortening the term on a Jerome loan raises the monthly payment but cuts the interest; lengthening it does the reverse.

Jerome in state context

Within Illinois, Jerome holds roughly 0.0% of all residents, the 513th-largest share among 1,294 places. For population change between 2020 and 2023, Jerome ranks 881st of 1,294 in Illinois (about the 32th percentile). Its roughly 3,558 residents per square mile place it 95th among Illinois's places. Within 50 miles sit 129 smaller Census places, alongside the 31 that are larger.

Borrowing reach in Jerome

At roughly 3,558 people per square mile, Jerome is fairly dense; 31 larger places lie within 50 miles. Whether Jerome has a local branch or not, a Illinois-licensed lender can serve its 1,644 people online on the same terms. The nearest larger city, Springfield, IL about 2 miles away.

Which Illinois laws govern a loan in Jerome

When Illinois does not publish a figure, the row links to the source instead of inventing a number; Jerome is bound by the same rules.

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
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
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
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 Jerome 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 Jerome is the same as anywhere in Illinois.
What loan size can I expect in Jerome?
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 Jerome?
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 Jerome 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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