Personal loans in Loves Park, IL

Loves Park shed about 0.3% of its population between the 2020 base and the 2023 estimate. An estimated 23,335 people make their home in Loves Park, a figure that ranks 99th in Illinois.

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.

With roughly 23,335 residents, Loves Park is a smaller city, and the lending rules its borrowers live under are written in Illinois, not by the city. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Loves Park loan. Consumer lending that reaches Loves Park's 23,335 residents is governed by Illinois statute; no city ordinance changes it. The nearest larger city is Rockford, IL about 6 miles away.

The Loves Park data picture

What follows is Loves Park's place in the Census record, alongside the Illinois rules that govern a personal loan made here.

Land, water and location for Loves Park

Loves Park covers about 16.3 square miles of land, with 0.53 square miles of water inside its boundaries (Census Gazetteer). With 23,335 residents, the land area yields roughly 1,429 people per square mile. The largest place in Illinois, Chicago, lies about 76 miles away. Counting outward 50 miles, 21 larger communities surround Loves Park. The 100-mile radius contains 111 larger places.

The Loves Park borrowing checklist

Before you apply in Loves Park, a community of about 23,335, work through these steps:

  1. Get your credit reports, dispute what is wrong, and only then start shopping.
  2. Use the loan calculator to test the payment on your intended amount and term.
  3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
  4. Verify the lender's Illinois licence with the regulator listed on this page.
  5. Decide the purpose and how you will repay it before approaching any lender.
  6. If the balances are already a strain, seek nonprofit credit counselling before adding a loan.
  7. Look for an origination fee or prepayment penalty in the written disclosure.

None of these steps is Loves Park-specific: the same Illinois licensing and disclosure rules reach all 23,335 residents.

Borrowing reach in Loves Park

Loves Park is a moderately settled community of about 23,335 people, with 21 larger places inside a 50-mile radius. A Illinois licence lets a lender serve Loves Park without a local office, so branch density does not change what its 23,335 residents are offered. The nearest larger city, Rockford, IL about 6 miles away.

The Illinois lending rules that reach Loves Park

Illinois has no separate rate rule for Loves Park; the sourced rows below are what reach every lender that serves its 23,335 people.

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
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 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

Loves Park against the rest of Illinois

Set beside Illinois's 1,294 places, Loves Park ranks 99th by population and holds about 0.2% of the state total. Its 2020-to-2023 change ranks 161st of 1,294 Illinois places, putting it near the 88th percentile for growth. By density, at about 1,429 people per square mile, it ranks 412th in Illinois. Between 2020 and 2023 the count changed by roughly 70 residents.

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

Related