Personal loans in Mound Station, IL

If you are weighing a personal loan in Mound Station, start from the payment you can carry; its 115 residents face the same statewide rules. About 115 people live in Mound Station, placing it 1,209th of 1,294 Census places in Illinois. The nearest larger metro is Clayton, IL about 5 miles away. Population in Mound Station dropped about 0.9% over the three years from 2020 to 2023. Every figure below is Illinois's own, applied to Mound Station's 115 residents, with the publisher and retrieval date attached. Work out your debt-to-income ratio first; lenders weigh it heavily, and Mound Station's 115 residents are no exception.

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

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.

Mound Station by the numbers

The figures below are Mound Station's own — Census population, land area and coordinates — followed by the Illinois rules.

Where Mound Station sits in Illinois

Mound Station is the 1,209th-largest of 1,294 Census places in Illinois and contains about 0.0% of the state's people. Its 2020-to-2023 change ranks 234th of 1,294 Illinois places, putting it near the 82th percentile for growth. By density, at about 222 people per square mile, it ranks 1,171st in Illinois. The population moved by about 1 people between 2020 and 2023, a 0.9% shift.

The state rulebook for Mound Station

Every row below records a Illinois rule, its publisher and its retrieval date — the same rules a Mound Station lender must follow.

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

A practical checklist for Mound Station borrowers

Complete these steps first when you borrow in Mound Station (115 residents):

  1. Get your credit reports, dispute what is wrong, and only then start shopping.
  2. Model the payment on the calculator before a lender models it for you.
  3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
  4. Make sure the lender appears in the Illinois regulator's licence list.
  5. Pick the shortest term whose payment you can comfortably afford.
  6. Do not borrow more than the expense calls for, even if a lender approves a larger amount.
  7. Write down the purpose of the loan and your repayment plan before you apply.

In Mound Station as elsewhere in Illinois, the written terms — not the advertisement — are what count for its 115 residents.

How lenders reach Mound Station

At roughly 222 people per square mile, Mound Station is lightly settled; 96 larger places lie within 50 miles. Whether Mound Station has a local branch or not, a Illinois-licensed lender can serve its 115 people online on the same terms. For a larger market, the closest option is Clayton, IL about 5 miles away.

Mound Station on the map

Mound Station's land area is roughly 0.5 square miles, and the Gazetteer records no significant water area within it. That land carries about 222 people per square mile. Chicago, the largest place in Illinois, is about 209 miles from Mound Station. Within 50 miles of Mound Station there are 96 larger Census places. The 100-mile radius contains 525 larger places.

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