Personal loans in Strawn, IL

The roughly 103 people who live in Strawn borrow under Illinois rules; city hall sets no personal-loan rate. Decide the purpose of the loan and your repayment plan before sharing any details with a Strawn lender.

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.

At about 103 residents, Strawn is larger than roughly 5% of the places in Illinois. Lenders active in Strawn report to a Illinois supervisor, identified in the sourced rows below. Population in Strawn dropped about 1.9% over the three years from 2020 to 2023. The closest larger city is Sibley, IL about 5 miles away.

Where Strawn stands

Read the local figures below as context; read the sourced Illinois table as the rulebook a lender here must follow.

What Illinois law requires in Strawn

The rows below set out what a licensed lender must follow in Illinois, and so for Strawn's roughly 103 residents.

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

What is available to Strawn borrowers

At roughly 202 people per square mile, Strawn is lightly settled; 150 larger places lie within 50 miles. Whether Strawn has a local branch or not, a Illinois-licensed lender can serve its 103 people online on the same terms. The nearest larger city, Sibley, IL about 5 miles away.

A practical checklist for Strawn borrowers

These steps shape the offer you get in Strawn, a place of about 103 people:

  1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
  2. Test your amount and term in the personal loan calculator first.
  3. Line up several pre-qualified offers and let the APR decide.
  4. Make sure the lender appears in the Illinois regulator's licence list.
  5. Test the payment against your current bills before you commit.
  6. Choose a term you can live with; stretching it lowers the payment but raises total interest.
  7. Keep the amount to the expense; an approval is not a reason to take more.

None of these steps is Strawn-specific: the same Illinois licensing and disclosure rules reach all 103 residents.

Land, water and location for Strawn

The Census Gazetteer records about 0.5 square miles of land within Strawn, with no significant water area listed. With 103 residents, the land area yields roughly 202 people per square mile. For the state's biggest city, Chicago, the distance is roughly 90 miles. Within 50 miles of Strawn there are 150 larger Census places. The 100-mile radius contains 699 larger places.

Strawn's place among Illinois's 1,294 places

Within Illinois, Strawn holds roughly 0.0% of all residents, the 1,224th-largest share among 1,294 places. Its 2020-to-2023 change ranks 554th of 1,294 Illinois places, putting it near the 57th percentile for growth. By density, at about 202 people per square mile, it ranks 1,190th in Illinois. The population moved by about 2 people between 2020 and 2023, a 1.9% shift.

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