Beloit at a glance
- Population: 36,342 people, the 23rd-largest place among Wisconsin's 605 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 36,688 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: roughly 0.9% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Wisconsin places: 23rd of 605 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 96% of places in Wisconsin rank below it by population (US Census Bureau).
- Coordinates: it sits at 42.5235, -89.0177 in the US Census Bureau Gazetteer.
- Nearest larger cities: Janesville, WI (11 mi); Rockford, IL (18 mi); Crystal Lake, IL (40 mi); DeKalb, IL (43 mi); Madison, WI (44 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: South Beloit, IL (3 mi); Rockton, IL (6 mi); Roscoe, IL (7 mi) (Census populations).
What a personal loan costs in Beloit
Most personal loans are unsecured, meaning no collateral is pledged, and they are repaid in equal installments over a fixed term.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Wisconsin lending rules that apply in Beloit
The table lists the Wisconsin rules that apply to a loan made in Beloit, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14) Source says: "Licensee" means a person holding a license issued by the division under sub. (5) | Wisconsin State Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed lender license required from the Division of Banking (Wis. Stat. § 138.09) Source says: Before any person may do business under this section, that person shall first obtain a license from the division. | Wisconsin State Legislature as of 2026-09-16 |
| State lending regulator | Wisconsin Department of Financial Institutions (DFI), Division of Banking Source says: "Department" means the department of financial institutions | Wisconsin State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a)) Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance | Wisconsin State Legislature as of 2026-09-16 |
How to compare offers in Beloit
Here is a short checklist for comparing personal loans in Beloit:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Wisconsin using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.