Dunlap at a glance
- Population: 1,576 residents, the 525th-largest of 1,294 places in Illinois (US Census Bureau, Vintage 2023).
- 2020 Census base: 1,615 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 2.4% lower than the 2020 Census base (US Census Bureau).
- Rank among Illinois places: the 525th-largest of 1,294 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 59% of the places in Illinois (US Census Bureau).
- Coordinates: it sits at 40.8452, -89.6759 in the US Census Bureau Gazetteer.
- Nearest larger cities: Peoria, IL (7 mi); Princeville, IL (7 mi); Peoria Heights, IL (9 mi); Chillicothe, IL (10 mi); West Peoria, IL (10 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Spring Bay, IL (8 mi); Bay View Gardens, IL (8 mi); Norwood, IL (10 mi) (Census populations).
What a personal loan costs in Dunlap
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Illinois lending rules that apply in Dunlap
Read the table as the compliance picture for a lender serving Dunlap: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 status | Permitted 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 licensing | Consumer 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 |
| State lending regulator | Illinois 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 |
How to compare offers in Dunlap
Before you commit to a personal loan in Dunlap, work through these steps:
- 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 Illinois using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.