Hazel Crest at a glance
- Population: roughly 12,771 people; 188th of 1,294 places in Illinois (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 13,388 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: roughly 4.6% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Illinois places: 188th in population of 1,294 places (US Census Bureau).
- Size percentile: about 85% of places in Illinois are smaller (US Census Bureau).
- Coordinates: it sits at 41.5742, -87.6893 in the US Census Bureau Gazetteer.
- Nearest larger cities: Homewood, IL (2 mi); Country Club Hills, IL (2 mi); Harvey, IL (3 mi); Midlothian, IL (4 mi); Oak Forest, IL (4 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Markham, IL (2 mi); East Hazel Crest, IL (2 mi); Flossmoor, IL (2 mi) (US Census Bureau).
What a personal loan costs in Hazel Crest
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Illinois lending rules that apply in Hazel Crest
The table lists the Illinois rules that apply to a loan made in Hazel Crest, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Hazel Crest
Before you commit to a personal loan in Hazel Crest, 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.