North Pekin at a glance
- Population: 1,439 residents, the 550th-largest of 1,294 places in Illinois (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 1,476 residents here (US Census Bureau).
- 2020 to 2023 change: down about 2.5% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Illinois places: 550th by size among 1,294 communities (US Census Bureau).
- Size percentile: roughly 57% of places in Illinois rank below it by population (US Census Bureau).
- Coordinates: 40.6136, -89.6254 (US Census Bureau Gazetteer).
- Nearest larger cities: Marquette Heights, IL (1 mi); Creve Coeur, IL (2 mi); Bartonville, IL (3 mi); Pekin, IL (3 mi); Bellevue, IL (6 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Mapleton, IL (6 mi); Norwood, IL (8 mi); South Pekin, IL (8 mi), each a US Census place.
What a personal loan costs in North Pekin
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
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.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Illinois lending rules that apply in North Pekin
The sourced rows below are the rules a licensed lender must follow when lending in Illinois, and therefore in North Pekin.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in North Pekin
Run through this list before signing anything in North Pekin:
- 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.