Sauget at a glance
- Population: the Census estimates 132 residents, ranking 1,191st of 1,294 places in Illinois (Vintage 2023).
- 2020 Census base: the 2020 Census recorded 138 residents here (US Census Bureau).
- 2020 to 2023 change: roughly 4.3% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among Illinois places: 1,191st in population of 1,294 places (US Census Bureau).
- Size percentile: roughly 8% of places in Illinois rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 38.5859, -90.1531.
- Nearest larger cities within 120 miles: Cahokia Heights, IL (1 mi); East St. Louis, IL (2 mi); Washington Park, IL (4 mi); Brooklyn, IL (5 mi); Fairmont City, IL (5 mi) (US Census Bureau).
- Nearest smaller communities: Glen Echo Park, MO (11 mi); Country Life Acres, MO (17 mi); Champ, MO (20 mi) (Census populations).
What a personal loan costs in Sauget
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Illinois lending rules that apply in Sauget
The Illinois rate caps and licensing rules that reach Sauget are listed below, each with its source and retrieval date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Sauget
The order below is a sensible way to approach a loan in Sauget:
- 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.