Springerton at a glance
- Population: 111 — 1,215th in Illinois, which has 1,294 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 115 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: about 3.5% lower than the 2020 Census base (US Census Bureau).
- Rank among Illinois places: the 1,215th-largest of 1,294 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 6% of places in Illinois rank below it by population (US Census Bureau).
- Coordinates: 38.1786, -88.3552 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Mill Shoals, IL (5 mi); Enfield, IL (5 mi); McLeansboro, IL (12 mi); Carmi, IL (12 mi); Norris City, IL (14 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Burnt Prairie, IL (7 mi); Belle Prairie City, IL (11 mi); Golden Gate, IL (15 mi) — US Census Bureau populations.
What a personal loan costs in Springerton
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Illinois lending rules that apply in Springerton
The sourced rows below are the rules a licensed lender must follow when lending in Illinois, and therefore in Springerton.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Springerton
Here is a short checklist for comparing personal loans in Springerton:
- 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.