St. David at a glance
- Population: 507 (US Census Bureau, Vintage 2023 subcounty estimate), the 854th-largest of 1,294 places in Illinois.
- 2020 Census base: 527 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: population fell about 3.8% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Illinois places: 854th in population of 1,294 places (US Census Bureau).
- Size percentile: larger than about 34% of the Census places in Illinois (US Census Bureau).
- Coordinates: it sits at 40.4920, -90.0525 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Canton, IL (5 mi); Cuba, IL (7 mi); Lewistown, IL (9 mi); Havana, IL (14 mi); Glasford, IL (14 mi) (US Census Bureau).
- Nearest smaller communities: Dunfermline, IL (1 mi); Bryant, IL (3 mi); Banner, IL (7 mi) (Census populations).
What a personal loan costs in St. David
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
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 St. David
Each row below is a Illinois rule with its publisher and the date it was retrieved.
| 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 St. David
These steps are the ones that most affect the offer you receive in St. David:
- 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.