Winfield at a glance
- Population: roughly 10,054 people; 224th of 1,294 places in Illinois (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 9,832 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: population rose about 2.3% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Illinois places: the 224th-largest of 1,294 (US Census Bureau, 2023 estimate).
- Size percentile: roughly 83% of places in Illinois rank below it by population (US Census Bureau).
- Coordinates: mapped at 41.8784, -88.1530 by the US Census Bureau Gazetteer.
- Nearest larger cities: Wheaton, IL (3 mi); Carol Stream, IL (3 mi); West Chicago, IL (4 mi); Warrenville, IL (4 mi); Glen Ellyn, IL (5 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Wayne, IL (7 mi); Oakbrook Terrace, IL (10 mi); Itasca, IL (10 mi) (Census populations).
What a personal loan costs in Winfield
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
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 Winfield
The Illinois rate caps and licensing rules that reach Winfield are listed below, each with its source and retrieval date.
| 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 Winfield
Before you share your details with a lender in Winfield:
- 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.