Allendale at a glance
- Population: 442 (US Census Bureau, Vintage 2023 subcounty estimate), the 906th-largest of 1,294 places in Illinois.
- 2020 Census base: the 2020 Census recorded 457 residents here (US Census Bureau).
- 2020 to 2023 change: about 3.3% lower than the 2020 Census base (US Census Bureau).
- Rank among Illinois places: 906th of the state's 1,294 Census places (US Census Bureau).
- Size percentile: about 30% of places in Illinois are smaller (US Census Bureau).
- Coordinates: 38.5276 latitude, -87.7103 longitude (US Census Bureau Gazetteer).
- Nearest larger cities (120-mile radius): St. Francisville, IL (6 mi); Mount Carmel, IL (8 mi); Patoka, IN (11 mi); Bridgeport, IL (13 mi); Lawrenceville, IL (14 mi) (US Census Bureau).
- Nearest smaller communities: Hazleton, IN (10 mi); Decker, IN (10 mi); Bellmont, IL (15 mi), each a US Census place.
What a personal loan costs in Allendale
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.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Illinois lending rules that apply in Allendale
Each row below is a Illinois rule with its publisher and the date it was retrieved.
| 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 Allendale
These steps are the ones that most affect the offer you receive in Allendale:
- 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.