Beaverville at a glance
- Population: roughly 293 people; 1,015th of 1,294 places in Illinois (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 306 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: down about 4.2% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Illinois places: 1,015th in population of 1,294 places (US Census Bureau).
- Size percentile: about 22% of places in Illinois are smaller (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 40.9537, -87.6540.
- Nearest larger cities: Martinton, IL (5 mi); St. Anne, IL (6 mi); Hopkins Park, IL (8 mi); Morocco, IN (11 mi); Aroma Park, IL (12 mi); US Census Bureau population estimates.
- Nearest smaller communities: Papineau, IL (3 mi); Donovan, IL (5 mi); Iroquois, IL (9 mi), each a US Census place.
What a personal loan costs in Beaverville
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Illinois lending rules that apply in Beaverville
The table carries the Illinois rate and licensing rules that apply to consumer loans made in Beaverville.
| 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 Beaverville
Before you share your details with a lender in Beaverville:
- 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.