Crest Hill at a glance
- Population: 20,118 residents, the 121st-largest of 1,294 places in Illinois (US Census Bureau, Vintage 2023).
- 2020 Census base: 20,456 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: about 1.7% below the 2020 Census base (US Census Bureau).
- Rank among Illinois places: 121st in population of 1,294 places (US Census Bureau).
- Size percentile: larger than about 91% of the Census places in Illinois (US Census Bureau).
- Coordinates: it sits at 41.5744, -88.1133 in the US Census Bureau Gazetteer.
- Nearest larger cities: Romeoville, IL (4 mi); Joliet, IL (4 mi); Lockport, IL (4 mi); Bolingbrook, IL (8 mi); Plainfield, IL (8 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Rockdale, IL (5 mi); Shorewood, IL (7 mi); Lemont, IL (9 mi) (Census populations).
What a personal loan costs in Crest Hill
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.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Illinois lending rules that apply in Crest Hill
The Illinois rate caps and licensing rules that reach Crest Hill are listed below, each with its source and retrieval date.
| 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 Crest Hill
Before you share your details with a lender in Crest Hill:
- 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.