Evergreen Park at a glance
- Population: 19,010 — 127th in Illinois, which has 1,294 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 19,942 (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 4.7% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Illinois places: 127th of the state's 1,294 Census places (US Census Bureau).
- Size percentile: it exceeds roughly 90% of Illinois's Census places by population (US Census Bureau).
- Coordinates: 41.7213, -87.7013 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (within 120 miles): Oak Lawn, IL (3 mi); Burbank, IL (4 mi); Blue Island, IL (5 mi); Chicago, IL (8 mi); Harvey, IL (8 mi) (US Census Bureau populations).
- Smaller places nearby: Hometown, IL (2 mi); Merrionette Park, IL (3 mi); Alsip, IL (4 mi), per US Census Bureau estimates.
What a personal loan costs in Evergreen Park
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
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 Evergreen Park
The Illinois rate caps and licensing rules that reach Evergreen Park 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 Evergreen Park
Before you share your details with a lender in Evergreen Park:
- 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.