Lyons at a glance
- Population: 10,304 — 218th in Illinois, which has 1,294 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 10,820 residents here (US Census Bureau).
- 2020 to 2023 change: down about 4.8% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Illinois places: 218th in population of 1,294 places (US Census Bureau).
- Size percentile: it exceeds roughly 83% of Illinois's Census places by population (US Census Bureau).
- Coordinates: it sits at 41.8122, -87.8186 in the US Census Bureau Gazetteer.
- Nearest larger cities: Summit, IL (2 mi); Brookfield, IL (2 mi); Berwyn, IL (3 mi); La Grange, IL (3 mi); La Grange Park, IL (3 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Riverside, IL (1 mi); McCook, IL (2 mi); Stickney, IL (2 mi) (US Census Bureau).
What a personal loan costs in Lyons
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
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.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Illinois lending rules that apply in Lyons
Where a figure is not published by the state, the row points to the source instead of guessing.
| 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 Lyons
Before you commit to a personal loan in Lyons, work through these steps:
- 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.