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Personal loans in Mattoon, WI

In Mattoon, a personal loan gives you a lump sum repaid over a set term, with the lender setting your APR from your credit, income and debts. At about 358 residents, Mattoon is the 523rd-largest of the 605 Census places in Wisconsin. The table below carries the Wisconsin rate caps and licensing rules that apply to a personal loan taken out here.

By the Personalloaned Editorial Team · Last updated 2026-09-16

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Mattoon at a glance

  • Population: 358, the 523rd-largest community in Wisconsin out of 605 (US Census Bureau, Vintage 2023).
  • 2020 Census base: 360 residents in the 2020 Census, per the US Census Bureau.
  • 2020 to 2023 change: down about 0.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
  • Rank among Wisconsin places: 523rd of 605 by population (US Census Bureau, Vintage 2023).
  • Size percentile: about 14% of Wisconsin's Census places are smaller (US Census Bureau).
  • Coordinates: 45.0046 / -89.0412, per the US Census Bureau Gazetteer.
  • Nearest larger cities within 120 miles: Birnamwood, WI (10 mi); Antigo, WI (11 mi); Wittenberg, WI (14 mi); Gresham, WI (16 mi); Hatley, WI (17 mi) (US Census Bureau).
  • Nearest smaller places: Aniwa, WI (8 mi); Bowler, WI (10 mi); Eland, WI (13 mi) (US Census Bureau estimates).

What a personal loan costs in Mattoon

Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.

The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.

A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.

Pre-qualifying with several lenders takes minutes, uses a soft pull, and gives you real numbers to compare before any hard inquiry.

Wisconsin lending rules that apply in Mattoon

The table lists the Wisconsin rules that apply to a loan made in Mattoon, each with the regulator that published it.

RuleDetailSource
Maximum legal interest rate (usury cap)12% per year maximum ($12 per $100) on the declining principal balance, except as authorized by other statutes (Wis. Stat. § 138.05(1)(a))
Source says: At the rate of $12 upon $100 for one year computed upon the declining principal balance of the loan or forbearance		Wisconsin State Legislature
as of 2026-09-16
Payday lending statusLegal and licensed by the DFI Division of Banking; statewide database tracking (Wis. Stat. § 138.14)
Source says: "Licensee" means a person holding a license issued by the division under sub. (5)		Wisconsin State Legislature
as of 2026-09-16
Small-loan / installment lender licensingLicensed lender license required from the Division of Banking (Wis. Stat. § 138.09)
Source says: Before any person may do business under this section, that person shall first obtain a license from the division.		Wisconsin State Legislature
as of 2026-09-16
State lending regulatorWisconsin Department of Financial Institutions (DFI), Division of Banking
Source says: "Department" means the department of financial institutions		Wisconsin State Legislature
as of 2026-09-16

How to compare offers in Mattoon

The order below is a sensible way to approach a loan in Mattoon:

  1. Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
  2. Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
  3. Pre-qualify with at least three lenders and compare the APR, not the interest rate.
  4. Check that the lender is licensed in Wisconsin using the regulator named above.
  5. Read the disclosure for origination fees and any prepayment penalty before you sign.

Common questions

Frequently asked questions

Can I get a personal loan with bad credit in Mattoon?
Yes, but expect a higher APR and possibly a smaller amount. Lenders that serve borrowers with lower scores are licensed statewide, so your options in Mattoon are the same as elsewhere in Wisconsin.
How much can I borrow with a personal loan in Mattoon?
Loan amounts are set by each lender and depend on your income, credit and existing debts, so we do not quote a range we cannot source. The Consumer Financial Protection Bureau explains how lenders assess an application, and our personal loan calculator will model the payment for any amount before you apply.
Does a personal loan in Mattoon require collateral?
Unsecured personal loans do not require collateral. A secured loan, such as a home-equity or auto-secured loan, does — and it puts the pledged asset at risk if you default.
Will shopping for a loan in Mattoon hurt my credit?
Pre-qualification usually uses a soft credit pull that does not affect your score. A full application triggers a hard inquiry, which may lower your score by a few points temporarily.

Nearby places

Where these figures come from

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