Old Shawneetown at a glance
- Population: the Census estimates 109 residents, ranking 1,218th of 1,294 places in Illinois (Vintage 2023).
- 2020 Census base: the 2020 count put the population at 114 (US Census Bureau).
- 2020 to 2023 change: population fell about 4.4% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Illinois places: 1,218th of 1,294 by population (US Census Bureau, Vintage 2023).
- Size percentile: ahead of around 6% of Illinois places in population terms (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 37.6971, -88.1389.
- Nearest larger cities: Shawneetown, IL (3 mi); Ridgway, IL (10 mi); Equality, IL (11 mi); Uniontown, KY (12 mi); Sturgis, KY (13 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Junction, IL (6 mi); Wheatcroft, KY (21 mi); Muddy, IL (21 mi), each a US Census place.
What a personal loan costs in Old Shawneetown
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Illinois lending rules that apply in Old Shawneetown
Read the table as the compliance picture for a lender serving Old Shawneetown: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Old Shawneetown
Before you commit to a personal loan in Old Shawneetown, 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.