Personal loans in Caledonia, IL

Every figure below is Illinois's own, applied to Caledonia's 180 residents, with the publisher and retrieval date attached. At about 180 residents, Caledonia is larger than roughly 13% of the places in Illinois.

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

Compare loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

A personal loan in Caledonia is priced from your credit file and income, not from the fact that the city holds 180 people. Population in Caledonia dropped about 1.6% over the three years from 2020 to 2023. Pull your credit reports and line up at least three offers before you apply from Caledonia. A larger market lies at Timberlane, IL about 3 miles away.

Caledonia: population, trend and location

Two layers matter for a Caledonia borrower: the local population picture and Illinois's consumer-lending statutes.

What shapes a Caledonia personal loan

Most loans made to Caledonia's 180 residents are unsecured, so nothing is pledged and the lender relies on your credit history. A lender serving Caledonia's 180 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Caledonia loan but raises total interest, so the smallest payment is not the cheapest loan.

Getting a loan in Caledonia

Caledonia is a lightly settled community of about 180 people, with 202 larger places inside a 50-mile radius. A Illinois licence lets a lender serve Caledonia without a local office, so branch density does not change what its 180 residents are offered. The nearest bigger place is Timberlane, IL about 3 miles away.

Land, water and location for Caledonia

Caledonia covers about 1.0 square miles of land (Census Gazetteer); no significant water area is recorded inside its boundaries. Spread across it are roughly 174 residents per square mile. For the state's biggest city, Chicago, the distance is roughly 72 miles. Within 50 miles of Caledonia there are 202 larger Census places. By land area it ranks 725th of 1,294 Illinois places.

What Illinois law requires in Caledonia

This table holds the Illinois rate and licensing rules for consumer loans made to Caledonia's 180 residents.

RuleDetailSource
State lending regulatorIllinois 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
Small-loan / installment lender licensingConsumer 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
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

Caledonia's place among Illinois's 1,294 places

Set beside Illinois's 1,294 places, Caledonia ranks 1,123rd by population and holds about 0.0% of the state total. Its 2020-to-2023 change ranks 435th of 1,294 Illinois places, putting it near the 66th percentile for growth. Its roughly 174 residents per square mile place it 1,204th among Illinois's places. By land area, its 1.0 square miles rank 725th of 1,294 places in Illinois.

Compare personal loan offers Run the numbers first

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Caledonia if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Caledonia is the same as anywhere in Illinois.
What loan size can I expect in Caledonia?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Caledonia?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Caledonia cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

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