Personal loans in Erie, IL

Erie, Illinois — home to about 1,485 people — is a small community, so the terms you are offered follow Illinois law rather than any local rule. Census figures put the 2020-to-2023 decrease in Erie at about 2.3%.

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

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.

By population, Erie sits at 538th in Illinois, with an estimated 1,485 residents. Verify the lender's Illinois licence against the regulator named below before borrowing in Erie. Consumer lending that reaches Erie's 1,485 residents is governed by Illinois statute; no city ordinance changes it. A larger market lies at Prophetstown, IL about 8 miles away.

The Erie data picture

Read the local figures below as context; read the sourced Illinois table as the rulebook a lender here must follow.

How Erie compares across Illinois

Among Illinois's 1,294 places, Erie sits at 538th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Erie ranks 713th of 1,294 in Illinois (about the 45th percentile). At about 1,076 people per square mile, Erie is the 606th most densely settled place in Illinois. The population moved by about 35 people between 2020 and 2023, a 2.3% shift.

Land, water and location for Erie

Erie covers about 1.4 square miles of land, with 0.01 square miles of water inside its boundaries (Census Gazetteer). With 1,485 residents, the land area yields roughly 1,076 people per square mile. For the state's biggest city, Chicago, the distance is roughly 124 miles. Counting outward 50 miles, 45 larger communities surround Erie. By land area it ranks 602nd of 1,294 Illinois places.

The Illinois lending rules that reach Erie

For the roughly 1,485 residents of Erie, the rules below are Illinois's own; each row carries its publisher and retrieval date.

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
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

Inside a Erie personal loan

With roughly 1,485 residents, Erie is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. The rate you see advertised is a range, not a promise, until a lender reviews your file in Erie. The term you choose in Erie decides the split between a comfortable payment and the total interest you pay.

Borrowing reach in Erie

With about 1,076 residents per square mile, Erie is moderately settled, and 45 larger Census places sit within 50 miles. Whether Erie has a local branch or not, a Illinois-licensed lender can serve its 1,485 people online on the same terms. The nearest larger city, Prophetstown, IL about 8 miles away.

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 Erie 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 Erie is the same as anywhere in Illinois.
What loan size can I expect in Erie?
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 Erie?
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 Erie 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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