Personal loans in Hazel Crest, IL

The first question in Hazel Crest is not the rate on offer but whether the payment fits; about 12,771 people live here under Illinois lending law.

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.

An estimated 12,771 people make their home in Hazel Crest, a figure that ranks 188th in Illinois. Census figures put the 2020-to-2023 decrease in Hazel Crest at about 4.6%. Every figure below is Illinois's own, applied to Hazel Crest's 12,771 residents, with the publisher and retrieval date attached. Verify the lender's Illinois licence against the regulator named below before borrowing in Hazel Crest. The nearest larger city is Homewood, IL about 2 miles away.

The Hazel Crest data picture

Most of what governs a Hazel Crest loan is written in Illinois law rather than in the city; the sourced notes below make that split concrete.

How a Hazel Crest personal loan is priced

A Hazel Crest personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 12,771 residents. Two numbers drive a Hazel Crest loan: the APR, which includes fees, and the term, which decides how long you keep paying. A longer term lowers the monthly payment on a Hazel Crest loan but raises total interest, so the smallest payment is not the cheapest loan.

Land, water and location for Hazel Crest

Hazel Crest's land area is about 3.4 square miles; a further 0.02 square miles is water. That land carries about 3,759 people per square mile. Chicago, the largest place in Illinois, is about 18 miles from Hazel Crest. Hazel Crest has 135 larger places within a 50-mile radius. The 100-mile radius contains 189 larger places.

Lender access in Hazel Crest

Hazel Crest is a fairly dense community of about 12,771 people, with 135 larger places inside a 50-mile radius. A Illinois licence lets a lender serve Hazel Crest without a local office, so branch density does not change what its 12,771 residents are offered. The nearest bigger place is Homewood, IL about 2 miles away.

Which Illinois laws govern a loan in Hazel Crest

This table holds the Illinois rate and licensing rules for consumer loans made to Hazel Crest's 12,771 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
Payday lending statusPermitted 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 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

Hazel Crest in state context

Hazel Crest is the 188th-largest of 1,294 Census places in Illinois and contains about 0.1% of the state's people. For population change between 2020 and 2023, Hazel Crest ranks 1,216th of 1,294 in Illinois (about the 6th percentile). At about 3,759 people per square mile, Hazel Crest is the 86th most densely settled place in Illinois. Within 50 miles sit 166 smaller Census places, alongside the 135 that are larger.

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