Personal loans in Magnolia, IL

Compare APR, not the interest rate, because the APR folds in most fees on a Magnolia loan. For the 247 people in Magnolia, Illinois runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Population in Magnolia dropped about 2.4% over the three years from 2020 to 2023. A larger market lies at McNabb, IL about 4 miles away.

The Magnolia data picture

Magnolia is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: about 247, ranked 1,059th of 1,294 places in Illinois (Census Vintage 2023 subcounty estimate).
• Population trend: The 2020-to-2023 change is negative, near 2.4%.
• People gained or lost: about 6 fewer since the 2020 base.
• Size percentile: roughly 18% of Illinois's places have fewer residents than Magnolia's 247.
• Density: roughly 789 residents per square mile, spread over 0.3 sq mi of land.
• By land area: Magnolia ranks 1,152nd among Illinois's 1,294 places, at 0.3 sq mi.
• Share of Illinois: Magnolia holds about 0.0% of the state's population, some 247 people.
• National rank: Magnolia is the 15,799th most populous of the 19,457 Census places covered here.
• Growth in Illinois: Magnolia stands 743rd by percentage change from 2020 to 2023, among 1,294 places.
• Against the state trend: Magnolia's 2.4% change compares with a Illinois average of -2.0% across its 1,294 places.
• Density rank: Magnolia places 796th among Illinois's places by people per square mile.
• Against the state median: Magnolia runs about 789 residents per square mile, where the Illinois median is 993.
• Location: it lies at 41.1141, -89.1958 in the Census Gazetteer.
• Nearest larger cities: McNabb (4 mi); Varna (6 mi); Lostant (7 mi); Toluca (8 mi); Henry (8 mi). Lenders licensed in the state serve Magnolia whether or not they keep a local branch.
• Smaller places nearby: La Rose (10 mi); Standard (10 mi); Leonore (12 mi).
• Within a 50-mile radius: 27 smaller Census places.
• At 100 miles: 689 larger Census places fall inside that radius.

Lender access in Magnolia

Magnolia is moderately settled, with about 789 people per square mile and 138 larger places within 50 miles. Whether Magnolia has a local branch or not, a Illinois-licensed lender can serve its 247 people online on the same terms. The nearest bigger place is McNabb, IL about 4 miles away.

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

Against Illinois's other places, Magnolia accounts for about 0.0% of the state's population and ranks 1,059th of 1,294 by size. Its 2020-to-2023 change ranks 743rd of 1,294 Illinois places, putting it near the 43th percentile for growth. By density, at about 789 people per square mile, it ranks 796th in Illinois. Within 50 miles sit 27 smaller Census places, alongside the 138 that are larger.

Magnolia on the map

Inside Magnolia's boundaries lie about 0.3 square miles of land, with no significant water area recorded. That land carries about 789 people per square mile. The state's population centre of gravity, Chicago, is roughly 93 miles away. A 50-mile radius around Magnolia takes in 138 places that are larger. The 100-mile radius contains 689 larger places.

A practical checklist for Magnolia borrowers

Before you hand your details to a lender in Magnolia, where the population is near 247:

1. Check all three credit reports for mistakes, because an error you fix now is a lower rate later.
2. Run the numbers on the personal loan calculator so you know the payment before you apply.
3. Get several pre-qualifications and compare APR side by side before choosing.
4. Make sure the lender appears in the Illinois regulator's licence list.
5. Weigh a shorter term's higher payment against the interest it saves.
6. Keep the amount to the expense; an approval is not a reason to take more.
7. Be clear on what the loan is for and how it gets repaid.

None of these steps is Magnolia-specific: the same Illinois licensing and disclosure rules reach all 247 residents.

Which Illinois laws govern a loan in Magnolia

Every row below records a Illinois rule, its publisher and its retrieval date — the same rules a Magnolia lender must follow.