Personal loans in Martinsville, IL
Martinsville is a small community of about 1,086 residents, and a personal loan taken out here is governed by Illinois statute. At about 1,086 residents, Martinsville is larger than roughly 51% of the places in Illinois.
Decide the purpose of the loan and your repayment plan before sharing any details with a Martinsville lender. The trend for Martinsville between 2020 and 2023 is downward by roughly 2.6%. State law, not city hall, decides what a lender may do to Martinsville's roughly 1,086 residents, and a state regulator supervises it. The nearest larger city is Casey, IL about 6 miles away.
The Martinsville data picture
Two layers matter for a Martinsville borrower: the local population picture and Illinois's consumer-lending statutes.
- Population: 1,086 people, a figure that places Martinsville 628th among the 1,294 Census places in Illinois (US Census Bureau, Vintage 2023).
- Population trend: Down about 2.6% from the 2020 Census base to the 2023 estimate.
- Change in people: the 2020-to-2023 comparison is a loss of about 29 residents.
- Size percentile: about 51% of Illinois communities are smaller than Martinsville (1,086 residents).
- Density: roughly 537 residents per square mile, spread over 2.0 sq mi of land.
- Land area: Martinsville covers 2.0 square miles, the 488th-largest area among Illinois's 1,294 places.
- Water: Martinsville holds about 0.03 square miles, the 373rd-largest water area in Illinois.
- State population share: Martinsville accounts for about 0.0% of everyone in Illinois.
- National rank: Martinsville is 9,899th of 19,457 places nationwide.
- Growth rank: Martinsville's 2020-to-2023 change ranks 832nd of 1,294 places in Illinois.
- Versus Illinois: the state average change is -2.0%, while Martinsville moved 2.6%.
- Density rank: Martinsville is the 977th most densely settled place in Illinois.
- Density vs Illinois: Martinsville's 537 people per square mile compare with a state median of 993.
- Location: 39.3384 / -87.8809, per the US Census Bureau Gazetteer.
- Nearest larger cities: Casey (6 mi); Marshall (11 mi); Greenup (16 mi); Charleston (19 mi); Toledo (20 mi). For most borrowers the comparison happens online, not at a branch.
- Nearest smaller towns: Westfield (10 mi); Ashmore (15 mi); Kansas (15 mi) — useful context for the surrounding area.
- Smaller neighbours: 82 places smaller than Martinsville sit within 50 miles.
- Within 100 miles: 196 places are larger than Martinsville.
Martinsville's place among Illinois's 1,294 places
Among Illinois's 1,294 places, Martinsville sits at 628th for population, a share of roughly 0.0% of the state. On the 2020-to-2023 trend, Martinsville stands 832nd among Illinois's 1,294 places — roughly the 36th percentile. Its roughly 537 residents per square mile place it 977th among Illinois's places. By land area, its 2.0 square miles rank 488th of 1,294 places in Illinois.
How Illinois law applies in Martinsville
These are Illinois's sourced lending facts as they reach Martinsville's 1,086 residents; the state has no city-level rate rule.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
Getting a loan in Martinsville
Martinsville is a moderately settled community of about 1,086 people, with 42 larger places inside a 50-mile radius. Distance to a branch rarely matters for Martinsville's 1,086 residents: the application is online and the price follows your credit file. The nearest bigger place is Casey, IL about 6 miles away.
Land, water and location for Martinsville
Martinsville's land area is about 2.0 square miles; a further 0.03 square miles is water. Spread across it are roughly 537 residents per square mile. Chicago, the largest place in Illinois, is about 173 miles from Martinsville. Within 50 miles of Martinsville there are 42 larger Census places. Within the same 50 miles lie 82 smaller Census places.
How personal loans work in Martinsville
Martinsville is a small community of about 1,086 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Because pricing is borrower-level, two people in Martinsville can be quoted different APRs on the same amount and term. A longer term lowers the monthly payment on a Martinsville loan but raises total interest, so the smallest payment is not the cheapest loan.
Common questions
What are my options in Martinsville if my credit is poor?
What loan size can I expect in Martinsville?
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Does comparing loans in Martinsville cost me credit score points?
Nearby places
- Casey, IL — population 2,350
- Westfield, IL — population 522
- Marshall, IL — population 3,879
- Kansas, IL — population 648
- Ashmore, IL — population 627
- Yale, IL — population 66
- Greenup, IL — population 1,342
- Redmon, IL — population 135