Personal loans in Round Lake Beach, IL
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Round Lake Beach, IL.
The median household in Round Lake Beach earns $86,059 a year, about the same as the Illinois median of $83,390. About 15% of residents live below the federal poverty line, and 20.7% of households rent their home.
Illinois law that applies in Round Lake Beach
| Rate cap | 36% APR, calculated the all-in Military Lending Act way, on the unpaid balance of the amount financed, for loans made or renewed on or after March 23, 2021. |
|---|---|
| License required | Yes. |
| Loan sizes covered | A CILA licensee may lend up to $40,000 in principal. |
Full rules with statute citations: Personal Loans in Illinois. Cities in Illinois cannot set their own payday or title loan rate caps in most cases; zoning rules for storefronts are local.
What you need for a personal loan in Round Lake Beach
Lenders that serve Round Lake Beach typically ask for the following:
- Be 18 or older and a US resident
- Your Social Security number for identity verification
- A steady source of income
- An active checking account in your name
- A working phone number and email address
Popular loan amounts in Round Lake Beach
What Round Lake Beach borrowers use it for
the fastest options online
Car repairskeep getting to work while the shop fixes it
Emergencieshandle the unexpected the same week
Holiday expensesgifts and travel without maxing a card
Loans for your situation
How to get a personal loan in Round Lake Beach
- Choose an amount from $100 to $5,000 and complete one form.
- Lenders in our network review your request; many accept fair or bad credit.
- Compare the APR, monthly payment and total cost on any offer.
- If you accept, money is usually deposited in 1–2 business days.
Estimate your cost
Personal / installment loan calculator
Estimate only. Your rate depends on your credit, income and state; your lender shows the exact terms before you sign.
Banks and credit unions in the area
Banks with branches in Round Lake Beach
5 FDIC-insured bank branches from 5 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| U.S. Bank National Association | 1 | 750 E Rollins Rd, Round Lake Beach 60073 |
| Fifth Third Bank, National Association | 1 | 454 E Rollins Rd, Round Lake Beach 60073 |
| JPMorgan Chase Bank, National Association | 1 | 2100 North Illinois Route 83, Round Lake Beach 60073 |
| Woodforest National Bank | 1 | 2680 N Il Route 83, Round Lake Beach 60073 |
| State Bank of the Lakes, National Association | 1 | 10 E Rollins Rd, Round Lake Beach 60073 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
Credit unions in Round Lake Beach
3 credit-union locations from 3 credit unions.
| Credit union | Location |
|---|---|
| Baxter | 702 E Rollins Rd, Round Lake Beach 60073 |
| Consumers | 2626 N Il Route 83, Round Lake Beach 60073 |
| Great Lakes | 2135 N Il Route 83, Round Lake Beach 60073 |
Source: NCUA credit union branch data, June 30, 2026.
Nearby cities
County: Lake County ·
Frequently asked questions
Can I get a personal loan with bad credit in Round Lake Beach?
Possibly. Lenders in our network consider applicants with fair and bad credit across Illinois, including Round Lake Beach. Expect higher APRs than prime borrowers get, and compare every offer's total cost.
Is there a maximum interest rate on personal loans in Round Lake Beach, IL?
36% APR all-in cap on consumer loans; installment lenders up to $40,000.
How fast can I get a personal loan in Round Lake Beach?
Many online lenders give a decision within minutes and deposit funds in one to two business days after you sign. Your bank's processing time can add a day.
How can I get an emergency loan in Round Lake Beach?
Unexpected bills happen, and an online emergency loan can help you handle them quickly. Fill out our 3-minute form with your income and bank details, and lenders in our network will review your request. Many make decisions within minutes, and approved funds are often deposited by the next business day. Amounts range from $100 to $5,000, and you're never obligated to accept an offer.
Can I get a personal loan with a 500 credit score?
It may be possible. A score around 500 limits options with traditional banks, but some online lenders consider low scores when you have steady income and an active bank account. Offers may be for smaller amounts, and approval isn't guaranteed. The quickest way to find out is to submit one request through our network and see whether lenders respond with an offer. It takes about 3 minutes.
How do installment loans work in Round Lake Beach?
You apply, the lender reviews your income and credit profile, and if you're approved you receive a lump sum deposited into your bank account. You then repay it in equal scheduled payments over an agreed term, with interest built in. Your agreement shows each payment amount and date before you sign. Round Lake Beach residents can see installment loan offers with our free 3-minute form.
What credit score do I need for a personal loan?
There's no single minimum. Some lenders want good credit, but many lenders in our network consider fair, poor and limited credit and weigh your income and job history too. A higher score may get you better rates and larger amounts, while lower scores may still qualify for smaller loans. Find out what's available to you in Round Lake Beach with our free 3-minute form.
How do I apply for a personal loan with bad credit in Round Lake Beach?
Start by gathering your ID, proof of income and bank account details. Then complete our online form with accurate information about your income and the amount you need. Lenders in our network review your request, and many respond within minutes. Asking for an amount that fits your income can improve your chances. If you're approved, you'll review the full terms before signing.
Do I need to visit a store in Round Lake Beach?
No. You can request offers online from a phone or computer. Some lenders, especially title lenders, may ask you to visit a location or send photos of your vehicle.