Cash Advance and Payday Loans in Illinois

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Illinois is one of the few states that has instituted a cap on payday loan APR. Additionally, the state has specific limitations on loan terms and amounts. We'll help you navigate the laws, so you better understand how the loan process works. If you want to get started with your loan request right now, head on over to our secure loan request form.

Illinois Cash Advance and Payday Loan Rules and Regulations

View of Chicago skyline and lake at Lincoln Park.

In Illinois, the maximum loan amount is 25% of your monthly income or up to $1,000. Illinois caps APR at 36%. Additional fees include a $1 verification fee.

The loan term can be 13 to 120 days. You are not allowed to extend your loan. That means no rollovers. However, borrowers are allowed to obtain up to two loans. There is a seven-day cooling-off period between loans. This means that if a borrower has had a loan for 45 consecutive days, they must wait seven days after paying off their loan to obtain a new one.

If you default on the loan, your lender is allowed to charge you a $25 NSF fee. However, your lender is not allowed to pursue criminal action against you.

Cash advances are sometimes referred to as payday loans. State regulators view these two financial products as one and the same. Or there is state legislation for short-term, small-dollar funding that applies to these loan products.

  • How Payday Loans Work – When you need money sooner than your paycheck is set to arrive, one option might be short-term, small-dollar lending. This is where you borrow against the money you are about to receive, and then pay it back as soon as you as you get paid.

  • Maximum Amount – Illinois offers a higher maximum amount than many other states. The limit is set at $1,000. Although, state law dictates that you can only borrow up to 25% of your gross monthly income.

  • Repayment Extensions – Rollovers are not allowed.

Illinois Cash Advance Lenders by City

If you're looking for a local lender, there may be a payday loan provider willing to work with you. Here are some brick-and-mortar locations by cities in Illinois:

  • Crest Hill – Advance Paycheck

  • Bolingbrook – PLS Loan Store

  • Chicago – Quick Loans America

  • Peoria – Check ‘n Go, Sun Loan Company, Tower Loan

  • Lansing – SAIL Loans

  • Waukegan – SAIL Loans

  • Decatur – SAIL Loans

  • Galesburg – Sun Loan Company

  • Springfield – Sun Loan Company, SAIL Loans

  • Bloomington – Tower Loan

How to Get a Payday Loan in Illinois

Most Illinois consumers need help covering a cash emergency. Short-term lenders are a great place to start, as they will often work with a wide variety of clients.

You can fill out a loan request online to get the ball rolling. Save time by requesting money from a network of lenders at the same time.

A loan request usually asks for the following:

  • Personal information, like your name, address, and phone number

  • Business information, like your employer or revenue source

  • Bank information, like your account number (so the lender knows where to send your money)

Lenders require this information, so you will likely need to provide it no matter where you start looking for a loan.

After you submit your loan request, you should know within minutes if a lender is interested in working with you. If the lender approves you for a loan, then you could get your funding in as soon as a single business day.

Installment Loans in Illinois

Unlike payday loans, installment loans are personal loans that customers can pay back over a fixed varies. While installment loans might make sense to borrowers who have lower credit scores, prices for these loans tend to be higher than those charged at banks or credit unions. Loan amounts vary but they can range from about $100 to more than $10,000 and are repayable with four to 50 months installments.

Installment Loan Regulations for Illinois

Illinois residents who are 18 years or older might be able to apply for an installment loan online. Lenders will require the following information from applicants:

  • Proof of identity and address

  • Recent pay stubs and proof of employment

  • Social security number

  • Banking information

The application process varies from lender to lender but can take between 15 to 60 minutes. Lenders may consider applicants' credit score, credit history, and debt-to-income ratio to determine their ability to repay a loan.

Applicants who have alternative forms of income, including but not limited to self-employment, government benefits, alimony, child support, royalties for intellectual property, trust fund payments, or income from investments, are also eligible to apply and m

Requesting Title Loans in Illinois

When qualifying for a payday loan is difficult or impossible, borrowers turn to title loans. Title loans are loans that require an asset to be used as collateral. Residents in Illinois who are seeking an alternative loan service may turn to title loans to pay off their debts and urgent bills they may have.

Car Title Loan Laws in Illinois

Auto title loans in Illinois are permitted by law, and borrowers can take out loans up to $4,000, or up to 50% of their income. Loan terms are not heavily regulated; however, borrowers are only allowed one renewal, according to the law.

Title Loan Requirements

In order to apply for a title loan, customers must provide the following information:

  • Vehicle for inspection

  • Lien-free title to the vehicle

  • Driver's license or state-issued I.D.

If you default on your loan, the lender has the right to repossess your vehicle and sell it to cover your debt. There may also be additional late fees charged to your account, so it is best to work out a payment plan between you and your lender in order to pay back your loans on time. Be sure to look over your loan contract and read through the fine print, as there may be extra charges and fees you are not aware of.

Final Thoughts

Illinois has become one of the few states to newly institute a 36% cap on APR. As a result, payday loans can be an appealing option for residents seeking financing. If you're in that boat, you can request up to $1,000 through the form on this page. Since 2015, we have helped millions of consumers try and find financing, and we will do our best to get you started, too.

* strives to present accurate information on each state's regulations; however, we do not guarantee the accuracy of data as presented. Please contact your state's department of finance or visit your state's official website for the most accurate information and inquiries. You can find your state's site here:


Illinois Advance Loan - Cities

AddisonAltonAntiochArlington HeightsAuroraBarringtonBedford ParkBellevilleBelvidereBensenvilleBentonBerwynBloomingdaleBloomingtonBlue IslandBolingbrookBradleyBridgeviewBuffalo GroveBurbankCahokiaCalumet CityCantonCarbondaleCarol StreamCarpentersvilleCaryCentraliaChampaignCharlestonChesterChicagoChicago HeightsChicago RidgeCiceroCollinsvilleCrest HillCrystal LakeDanvilleDecaturDeerfieldDekalbDes PlainesDixonDoltonDowners GroveDu QuoinEast DundeeEast MolineEast PeoriaEast Saint LouisEffinghamElginElk Grove VillageElmhurstEvanstonEvergreen ParkFairview HeightsFloraFox LakeFrankfortFranklin ParkFreeportGalesburgGenevaGlen CarbonGlen EllynGlendale HeightsGlenviewGranite CityGurneeHanover ParkHarrisburgHarvardHarveyHazel CrestHighlandHighland ParkHighwoodHillsideHoffman EstItascaJacksonvilleJolietKankakeeKewaneeLake In The HillsLansingLawrencevilleLemontLibertyvilleLincolnLisleLitchfieldLockportLombardLoves ParkMachesney ParkMacombMadisonMantenoMarionMattesonMattoonMaywoodMchenryMelrose ParkMetropolisMidlothianMolineMomenceMorrisMount CarmelMount ProspectMount VernonMundeleinMurphysboroNapervilleNilesNormalNorth AuroraNorth ChicagoNorth PekinNorthbrookNorthlakeOak LawnOak ParkOlneyOregonOrland ParkOswegoOttawaPalatineParisPark ForestPark RidgePekinPeoriaPeruPontiacPrincetonProspect HeightsQuincyRed BudRichton ParkRiversideRochelleRock FallsRock IslandRockfordRolling MeadowsRoselleRound LakeRound Lake BeachRound Lake HeightsSaint CharlesSaint JosephSalemSchaumburgSkokieSouth HollandSpartaSpringfieldSterlingStone ParkStreamwoodStreatorSummit ArgoSycamoreTammsTaylorvilleTinley ParkUrbanaVandaliaVeniceVernon HillsVilla GroveVilla ParkWaukeganWest ChicagoWest FrankfortWestmontWheatonWheelingWood DaleWood RiverWoodridgeWoodstockWorth
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