Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Chicago has several options when it comes to quick financing for all credit types. But even with state regulations, they can be expensive — even the affordable options.
Yes, you can get a payday loan in Chicago. However, Illinois has some laws that restrict how much you can borrow, loan terms and more:
According to Illinois law, you can have two payday loans out at the same time, as long as the total balance doesn’t exceed the maximum amount. You can learn more about Illinois payday loan regulations by visiting our state guide.
Whether you apply online or by visiting a storefront, you typically have to meet the following eligibility criteria:
In order to complete the application successfully, you will need to supply the following information:
Even though small consumer loans might have lower APRs than a payday or installment loan. That’s because these come with interest rather than a fixed fee, which has a chance to add up over time.
Let’s take a look at the difference between the cost of a $400 payday loan with the maximum fee charge of $62 versus a $400 small consumer loan with the maximum term of one year and APR of 99%.
|Payday loan||Small consumer loan|
While your monthly cost might be more affordable, the small consumer loan actually costs nearly $200 more.
Getting a cash advance in Chicago is more expensive than getting a traditional loan. These are the general rates and fees that apply to cash advances:
The first LGBTQ-focused digital banking platform launches with this prepaid card.
The Douugh banking app uses AI to optimize your finances, but it lacks key features.
Escape to your very own island paradise above the waves.
Is the Stock Advisor program worth it? Pros and cons to consider before you sign up.
Stylish fanny packs for men — including designer styles.
Offers a mix of live, teacher-led classes and self-directed lessons to give students the best of both worlds.
Learn how to choose an air purifier to filter harmful particles out of the air so you can breathe easier in your home or office.
3 payment provider alternatives to PayPal Here
Tools and tips for making a semester at home doable.
Guide to Yellowstone, including cost and transportation options.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.