Where does Illinois Lending have branches?
While Illinois Lending is only available to residents of Illinois, it has six branches located across the state:
If you’re a resident of Illinois and need cash fast, you may want to check out Illinois Lending. It offers both online and in-store loans with the potential to pick up your funds the same day you apply. But you’ll need a bank account and steady income to qualify.
$100
Min. Amount
$4,000
Max. Amount
Product Name | Illinois Lending installment loans |
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Min. Amount | $100 |
Max. Amount | $4,000 |
Loan Term | 112 to 180 days |
Loan Security | Unsecured |
Requirements | Bank account open for 60+ days, $300+ weekly income, Illinois resident, US citizen or permanent resident, ages 18+ |
Illinois Lending offers both in-store and online installment loans ranging from $100 to $4,000 with APRs capped at 99%. While the lender doesn’t list loan terms on its website, you can expect to have between 112 to 180 days to pay off your loan based on Illinois’ state regulations.
How much you qualify for — as well as your specific terms — will vary depending on your financial situation, not your credit score. However, you need to have a checking account that’s at least 60 days old and bring home at least $300 a week to qualify.
You may be able to get your funds the same day you’re approved by picking up a check from your local Illinois Lending branch. Otherwise, you’ll receive your funds in your bank account as soon as the next business day.
While Illinois Lending is only available to residents of Illinois, it has six branches located across the state:
Even as a short-term lender, there are a few perks to borrowing from Illinois Lending:
Consider these potential drawbacks before taking out an installment loan from Illinois Lending:
In general, yes — though no website can ensure your personal information stays 100% secure. Illinois Lending does its part by encrypting any details you enter on its online application. Plus, you can apply in person if you’re worried about your information being compromised.
It has an industry-standard privacy policy that covers the type of information it collects and how it shares that info. You can limit sharing by writing to Illinois Lending within 30 days of submitting your application. In addition to its privacy policy, it also provides a PDF copy of the Illinois Department of Financial and Professional Regulation (IDFPR) pamphlet on short-term lending on its website.
BBB accredited | No |
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BBB rating | B- |
Customer reviews verified as of | 16 October 2020 |
To qualify for an installment loan from Illinois Lending, you need to meet the following requirements:
You can apply in store by visiting an Illinois Lending branch or online by following these steps:
Once you’ve submitted your application and created your account, you’ll be able to sign in to view the status of your request. If you applied during business hours, Illinois Lending will go over your information and may approve you on the same day. If you applied outside of business hours, you’ll generally be notified of your approval status by the next business day.
When you fill out your application, make sure to have these documents on hand:
Once you receive your funds, it’s time to think about repayments. How much you owe — along with your due dates — should be listed on your loan agreement. Read this over carefully to ensure you understand any fees you may be charged for late payments or insufficient funds. If you’re unable to make a repayment or have any questions about your account, reach out to Illinois Lending as soon as possible.
If you live in Illinois and don’t have the best credit, Illinois Lending could help you get some extra cash to make ends meet. But you’ll need to live near a branch to pick up your funds the same day. And borrowers without a bank account or steady stream of income won’t qualify.
Before you borrow, compare your other short-term loan options or consider one of these payday loan alternatives instead.