Illinois Lending installment loans review

Pick up your funds the same day you apply — but only for residents of the Prairie 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.

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Min. Amount


Max. Amount


Product NameIllinois Lending installment loans
Min. Amount$100
Max. Amount$4,000
Loan Term112 to 180 days
Loan SecurityUnsecured
RequirementsBank account open for 60+ days, $300+ weekly income, Illinois resident, US citizen or permanent resident, ages 18+

What is Illinois Lending?

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.

Where does Illinois Lending have branches?

While Illinois Lending is only available to residents of Illinois, it has six branches located across the state:

ChicagoGrand and Western: 2350 W. Grand Avenue, Chicago, IL 60612

35th and Ashland: 3455 S. Ashland Avenue, Chicago, IL 60608

Thompson Center: 100 W. Randolph Street, Suite 111, Chicago, IL 60601

MolineKing Plaza Shopping Center: 3612 Avenue of the Cities, Moline, IL 61265
Orland ParkLakeview Plaza: 15826 S. LaGrange Road, Orland Park, IL 60462
GurneePembrook Corners: 5250 Grand Avenue, Suite 13A, Gurnee IL 60031

What are the benefits of Illinois Lending?

Even as a short-term lender, there are a few perks to borrowing from Illinois Lending:

  • APR cap. While still expensive, its APR cap of 99% is relatively low for short-term loans.
  • Available both online and in stores. Illinois Lending has six branches and an online application so you can choose the option that’s most convenient for you.
  • Same-day turnaround. Even if you apply online, you can get your funds the same day by picking up a check at your local branch.

What to watch out for

Consider these potential drawbacks before taking out an installment loan from Illinois Lending:

  • Only available in Illinois. You need to be a resident of the Prairie State to qualify.
  • Stricter eligibility requirements. Not only do you need to have a bank account that’s been open for at least 60 days, but you must bring home at least $300 a week to be eligible.
  • Minimal reviews. A lack of borrower reviews means you won’t know how others fared before you apply.

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Name Product Filter Values Loan amount Turnaround time Requirements
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$500 to $4,000
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+18 years old, Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
LendYou Short-term Loans
$100 to $2,500
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$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Monevo Installment Loans
$500 to $100,000
Varies by lender
Credit score of 500+, legal US resident, ages 18+
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Fig Loans Installment Loans
$200 to $800, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.

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Is it safe to apply for 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.

Illinois Lending reviews and complaints

BBB accreditedNo
BBB ratingB-
BBB customer complaints1
Customer reviews verified as of16 October 2020
There isn’t much online about Illinois Lending doesn’t have a Trustpilot page, and its Better Business Bureau (BBB) page is empty aside from one complaint back in 2017. Because of this, it’s difficult to get a read on how you might be treated as a customer before applying.

Am I eligible?

To qualify for an installment loan from Illinois Lending, you need to meet the following requirements:

  • Weekly income of $300 or more
  • Bank account open for at least 60 days
  • Resident of Illinois
  • US citizen or permanent resident
  • At least 18 years old

How do I apply?

You can apply in store by visiting an Illinois Lending branch or online by following these steps:

  1. Visit Illinois Lending’s website and click Apply Now.
  2. Enter your full name, email and phone number. Click Get Started.
  3. Enter your Social Security number, date of birth and address. Click Next.
  4. Enter information about your bank account, employment and income. Select your military status. Click Next.
  5. Select how much you want to borrow and how you’d like to receive your funds.
  6. Read over its disclosures and click Submit Application.
  7. Create your Illinois Lending account by setting up a password and clicking Create Your Account.

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.

What documents do I need to apply?

When you fill out your application, make sure to have these documents on hand:

  • Proof of residence
  • Current pay stub or income statement
  • 60 days of banking history
  • Valid driver’s license or state ID
  • Voided check or direct deposit form

I got the installment loan. Now what?

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.

Bottom line

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.

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