Illinois Installment Loans
- Borrow up to $5,000
- Apply online or in-store
- Quick application & approval
- Same-day funding available
- Does not affect your FICO score
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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1F Cash Advance provides a fast and easy way to get extra cash for Illinois residents with bad credit. Unlike payday loans with their short payback times and small loan amounts of up to $1,000, installment loans allow you to borrow up to $5,000 and repay in affordable monthly payments.
Complete our secure online application to receive an instant approval decision. Eligible borrowers can get their loan funds directly deposited into a bank account the same day.
How Our Loan Process Works
Applicants can apply through our website, visit our local branch, or contact us by phone at (720) 428-2247. We've streamlined the entire process so you can complete it in just five minutes.
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Start your application. Fill out our quick and easy step-by-step form so we can verify your personal, employment, and banking details in minutes.
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Get approved. You will receive an email stating whether you qualify. There's no hard credit check performed.
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Receive your deposit. If approved, the money will be transferred to your bank account the same* or next business day after signing the agreement.
*If you complete your loan application and sign the documents before 10:30 am CT on a banking day, you may be eligible for same-day funding. Restrictions may apply.
Who Can Qualify?
1F Cash Advance makes it easy to qualify for a loan. You need to be at least 18 years old and provide the following primary documents and information:
- Government-issued ID
- Social Security Number
- Proof of income
- Proof of Illinois address
- Valid contact information
- Bank account details
We do not offer loans to Active Duty Military, their spouses or their dependents. Loan requirements may be subject to change.
Rates & Terms
Installment loans in Illinois have an APR of 36% or less. Besides an interest rate, borrowers may be charged a fee for insufficient funds to pay a check or ACH. This fee can’t exceed $25. The repayment period is between 2 and 24 months.
Here are cost and payment examples:
| Amount Financed | Repayment Period | APR | Monthly Payment | Total Cost |
|---|---|---|---|---|
| $2,000 | 12 months | 24.98% | $190.07 | $2,280.83 |
| $3,000 | 18 months | 29.99% | $209.00 | $3,761.91 |
| $5,000 | 24 months | 35.99% | $295.21 | $7,085.05 |
Thanks to its flexibility and extended repayment times, an installment loan can help you meet your long-term financial needs while keeping your loan payments affordable.
Here’s how installment loan APRs compare to an average cost of 14-day payday loan:
| Loan Type | Repayment Period | Payment schedule | APR | Total Cost |
|---|---|---|---|---|
| Installment | 6 months | 6 payments of $175.84 | 18.64% | $1,055.06 |
| Payday | 14 days | 1 payment of $1,150 | 391.07% | $1,150 |
How to Use Online Loans
Online installment loans in Illinois can help you overcome urgent expenses and life projects that go beyond your budget. Here’s how our customers use them:
- Car emergencies
- Medical expenses
- Paycheck delays
- Home improvements
Find Us Nearby
1F Cash Advance is always here to serve you locally. Visit your nearest store or contact one of our representatives, who will take the time to understand your needs, ease your concerns, and help you find the most suitable solution for your situation.
Why Choose 1F Cash Advance
1F Cash Advance in Illinois offers small and affordable personal loans that can meet a wide range of our customers’ needs. Here’s what makes us unique:
No-hassle Loan Process
You can complete your application entirely online, 24/7—no lengthy paperwork, no faxing, and no long waits. Plus, we offer guaranteed approval for eligible applicants.
Security
We don’t share your identity and financial data with unaffiliated third parties. Your information is protected by advanced encryption technologies to ensure your privacy and security.
Quick Deposits
Our loans involve no credit check, allowing us to process your loan request quickly and transfer the funds within one business day of approval.
What Our Customers Say
exceptional service
had a really good time at 1f cash Advance explained everything to me in a way I understood also gave me some awesome tips on managing loans that I never wouldve thought of myself and just exceptional service!
expected getting a loan to be tiring
expected getting a loan to be tiring, but Dove made it smooth and stress-less and their chill attitude and expertise made a difference she even shared practical ideas on budgeting and staying on top of payments.
Taking this loan out went way smoother…
Taking this loan out went way smoother than I thought managers weren’t just professional but also pretty friendly, which made the whole thing less nerve-wracking their advice on handling the payments and keeping my credit solid was useful too. Its cool to see a finance place act like real people for a change!
recommend
if your looking to get a loan, I’d recommend going to check this place out for sure. The folks there are friendlier than your cousin Jed, and they’ll give you real solid advice on budgeting and dealing with debt that makes sense. They turned what couldve been a real stressful thing into a nice casual chat between friends
I’m very happy.
Their customer service really stood out. I had a question about repayment terms, and they explained everything in detail without making me feel pressured. I’m very happy with my experience.
FAQ
Can I get a payday loan in Illinois?
Payday loans in Illinois are legal but subject to strict regulations. You can borrow up to $1,000 or 25% of your gross monthly income, whichever is less. The repayment period ranges from 13 to 45 days. The maximum interest rate on our payday loans in the state is 36%.
How much do online loans in Illinois cost?
Online loan interest rates vary depending on the loan size, payback times, and your creditworthiness. Our payday loans have a maximum APR of 36% in accordance with state law.
Do you provide loans for bad credit or no credit?
Borrowers with poor or no credit can qualify for loans from 1F Cash Advance. We look at your financial and application information to determine if you are eligible for a loan. No minimum credit score requirements are set.
Do you perform a credit check?
1F Cash Advance offers bad credit loans in Illinois that come with no credit check via major credit bureaus. We assess your income and payment history via third-party agencies to determine your loan eligibility. Such an inquiry doesn’t affect your FICO score.
What if I can’t repay my loan on time?
By accepting your loan terms, you agree to repay it by the due date. Late or missed payments may result in additional fees, including a $25 insufficient funds fee under Illinois law. If you can’t pay on time, contact your lender—you may qualify for a no-interest payment plan.
What’s the best way to reach Customer Support?
The 1F Cash Advance team can answer your questions by phone or email. Call our representative at (773) 840-0919 or send an email at [email protected]. You can also send us a message via a feedback form on the website.