Online Payday Loans in Illinois
- Instant Money for Emergencies
- Bad Credit Is Accepted
- No Credit Check
- Guaranteed Approval
- Same-day Funding
- Fast Cash Loans Near Me
- Short-Term Loans Across the US
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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If you need emergency cash to cover your needs, consider our online payday or installment loans in Illinois for bad credit. At 1F Cash Advance, you can apply for a small loan 24/7 and get the money you need even on the same day. Find out everything about our loan products in your state.
Illinois Payday Loan Rules and Regulations
Payday loans in Illinois are legal but strictly regulated. State residents can borrow up to $1,000 but not more than 25% of their monthly income. If you need more money, you can apply for installment (up to $5,000) and personal loans (up to $10,000). These loans are regulated by 815 ILCS 122 et seq. The repayment term for payday loans can be between 13 and 120 days. The cooling-off period is 7 days after 45 consecutive loan days. Rollovers or renewals are prohibited.
Fees & Charges
Illinois laws cap the maximum payday loan APR at 36%, with a $1 verification fee might be applied. If you fail to repay your loan on the due date, a lender may charge you an NSF fee of up to $25. Here are representative examples:
| Loan Amount | Repayment Period | APR | Finance Charge | Total Loan Cost |
|---|---|---|---|---|
| $100 | 14 days | 36% | $1.38 | $101.38 |
| $200 | 21 days | 36% | $4.14 | $204.14 |
| $300 | 30 days | 36% | $8.88 | $308.88 |
How Do Online Payday Loans in Illinois Work?
Online short-term loans in Illinois are known for being easy to get. You can request them via the website by filling out a simple application form.We will review your application details for eligibility in a matter of minutes and send you an instant approval decision via email.
If approved, you should sign the contract online after reviewing the terms and conditions.The money will then be transferred to your bank account on the next business day or even sooner. On the due date, the amount you owe will be automatically withdrawn from your account balance. This typically happens after you receive your next paycheck. The entire process takes place online and is 100% safe for our customers.
What Do I Need to Get Online Loans in Illinois?
Before applying for Illinois payday loans, you should meet several eligibility criteria. Here’s what we ask for:
- Be at least 18 years old;
- Be a US citizen;
- Have a valid ID and SSN;
- Provide proof of income and address;
- Have an active bank account;
- Provide your employer’s contact details;
- Have an active email and phone number.
How to Apply for an Illinois Payday Loan with 1F Cash Advance?
Here are the simple steps to follow when applying for online payday loans:
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Easy application. Complete our online application form via the website in just 5 minutes. We only need your basic personal and financial information.
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Instant approval. Receive a response immediately since there are no hard credit checks involved in the process.
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Same-day funding. If approved, review the loan terms and e-sign the loan agreement. Borrowers who get approved before 10 AM on weekdays can receive the money on the same day. Otherwise, you will get a direct deposit within 1 working day.
Make sure you read our Legal Information before submitting your application. As the process is straightforward, you won’t have to waste time on needless paperwork and faxing. The application form is available 24/7.
Alternative to Illinois Payday Loans
If you need more money to pay for your unplanned expenses, consider online installment loans in Illinois. With their help, you can borrow between $1,000 and $5,000 and repay the money in equal monthly installments over 2 to 24 months.You can use these loans to cover more significant expenses like house renovations, vacation costs, etc.
Can I Get a Payday Loan in Illinois with Bad Credit?
Consumers with a poor credit history are welcome to apply for our Illinois payday loans online. Their bad credit isn’t a reason to give up when looking for emergency funds. We’re mostly focused on your current financial condition. Just prove your steady income and get the funds you need, even with less-than-perfect credit.
No Credit Check Cash Loans in Illinois
At 1F Cash Advance, we offer online payday loans in Illinois with no credit checks performed through three major credit bureaus. We only run a soft inquiry that makes our loans available to borrowers with bad or no credit. This check is only made to assess the repayment risk by reviewing your income and payment history.
Don’t worry if your credit score is less-than-perfect. With our high approval rate, you can get an instant approval decision within minutes.
List of IL Cities Where You Can Find Online Payday Loans
1F Cash Advance gives people throughout Illinois the opportunity to cover their emergencies as soon as possible. That is why we provide online payday loans across the state, including the following cities:
| Chicago | Aurora | Joliet |
| Naperville | Rockford | Elgin |
| Springfield | Peoria | Waukegan |
| Champaign | Cicero | Schaumburg |
| Bloomington | Evanston | Arlington Heights |
| Bolingbrook | Decatur | Palatine |
| Skokie | Des Plaines | Orland Park |
| Oak Lawn | Berwyn | Mount Prospect |
| Tinley Park | Oak Park | Wheaton |
| Normal | Hoffman Estates | Downers Grove |
Why Choose 1F Cash Advance for your Payday Loan?
1F Cash Advance is a trusted lending service that has been helping Illinois residents get quick cash to pay for their emergencies since 2019. Just submit the loan request via the website, and let us do the rest of the work for you. There are several good reasons why our company is so popular among its customers:
- Simple application procedure. We ensure a simple online application procedure that can be completed in just 5 minutes.You can fill out a loan request form on our website 24/7 without hassle and stress.
- Fast direct deposit. Our funding process is very quick. You will receive your funds in 24 business hours or less.
- Friendly customer service representatives. The 1F Cash Advance team is always happy to help you borrow money easily. All our managers have extensive experience in the industry and know how to help you find the right solution.
- No hidden costs. There are no hidden costs that can arise when you take out payday loans with us. We clearly outline all the terms and conditions in our loan agreements so you will be fully informed about your loan details.
Get Instant Approval Decision for Your Payday Loan
At 1F Cash Advance, we know how to help you solve your problems with money today. Complete our simple application form with your personal details and get instant approval via email. If approved, you will get the loan funds within 1 working day.
If you have questions about Illinois payday loans, contact us and ask about everything you want to know about the lending process in your state. We are here to assist you and ensure you have the most pleasant borrowing experience.
In-store Payday Loans Near Me in Illinois
Are you looking for a payday loan store for a sense of personal touch? Our physical locations offer a wide range of loan options to help you solve your financial emergency. Our branch managers will advise you on the most suitable product for your specific case. Get in-person feedback and all the help you may need to get a payday loan.
Not in Illinois? Feel free to visit our stores in California, Connecticut, Florida, Maine, Missouri, Minnesota, New-Jersey, Ohio, Tennessee, Texas, Wisconsin.
Our Products & Services
Payday Loans
Also known as cash advance loans, payday loans allow you to borrow up to $1,000 quickly with no faxing or paperwork. The repayment is made in full within 13 to 30 days. Our direct lender loans don't require collateral and can be obtained in minutes, making them an ideal solution for your financial emergencies.
Installment Loans
Online installment loans in Illinois come with amounts between $1,000 and $5,000 and can be repaid in affordable monthly installments over 2 to 24 months. This flexibility makes them suitable for financing large purchases and long-term needs.
Check Cashing
Get your money on the spot by visiting the check-cashing counter at most of our in-store locations. You only need to provide your valid ID to cash your check in minutes.
Frequently Asked Questions
Is 1F Cash Advance licensed?
1F Cash Advance Financial Help, LLC is a licensed lending company that works under federal and state laws. We are licensed by the Department of Financial Protection and Innovation. Borrowers can request licensing information anytime.
Do I need good credit to get online payday loans in Illinois?
Loans from 1F Cash Advance come with no minimum credit score requirements. We accept borrowers with bad or no credit and look at the overall financial situation when deciding on your loan eligibility.
Are there any fees associated with my payday loan?
At 1F Cash Advance, we don't charge any costs for application. Besides an interest rate, there may be a $1 verification fee and a $25 NSF fee.
Do you offer no credit check cash loans in Illinois?
We only perform a soft credit check that helps us assess your financial stability and payment history. This check doesn't appear on your credit report and has no impact on your credit score.
Can I apply for online payday loans in other states?
We operate across the US and offer online loans in Iowa, Indiana, Kentucky, Missouri, Wisconsin, Tennessee, Michigan, Arkansas, Ohio, and many other states. You are welcome to apply online no matter where you live.
Do you offer guaranteed approval on your payday cash loans in Illinois?
Although 1F Cash Advance has a high acceptance rate and considers borrowers with any credit, our loans are subject to approval and are not 100% guaranteed. We need to assess your financial situation first to ensure this potential debt will not overburden your budget. You can increase your chances of approval by meeting all the needed requirements.
Can I get my Illinois payday loan on the same day?
It depends on when you get approved and your bank's cut-off times. If you apply before 10 AM on a working day, you might get your money by the end of the same day. Otherwise, you're most likely to receive your loan funds on the next business day.
Do you offer 1-hour payday loans in Illinois?
Loans from 1F Cash Advance come with quick approval within 1 hour. However, funding times also depend on your bank's cut-off times, so it typically takes longer to receive the money. Most borrowers access their loan funds on the same or the next business. You can increase your chances of getting the money on the same day if you apply early in the morning on a working day.
How will I repay my payday loan?
Our loans come with automatic repayment. You only need to ensure you have enough money in your bank account when the due date comes. The amount you owe will be electronically withdrawn from your balance to prevent late payments.
How many payday loans can I have at a time in Illinois?
State laws allow borrowers to have up to 2 outstanding payday loan balances at a time. Still, we don't recommend you get more than one payday loan as it may lead to a cycle of debt.