Installment Loans in Chicago, IL
at 3520 S Morgan St #233, 60609
- (773) 840-0919
- 7+ years in business
- Apply in-store 8:00 am–10:00 pm (Mon–Fri)
- Open on Saturday
- Personal installment loans
- Online application 24/7
1F Cash Advance Store in Chicago
1F Cash Advance helps borrowers throughout Chicago access quick cash loans to cover emergency expenses. Our store is located on South Morgan Street near West 35th Street, in the Bridgeport neighborhood. Your credit score will not be affected when you check rates, since there is no hard credit check performed at this stage. Our lenders consider applicants with a bad credit history and assess their ability to repay rather than their credit scores. You will need just a few documents to apply, and the money can be deposited on the same day. Come in for quick help with unexpected costs, right when you need it most.
- Monday8 am – 10 pm
- Tuesday8 am – 10 pm
- Wednesday8 am – 10 pm
- Thursday8 am – 10 pm
- Friday8 am – 10 pm
- Saturday9 am – 6 pm
- SundayClosed
Installment Loans
Carol Rivas
Tried our service?
Pick From Our Flexible Options
1F Cash Advance in Chicago, IL, helps people in Illinois and across the state find fast loans for unexpected expenses.
Installment Loans
Max. amount $5,000
An installment loan in Chicago offers up to $5,000 in financing, repayable in fixed monthly installments. Even with a low credit score, you can qualify for funds to cover large expenses or make significant purchases.
Simple Application Process
Getting a small personal loan in Chicago is easy at the 1F Cash Advance store:
Fill out a short application
Visit our location, provide basic documents, and let our staff do the rest. The process takes about five minutes.
Wait for approval
You will receive a loan decision in minutes. Most of our lenders use a soft credit check that will not affect your credit score. If a lender performs a hard inquiry for final approval, you will be notified.
Receive your money
If approved, choose a convenient funding method and get your loan on the same day.*
*By providing a post-dated check at the store, you can receive cash immediately after approval. Funds may also be sent by direct deposit to your bank account. If approved before 10:30 am on a weekday, the money may be available the same day. Applications submitted later or on weekends are processed the next business day.
What to Bring With You
Prepare these items in advance to make your in-store application process fast:
- An active checking account with a routing number
- Proof of income (such as a paystub or bank statement)
- Valid government-issued photo ID
- Social Security number
- Proof of address
- Working mobile number and email address
About 1F Cash Advance in Chicago, Illinois
1F Cash Advance is a trusted company in Chicago, Illinois, that has been helping borrowers find fast, flexible, and straightforward loans since 2019. We believe everyone deserves the chance to address their financial needs, regardless of credit history. Our application process is simple and takes only a few minutes to complete. Most customers receive the money from a lender the same day, making 1F Cash Advance a go-to choice when emergencies hit.
We take pride in our experienced and welcoming Chicago team, always ready to answer your questions and guide you through the process. 1F Cash Advance holds all required state licenses and is committed to responsible lending. We keep every step as simple as possible. You can rely on us if you are looking for professional service, transparent terms, and a fast, smooth process.
More Illinois Locations
Responsible Borrowing
In Illinois, small loans are strictly regulated. State laws set limits on the amount you can borrow, the repayment period, and the interest rate. The annual percentage rate on all consumer loans is capped at 36%, and that cap includes fees rather than interest alone.1 Any loan priced above the cap is void under state law, and the lender has no right to collect the principal, fees, or interest.2
FAQ
Is it legal to get a payday loan in Chicago?
Yes, payday loans are legal in Chicago. However, under the Predatory Loan Prevention Act (effective January 1, 2021), all consumer loans in Illinois — including payday loans — are capped at 36% APR, including fees. 1F Cash Advance operates in full compliance with state laws and partners with lenders that meet all legal requirements to protect borrowers.
How soon can I get approved?
Approval is usually fast. The underwriting process typically takes less than 15 minutes.
What’s the maximum loan amount I can qualify for?
Lenders in 1F Cash Advance network offer installment loans of up to $5,000 with fixed monthly payments and terms of up to 24 months.
Will a low credit score reduce my chances of approval?
A low credit score does not automatically disqualify you. Our lenders look at your income, debt, payment history, and employment status when determining your loan eligibility. However, low credit scores may result in smaller loan amounts and higher interest rates.
Is it possible to get a loan without a bank account?
A bank account is usually needed to transfer the funds and collect payments. However, you may get a cash loan without a bank account if you provide a post-dated check for the full repayment amount when applying at the 1F Cash Advance store.
Sources
- 1 Illinois Department of Financial and Professional Regulation — Consumer Credit Section: Predatory Loan Prevention Act.
- 2 Illinois Attorney General — Consumer Protection: Finance and Credit Concerns.
