Payday Loans in Chicago, IL 60609
- Fast and Easy Cash Advances
- No Hard Credit Check
- Bad Credit OK
- Payday Loans Online and in a Store
- Instant Approval Decisions
- Payday and Installment Loans Near Me
How to Get Payday Loans in Chicago, IL
If you face financial difficulty and are looking for a fast way to fix it, rest at ease because your search is over! At 1F Cash Advance, we have multiple solutions for various financial problems. With our help, Chicago residents can get extra cash within one business day. Bad credit? Good credit? No credit? We’re here to help everyone! You’re welcome to get payday loans in Chicago online or visit our physical store for personalized assistance.
We partner with licensed payday lenders only to make sure they operate under Illinois lending laws. Therefore, you’re always protected from illegal actions when you work with us. The whole payday loan process is fast and simple due to no credit check being conducted. Forget about the stress of traditional bank loans. Just choose one of the ways below and apply for a small personal loan in a matter of minutes.
In-Store Application Process
If there’s something you need to deal with by getting a few extra hundred dollars, our cozy store at 3520 S Morgan St #233, Chicago, IL 60609, is always at your service! Visit us and get personalized financial support from our friendly team of professionals.
Online Loan Request
You’re welcome to apply for online payday loans by filling out the application form on our website. By applying online, you can access the funds without moving from your daily routine. It’s a less-than-10-minute process that you can complete from the comfort of your home.
Applying by Phone
Have no time for store visits or website scrolling? Call us at
(773) 840-0919
and complete the form by phone with our manager. You can also request the application form via SMS and fill it out later.
Loan Request via Mobile App
By installing our mobile app, you get a reliable source of extra cash as close as your smartphone is. Download it on your Android or iOS device and enjoy the ability to access the money you need from anywhere in a few taps.
Loan Options Available in a 1F Cash Advance Chicago Store
At 1F Cash Advance, we want our products to be handy for both your long-term and short-term needs. Therefore, we offer a wide range of options on any occasion.
Payday Loans
Payday loans are small short-term loans that must be repaid within 2 to 4 weeks. You can use a payday loan to overcome a small financial emergency or get a few hundred dollars to make it to your next paycheck.
Installment Loans
An installment loan is a perfect fit for long-term needs. It can also be a great option for you if you’re looking for a more affordable solution. This is because you get a lump-sum deposit and repay the funds in a series of equal monthly installments.
Title Loans
Looking for a cheaper alternative to a payday loan? A title loan is here to help! It allows you to get the needed amount against your vehicle’s title. The car will be used as collateral, but you can still use it within the whole loan life.
Visit 1F Cash Advance in Chicago, Illinois
A reliable source of extra cash in Chicago is always by your side! 1F Cash Advance is about helping people overcome financial difficulties when it seems like no one can help. Our store is a place where you don’t need to pretend. Whatever your credit, we will go above and beyond to offer you the best deal possible. Whenever you face a financial need, we’ll be happy to see you and eager to help.
3520 S Morgan St #233, Chicago, IL 60609
Hours:
Monday – Friday: 8:00 am to 10:00 pm
Saturday: 9:00 am to 6:00 pm
Sunday: Closed
We’re a Local Company That Helps Locals!
1F Cash Advance gets results for customers. Learn how we meet expectations from reviews.
Getting a Payday Loan in Chicago is Always Fast and Simple!
Our store at 3520 S Morgan St #233, Chicago, IL 60609, is always here for you in case of emergency. Therefore, we make the whole process smooth and extremely fast. If you have no time to wait and need to act quickly, feel free to contact us in any convenient way. Our team will do its best to provide you with much-needed financial support within 24 hours or less.
We work with licensed Chicago lenders only, so you’re always under state lending law protection. Our lenders offer Chicago payday loans with no credit check, making them seamless and safe for your credit score. We know that time matters, so the whole application process will take you only 5 to 10 minutes to complete.
Small Payday Loans from Direct Lenders Are Available in Other 1F Cash Advance Branches!
Residents of other Illinois cities can also access small fast financial products from 1F Cash Advance’s direct lenders. Our Chicago store also accepts loan requests from citizens of Berwyn, Cicero, Forest Park, Lyons, Maywood, Melrose Park, Oak Park, River Forest, and other neighboring cities. Have no time for store visits? Apply for small payday loans online and devote the time saved to what is really important.
Not in Illinois? We’re still here to help! Our branches are also available to residents of Alabama, Texas, Indiana, Wisconsin, Kansas, Oklahoma, Montana, and other states. We operate across the US, so check out the list of locations below and visit the one that is nearest to you.
Payday Loans in Chicago, IL: Rules and Regulations
According to the 815 ILCS 122/1-1 et seq., payday loans in Chicago are legal but strictly regulated. The statute sets loan amount and interest rate caps on Chicago payday loans in order to protect the state residents from predatory lending practices.
Chicago borrowers can only get up to $1,000 or 25% of their gross monthly income, whichever is less. An interest rate cap is 36%. Additionally, a payday lender can charge you a $1 verification fee and an up to $25 insufficient funds fee. The minimum loan term is 13 days, while the maximum repayment period can be 120 days.
What Do You Need to Apply for Payday Loans in Chicago in a Store?
Payday loans are options with just a few eligibility requirements and no extensive paperwork. Therefore, you need to provide just a few basic documents and some personal details, such as:
- Full name, email, cell phone number, permanent address, etc.;
- Valid photo ID;
- Driver’s license;
- Social Security number;
- Routing number;
- Bank account number;
- Employment status and income confirmation (alternative income sources are accepted if they are stable).
Also, you should reach at least the age of 18 to apply for a Chicago payday loan. Please, note that a lender may ask you to provide more information to make a loan decision, so try to stay in touch until you receive an approval decision.
FAQ
Are Payday Loans Legal in Chicago?
Yes, payday loans are legal in Chicago. However, some restrictions regarding loan amounts and interest rates are applied.
Where Can I Get Payday Loans in Chicago Online?
There are multiple lenders that operate online, along with payday loan companies that offer both online and in-store application processes. If you have no time to choose the right lender, you're welcome to apply via 1F Cash Advance and let us connect you with a trusted loan provider.
How Fast Will I Get a Chicago Payday Loan?
Most borrowers get their money in as little as one business day. Same day deposits are also available for those who get approved before noon on a weekday.
Is 1F Cash Advance a Direct Lender?
1F Cash Advance is a connecting company that partners with multiple direct Chicago lenders. We make it easier for a borrower and a lender to meet. Our service is completely free for our customers.
Why Can a Lender Deny My Payday Loan Request?
Although payday lenders are not focused on your credit score, they still look at your ability to repay the money on time. Therefore, your income, along with negative records in your payment history, can be among the possible reasons. However, the payday loan approval rate is very high, so almost every adult American can qualify.
