Payday Loans in Chicago, IL 60609
- Fast and Easy Cash Advance
- No Hard Credit Check
- Bad Credit OK
- Online and In-Store Loans
- Instant Approval Decision
- Payday and Installment Loans Near Me
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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Visit 1F Cash Advance in Chicago
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. 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 are 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
How to Get a Payday Loan
If you face a money problem and are looking for a quick fix, rest at ease because your search is over! At 1F Cash Advance, we have solutions for various financial problems. With our help, Chicago residents can get affordable financing within one business day. Bad credit? Good credit? No credit? We’re here to help everyone! You’re welcome to get payday loans online or visit our store for personalized assistance.
The whole payday loan process is fast and simple due to no credit check being conducted. Forget about the stress of bank loans. Just choose one of the ways below and apply for a small personal loan in a matter of minutes.
In-Store Application
If there’s something you need to help with when getting a few extra hundred dollars, our cozy Chicago store is always at your service! Visit us and get personalized support from our friendly team of professionals.
Online Request
You’re welcome to apply for online payday loans in Chicago with no credit check by filling out the application form on our website. This way, you can access the funds without moving from your daily routine. It’s a less-than-5-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.
What Do You Need to Apply?
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 you may be asked to provide extra documents and information during the approval process, so try to stay in touch until you receive a guaranteed loan decision.
Benefits of Chicago Payday Loans
Payday loans from 1F Cash Advance offer unique advantages customers typically look for when it comes to affordable emergency assistance:
Easy application. Whether you visit a store or fill out a form online, the process is hassle-free and involves no extensive paperwork.
Instant approval. We perform no hard credit checks, making it possible to provide you with an instant and guaranteed response.
Transparent loan terms. You will always know what you’re going into as we don’t hide anything from you in a fine print.
Bad credit tolerance. We look far beyond just your credit score and accept borrowers with any FICO ratings.
Quick funding. You may get cash on the same day you apply or receive a direct deposit within 1 business day.
Team of professionals. We know everything about loan products and will be happy to share this knowledge with you to help you find the best financial solution.
Common Uses of 1F Cash Advance Loans
Payday loans are typically used to overcome small emergencies or cover urgent needs. They may also suit borrowers with credit issues who can’t otherwise get much-needed financing. People typically rely on them in the following situations:
- Medical bills
- Home improvements
- Moving costs
- Car repairs
- Rent or utility payments
- Grocery or gas bills till paycheck
- Other unexpected expenses.
Alternatives to Payday Loans in Chicago
If you need a higher loan amount or more repayment flexibility but have bad credit, an installment loan may be a good option to consider. It typically offers amounts between $1,000 and $5,000 and can be repaid over 2 to 24 months in affordable monthly payments.
Personal loans are another option that may fit people with good credit who need to cover long-term needs. These loans can help you obtain up to $50,000 with the repayment period between 12 and 60 months.
Credit cards are also a good solution if you need to cover your ongoing needs. They provide 24/7 access to loan funds within a certain credit limit and allow you to pay interest only on the amount you actually use.
Current members of credit unions may also consider payday alternative loans that provide up to $2,000 financing for a period of 2 to 6 months. Interest rates for these products are capped at 28%, making them a more affordable alternative to regular payday loans.
Loan Options at 1F Cash Advance Chicago
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 Loan
Payday loans are short-term loans of up to $1,000 that need to be repaid in full within 13 to 30 days. 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 Loan
An installment loan provides an affordable solution for long-term needs and big purchases. It allows you to get a lump-sum deposit of up to $5,000 and repay the funds in a series of equal monthly installments over 2 to 24 months.
Title Loan
Looking for a cheaper alternative to a payday loan? A title loan is here to help! It allows you to get up to 50% of your vehicle’s cost by using its title as collateral. Although the car is pledged, you can still use it within the whole loan life.
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Other Branches
Residents of other Illinois cities can also access small and fast direct lender loans from 1F Cash Advance. 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. You can also visit our Bloomington branch and get fast cash loans instantly.
Have no time for store visits? Apply for small payday loans online and get back 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 near you.
Payday Loans in Illinois: 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.
Representative example
If you borrow $300 for 14 days at an APR of 36%, your total interest will be $4.14. The amount due will be $304.14.
About 1F Cash Advance in Chicago: Fast & Easy Loans
Our store at 3520 S Morgan St #233, Chicago, IL 60609, is always here for you in case of emergency. 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 are a licensed company, so you’re always under state lending law protection. 1F Cash Advance has been providing Chicago payday loans since 2019, making them seamless and safe for your credit score. We know that time matters, so the whole application process will take you only 5 minutes to complete.
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 online?
1F Cash Advance offers both online and in-store application processes. You are welcome to apply now via our website and get immediate approval via email.
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 10 AM on a weekday.
Can I get installment loans in Chicago with bad credit?
Sure! Just like with payday loans, our installment loans are available to borrowers with any credit. We assess your overall financial situation and are more focused on your ability to repay the funds.
Why can my payday loan request be denied?
Although we are not focused on your credit score, we 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, our payday loan approval rate is very high, so almost every adult American can qualify.
How will I repay my loan?
The repayment is an automatic process. The amount you owe will be withdrawn directly from your bank account on the due date.