In Illinois, payday loans are legal for people who need them quickly to cover their unexpected expenses. There is no minimum amount of loan you can take in this state. But the maximum amount of payday loans in Illinois is $1,000, or 25% gross monthly income. The state code is IL. If you are an IL State resident, you are welcome to get payday loans of up to 1,000 dollars.

Table Contents

  1. Legal Status of Payday Loans in Illinois
  2. Payday Loans Restrictions in Illinois
  3. Illinois History
  4. State Cities
  5. Alternatives
  6. Payday Loans History
  7. How Do Online Payday Loans Work in Illinois?
  8. Payday Loans Requirements in Illinois
  9. Regulator: Complaints and Information
  10. Payday Loans in Illinois for Unemployed People
  11. Reasons to Choose Us
  12. FAQ
  13. References
  14. All States
  15. Disclaimer

Get a Payday Loan in Illinois

Payday Loan Restrictions in Illinois

To understand how do the APR and other fees work, see the example below:

Law Status legal
MIN amount None
MAX amount $1,000, or25% gross monthly income
MIN term 13 days
MAX term 120 days
max APR 403%
Extra fees Not more than $15.50 for $100 borrowed
Collection fees $15
None, unsecured

Nr. of simultanous loans 2
Cooling-off period 7 days
Rollover Not allowed
Extension/repayment plan
55 day repayment plan

Credit Score
Available for Bad Credit

Criminal action

Law Status legal
MIN amount $1,000
MAX amount $5,000
MIN term 90 days
MAX term 36 months
min APR 6.63%
None, unsecured

Credit Score
Available for Bad Credit

Criminal action

Law Status legal
MIN amount $1,000
MAX amount $35,000
MIN term 90 days
MAX term 60 months
min APR 4.99%
None, unsecured

Credit Score
Available for Bad Credit

If you borrow $100 with a 13 days term, the ARP won’t exceed 463%. So, the loan cost will be $16.5. You’ll have to return $116.5

Illinois Finance History

The state of Illinois offers 3 payday loan products at the moment: a small consumer loan with APR not more than 99%, payday installment loans that last up to 6 months and have an APR up to 400%, and payday loans (according to the website of Illinois Attorney General).

These regulations with regard to the industry were introduced after HB 537 passed and became effective on March 21, 2011. It amended the Payday Loan Reform Act (PLRA) to create Installment Payday Loans and it also amended the Consumer Installment Loan Act (CILA) to create Small Consumer Loans.

Illinois State Cities

Payday loans in IL cities are available for all kinds of borrowers. If you are looking for “Illinois payday loans near me”, you can find it with the help of ZIP codes. All the cities have local direct lenders that may provide you payday cash advances.

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Alternatives for Short-Term Payday Loans in Illinois

Before taking a payday loan, you should consider the following alternative solutions. There are:

  • Installment Loans and Personal Loans online (from $1,000, $1,500, $2,000, $2,500, $3,000, $5,000 installment loans with a maximum 36-months term and up to $35,000 personal loans with a maximum 60-months term)
  • Credit Cards, Debt Consolidation Loans, Credit Builder Loans
  • Local assistance programs & Social Services
  • Additional part-time jobs or some side gigs and freelance opportunities to earn extra cash
  • Recycling for money
  • Help from your family, friends, employer, or creditors
  • Credit unions or traditional banks

You have to be very careful and responsible when applying for payday cash advances. We recommend you avoid rollovers, renewals, or extensions as much as possible. So, you’ll be able to repay your loan fast and easy.

Illinois Payday Loans History

2000 – “Illinois passed a law to rein in payday lenders with the law regulating loans with terms less than 30 days; payday lenders bypassed the law by extending the length of the loan to 31 days.”

2005 – Before the Payday Loan Reform Act (2005), payday lenders were largely unregulated in Illinois. The PLRA prohibited unlimited rollovers and set that payday loans must be based on a borrower’s ability to pay. The law regulated loans with terms less than 120 days.

2005 – now – Triple-digit APR installment payday loans became common.

2006 – The Military Lending Act effectively capped payday loans offered to the military at 36% APR. No lender in Illinois is now allowed to offer loans to the military in excess of 36% APR.

March 21, 2011 – HB 537 It amended the Payday Loan Reform Act (PLRA) to create Installment Payday Loans and the Consumer Installment Loan Act (CILA) to create Small Consumer Loans.

The Illinois Payday Loan Reform took hold in 2011 and the situation stays the same since then.

June 2, 2016 – The Consumer Financial Protection Bureau (CFPB) proposed a Payday Loan Rule that hasn’t yet fully come into effect.

How Do Online Payday Loans Work in Illinois?

Payday Loans both online and in-store, are available for Illinois residents. But, nowadays, online payday lending is becoming more and more popular among borrowers as it has a lot of benefits:

  • An opportunity to compare a lot of different offers at once;
  • Avoid driving, doing paperwork, and waiting in infinite lines;
  • Free and simple application process;
  • High rates of approval even with a bad credit history;
  • A trusted network of lenders that perform no hard credit check;
  • 24 / 7 availability.

The online application process is fast and simple:

  • First step: compare the lenders and choose the one with the suitable rates and fees;
  • Second step: fill in the application form with the necessary information;
  • Third step: get the money into your account on the next business day;
  • Fourth step: repay the loan with your next paycheck.

Payday Loan Requirements in Illinois

Alternative lending services, like direct lenders, may have special requirements that a borrower should meet, but typical minimum requirements include:

  • Illinois (US) residence;
  • Regular income;
  • Valid checking or savings bank account with direct deposit;
  • Active phone number and email address;
  • If you’re a veteran or military, you should have served 90 consecutive days of active service during wartime, OR you have served 181 days of active service during peacetime, OR you have six years of service in the National Guard or Reserves;
  • If applying Online, you must provide a valid Social Security Number;
  • If using the Lending Store, you must bring a valid government-issued photo ID. A Social Security Number might not be required;
  • If applying in-store, you must bring proof of income and evidence of a bank checking account.

Regulator: Complaints & Information

Illinois Division of Financial Institutions

Chicago Office: 100 W Randolph St, 9th Floor, Chicago, IL 60601

Springfield Office:320 W Washington, 3rd Floor, Springfield, IL 62786



File a Complaint:

Payday Loans in Illinois for Unemployed People

In Illinois, payday loans are available for people on SSI (Supplemental Security Income), unemployed residents, those who have child alimony, single mothers, disabled borrowers, and other job-related minorities. If you’re one of them, find out that you have the chance to get approval, too.

Be sure that anti-discrimination rules are applied for these types of borrowers. If you’re unemployed but have unofficial incomes, direct lenders may offer payday cash advances to cover your unexpected expenses.

There are some common requirements for people with disabilities or those who live from benefit payments. They should show the disability policy or benefits statement from the benefits payer (typically, it is an insurance company or former employer).

Some lenders may require an Award Letter from Social Security Administrators or proof of current receipt concerning people on SSI. It is a frequent requirement from lending companies that should meet borrowers with disabilities.

It is important to know that direct lenders make maximum efforts to provide payday loans for unemployed and/or disabled people.

Reasons to Choose Us

Among many online cash advance lenders and platforms, our vision of lending is different. We work with a trusted network of direct payday lenders.

Find out other benefits when choosing us:

  • You get immediate access to competitive loan offers with no third party, with no hidden fees.
  • You can use payday loans in Illinois as you wish. Lenders don’t set restrictions for spending your money.
  • Our lenders don’t perform hard credit checks for payday cash advances in IL. They just run a general review of your financial situation.
  • The online application process is quick and easy, especially for short-term loans in Illinois.
  • No paperwork and faxing! Just an online application form available 24/7.


Yes, consumers with all types of credit scores are welcome to apply for payday loans in Illinois. There is a high rate of approval for people with poor credit history.

There are only soft credit checks. These kinds of assessments aren’t provided through those three traditional credit bureaus but only by alternative companies. Also, this check won’t affect your actual credit score.

No, you can get only an instant approval decision. You’ll receive it as a notification at your email address. Commonly, it takes 5 – 10 minutes to get a decision from your lender.

No, you can get a guaranteed approval decision from the direct lender for your payday loan in Illinois. But there is a high rate of approvals, so don’t worry about getting the money you need.

Yes, you may get 1-hour payday cash advances in Illinois. If qualified, 1-hour payday loan may be approved in less than 60 minutes. But you should know that by providing 1-hour payday loans, lenders give you access to funds on the next business day or even sooner. Pay attention to the cut-off times of lenders.

It depends on the cut-off times. If you apply for payday loans in IL before noon, your cash advances may be approved faster, and you’ll receive the money in your bank account the same day. But if applied in the afternoon, you’ll get them on the next business day.

The number of simultaneous loans in Illinois is two at time, but you can ask your lender to provide you information about this regulation.

The easiest way to get payday loans in Illinois is to apply on online platforms that help you to connect with direct lenders. You fill in the single application form, and the partners will send it to dozens of direct lenders who will decide to get you a loan.

Payday loans in Illinois have many advantages for borrowers with bad credit. Also, the fact that you can borrow the maximum amount of $1,000 won’t allow you to get into large debt. Besides, the online application process is fast and simple.

If you need more money for your emergencies, direct lenders also provide installment loans ($1,000 – $5,000) and personal loans ($1,000 – $35,000). The minimum term for these loans is 90 days, and the maximum is 36 months and 60 months.

To qualify for payday loans in Illinois, you need to be a Illinois (US) citizen, be at least 18 years old, have a steady income, and have a valid phone number, email address, and active bank account.

To apply for payday cash advances in Illinois, you need to access the Internet from a PC, Laptop, or even smartphone. Also, you need to provide valid information about yourself while filling in the application form.

In Illinois, you may borrow up to $1,000 as payday loans.

The minimum term for payday loans in Illinois is 13 days, and the maximum term is 120 days.

The collection fees for this kind of loan are $15. Also, the extra fees are not more than $15.50 for $100 borrowed and $1 verification fee.

Once you receive your next paycheck, the lender will withdraw it from your bank account. You don’t need to go in-store to repay your payday loan in Illinois.

If you cannot pay your payday cash advances in IL when it is due, lenders will apply legal penalties. The amount of penalty percentage depends on the lender and on the amount you borrowed. There are no extensions, but you’re allowed to have a 55 days repayment plan.

You’ll receive a notification about the application result at your email address. Make sure it is active and not full.

It depends on the cut-off times. If you apply before noon, you may get your payday loan in IL on the same day. But if used in the afternoon, you’ll get your money on the next business day on your bank account.

As a borrower, you’ll have to pay $15,50 of every $100 borrowed, plus a $1 verification fee.

Yes, you need to have a steady income to get a payday loan in Illinois. But it doesn’t need to be official. Commonly, direct lenders don’t request income proof, but you should be ready to give exact answers about your regular incomes when borrowing money.

The maximum APR for payday loans in Illinois doesn’t exceed 403%. Ask your lender for more information about the Annual Percentage Rate.

The law states $15,50 of every $100 borrowed of payday loans in Illinois. But they depend on the lenders. So, make sure your lender provides you all the necessary information about the payday loan.

There are no rollovers for Illinois loans, but you should ask your lender about them before signing the contract.

There are no extensions in Illinois. But you may get 55 days as a repayment plan. So, make sure you can repay the loans in time.


Illinois Attorney General

Illinois General Assembly

Illinois Department of Financial and Professional Regulations

All States

You can get suitable payday loans in the US online with a quick and easy application form. Just fill it in and wait 5 – 10 minutes for a loan decision.

US residents can apply for online payday loans even with poor credit. Most direct lenders guarantee instant decision and Payday Loans with soft or no credit checks. Get the necessary emergency cash as soon as the next business day if you borrow online or even the same day if you apply in-store.


PaydayLoansM is an information service designed as a comparison platform providing you with the tools you need to make better decisions.

We make efforts to provide current and accurate information on this site, but it may differ from what you may find on other companies’ websites. So, ask for any details with the loan before you sign the contract.